Motherwell investment offer 'withdrawn'

Motherwell’s potential investor has withdrawn his offer to buy the club.

Former Netflix chief Erik Barmack’s Wild Sheep Sports proposed to put £1.95m into the North Lanarkshire club over a six-year period, but Well Society members said it would ultimately take Motherwell out of fan ownership.

Amendments were made by the club to the offer, but after further discussions with the board, Mr Barmack has withdrawn his offer with immediate effect.

Whether to accept or deny the offer had gone to a fans’ ballot, which will now cease.

A statement issued by Motherwell this morning read: “Erik’s intention from the outset has been to play a part in moving the club forward. That can only be achieved with a unified fanbase.

“However, it has become increasingly clear that the discussions around his proposal are creating significant divisions within the fanbase.

“Such divisions cannot be in the best interests of the club.

“The club board have informed the Well Society board of Erik’s decision, and both parties are fully committed to working together for a positive future for Motherwell FC.”

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