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2016/17 Season News

Club Ownership

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Club Ownership

PostedMay 15, 2016

Cowdenbeath FC is pleased to announce that Club Chairman, Donald Findlay QC has purchased the majority shareholding in the Club from Innovate (Cowdenbeath) Ltd.
A spokesman for Innovate said -
'Innovate (Cowdenbeath) Ltd is happy to announce the sale of it’s majority shareholding in Cowdenbeath Football Club Ltd to Donald Findlay QC. Mr Findlay, a son of Cowdenbeath, will hold the shares in trust until a new not-for-profit structure is agreed by the board of directors of the football club company. Shares will then be redistributed to the local community as part of an ongoing equity fundraising campaign to secure the future of the ‘Blue Brazil’.
Innovate (Cowdenbeath) Ltd will retain ownership of Central Park Stadium and maintain it’s existing landlord-tenant relationship with Cowdenbeath Football Club and a medium-term lease is agreed. The stock car business will also remain in place.’
Commenting, Mr. Findlay said -
‘Relegation has been a considerable blow to the ambitions I have for the Club. We require to rebuild and my acquisition of the majority shareholding is an important first step. I am very grateful to Alex Brewster and his family making this possible. I am proud and humbled to be the principal shareholder of my home town football club. I seek no personal gain. I have deep affection for the Club and my home town and I will hold the shares only for the benefit of both and I am confident that, together, we can take the Blue Brazil back to the Championship. The future of the Club at Central Park is secure. However, there is work to be done. Let’s make a start’ "
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