Fundacion Marcet partnership called off

The proposed partnership deal between Armagh City F.C. and  Fundacion Marcet will not go ahead and there are no plans for any further discussions or arrangements between the two groups.

The deal finally fell through when the Armagh City management committee rejected the contract that was proposed by Fundacion Marcet to formally ratify the partnership agreement with the club. This follows up on similar difficulties that arose at the start of June when changes to the club constitution proposed by Fundacion Marcet were initially rejected at a club EGM due to concerns about the proposed deal. Following the latest setback, and with a new season looming, the management committee decided it was best to cease the arrangement with Fundacion Marcet and begin making arrangements for the new season.

Club chairman Philip Johnston said “We did what was right for our club and, despite several obstacles, will forge ahead this season.”. 

Due to the anticipated influx of players from Fundacion Marcet, several local players have left the club since the start of the year, and the club now face a challenge in putting together a new squad and team management that can be competitive in the league this season.

The club faces an even greater challenge with the state of its finances. Given that the income that was due to be generated from the Fundacion Marcet deal won’t be available the club will need raise funds in the short term and the chairman went on to comment “We need to consolidate our position at Holm Park for the next couple of years and this means tightening out belts in every aspect of running this club”.

  

Posted in Club News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Main Sponsor

Armagh Sports and Trophies

Next Match

Armagh City v Coagh United

Saturday 30 September 2017
Holm Park, 3pm

Club Sponsors

Armagh City Hotel

HomeCare Independent living

premierproperty.jpg

Philip White Tyres Ltd

Web Partners