Thursday, June 23, 2022

Waterford FC owner Richard Forrest has reacted to an article circulated this afternoon (Thursday) by The42.ie that headlined that “Waterford FC put up for €1.3 million sale” by “unreservedly apologising” to all concerned for the manner of which this news was broken.

Whilst the Blues owner hasn’t gone as far as denying that the club that he purchased from Lee Power last year was up for sale, he claimed that the decision of an “internal board” to seek a “commercial assessment of the club’s market value” been leaked to the media was “deeply disappointing”.

Forrest claims that the details of a potential “€1.3 million” value for the club has been presented as a “foregone conclusion” rather than a “market value and current assessment of market interest”.  According to the article written by Gavin Cooney, it’s alleged that the club is up for sale valued at €1.3 million with London based sports-advisory firm Oakwell handling the sale.

WATERFORD FC STATEMENT

The full statement by club owner, Richard Forrest (pictured above) reads –

“It has been brought to my attention that an article by Gavin Cooney of The 42 in relation to the sale of my football club Waterford FC has been released today (23/06/22).
I am deeply disappointed that an Internal Board decision to illicit a commercial assessment of the club’s market value and potential interest of Waterford FC has been leaked to the press and presented as a forgone conclusion rather than a market value and current assessment of market interest.
“To all Waterford FC respected and loyal supporters I would like to unreservedly apologise for both the timing and content of this published article as it would be my intention to share news that impacts the staff, team, players and fans directly to all of you.
Please be assured any significant changes that affect Waterford FC will be communicated to you in a timely and respectful manner.
“In the meantime I am and remain the proud owner of Waterford FC and want us to focus on our next steps rather than be distracted by this.
Onwards with our next game against Bray Wanderers.

Yours in sport
Richard Forrest
Owner.”

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