New Investors In At Rovers

Bristol Rovers have been boosted ahead of the new season with new investors joining the board.

Wael Al-Qadi has been on the lookout for further investment for some time now and after knocking back several offers Wael has finally got the investors he wanted.

The agreement will see Al Saeed purchase a 55 per cent controlling stake and become co-owner of Dwane Sports, who own a 96.5 per cent stake in the Gas, with Wael Al-Qadi retaining his position as club President. Its believed that Al Saeed has been part of discussions, alongside club representatives, over the proposed development of the Fruit Market land where Rovers are hoping to secure permission to build a new 20,000 all-seater stadium.

In a statement on the official website, Mr. AlSaeed said: "I am privileged to join Wael as a partner of BRFC. I have been a huge football fan for many years, and it has always been my ambition to own a stake in a club. BRFC is the one club that I most desired to be a part of, due to its great fanbase and future potential.

"From this day on, I assure the fans that we will be working tirelessly on the sustainability and growth of the football club. Rovers are a club with huge potential that is still untapped, and it is our duty to make sure that we do everything possible to improve the current state.

"I have really enjoyed my time in the lovely city of Bristol, and I hope to contribute to the community in the best manner possible.

"I would like to take this opportunity to thank all of our beloved fans for their continuous support to the club. I look forward to meeting you all at our first home game of the upcoming season."

As part of this process, the Club can confirm that the debt owed to Dwane Sports will be capitalised. This means that apart from our ordinary trade creditors the club is substantively debt free.