Dundalk FC confirm deal to rescue club has been completed [Video]

LAST UPDATE | 21 hrs ago

A DEAL TO save Dundalk FC has been confirmed by the League of Ireland club.

A statement released this evening states that local businessman John Temple has taken over from previous owner Brian Ainscough.

Temple “will lead a consortium of investors who have agreed to underwrite the players’ current wages until the end of the season and will examine the viability of the club and its facilities going forward.”

A new board will be confirmed in the coming weeks and a meeting will also taking place with players.

The 42 understands a figure in the region of €3 million will be required to make the Premier Division club sustainable, clearing debts that are upwards of €1.5m as well as providing the necessary capital on an ongoing basis thereafter.