Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

St. Albans City FC sold to local businessmen

Thu 12th May 2011 | Clubs Ownership

Following the FA's fine on 4 February 2011, troubled St Albans City Football Club has been sold for an undisclosed sum to two local businessmen: Lawrence Levy and John McGowan.

Well known locally for his love of football Lawrence said “We are delighted to have bought St Albans City Football Club from John Gibson and are really looking forward to re-building it with the support of the fans and the local community."

"John McGowan and I have big plans for the future and believe that The Saints will once again be the club that St Albans deserves. We would like to thank John Gibson and to pay tribute to him for all his hard work and enthusiasm for the club over the last nine years. We also look forward to drawing a line under the recent history and taking the club forward.”

John McGowan added “Lawrence and I are here for the long term and we are investing in the future of the club. We want to work with the supporters and will be talking to them over the coming weeks and months to ensure that they are happy with the changes. But we will also be talking to schools and local businesses to get them involved.”

The club played in the Conference South league in 2010-2011 Season. For further details on the club see www.sacfc.co.uk.

The FA fined St. Albans £7,500 on 4 February 2011 and deducted 10 league points.

The punishment was in relation to alleged illegal payments to players, described by the FA as financial irregularities, by the club during the 2008-09 season. St. Albans appealed, but the original decision was upheld.





If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk


Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Portsmouth Enter Possible Takeover Talks

Thu 23rd Mar 2017 | Clubs Ownership

Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...

Walker Morris Advise On Leeds United Sale

Thu 5th Jan 2017 | Clubs Ownership

Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...

Aser Group Holding Acquires 50% Of Leeds United

Wed 4th Jan 2017 | Clubs Ownership

Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...

Notts County Sold To Local Businessman

Mon 19th Dec 2016 | Clubs Ownership

Notts County owner Ray Trew has confirmed the sale of the club after reaching an agreement with local businessman Alan Hardy. Having held discussions with a number of prospective buyers in recent...