Local and overseas investors eye Waterhouse

Waterhouse Football Club will move to change its status from a non-profit organisation to a limited liability company, and club chairman Bruce Bicknell revealed that a number of big investors, both local and overseas, have expressed  interest in the club.

According to Bicknell, the club is always seeking ways to bolster its financial and administrative capacities, and that their talks with possible investors have gained momentum as they are close to sealing a deal with major investors from outside the country, very soon, and that these investors will become new shareholders in the club.

"Hopefully we will have more investors in the club, which is something in the pipeline as we speak and we will speak about it more thoroughly in a few weeks," said Bicknell.

   He pointed out that  these investors will not just put their money into the club and sit on the sidelines but will own a stake in the club by becoming shareholders, hence the reason for turning the club into a limited liability company.

"They (new investors) want to be shareholders and own a percentage of the club. We are in the transition stage now as  we are going from a limited by guarantee to a limited liability company, in other words from a non-profit to a limited liability company. So now we are going to have active shareholders in the business, including foreigners.

"We actually have confirmed (investors) via emails, but we haven't signed a contract as yet."

He added that, apart from sporting success, Waterhouse FC wants to become more active in the international player export market, and believes that coach Javier Ainstein, will greatly assist them in this process.

"We are seeking other revenue streams by exporting players. With coach Ainstein's international experience, coming from Argentina and then working in Panama, he has been exposed to the transfer of players so he will play a major role in that."

livingston.scott@gleanerjm.com