Drogs fans unveil share drive
Published 13/01/2011 | 05:00
THE steering group of supporters who are trying to get Drogheda United back on a steady footing have launched plans to sell shares at €1,000 each with a view to achieving their goal.
Drogheda will field an all-amateur team in the First Division this year, but the Claret and Blue fans' group say they require €200,000 to put the necessary structures in place to run the club properly.
That process will also involve transferring the ownership of the United Park outfit over to a new company. The directors of Hinge Trading have agreed to sell the club for a nominal fee of €1.
Massive investment from businessmen Vincent Hoey and Chris Byrne propelled Drogheda to league title success in 2007. But the inability to secure a new home stalled the club's progress, thus making their outlay on players completely unsustainable.
Since then, they have endured a steady decline, which culminated with relegation from the top flight last season.
Members of the steering group met with the FAI last week, and have received backing from the Abbotstown hierarchy.
However, the group need to gather funds as a matter of urgency with a view to fulfilling licensing requirements.
Meanwhile, St Patrick's Athletic have signed well-regarded striker Dave McMillan from UCD. He follows his brother, Evan, who made the same move earlier this winter.
McMillan was travelling around South East Asia on an off-season break when he received a call from Saints boss Pete Mahon. "Thankfully he was able to make contact and a deal was done pretty quickly," he said.
"Two weeks ago I was trekking through forests in Cambodia and getting lost, so it's good to be back and facing into a new challenge."