Major shareholders sell stake in Dumbarton Football Club
dailyrecord.co.ukwere rejected by councillors in March 2018 - with Brabco believed to be keen to appeal the decision. However no appeal was ever made, nor was an application for permission ever resubmitted.That led to calls from the Supporters’ Trust for clarity on the future position of the owners, who were not represented on the club board - and who have previously been unwilling to communicate with the trust.However the club tonight confirmed the takeover, after a lengthy period of talks.
In a statement released on their website Dumbarton Football Club said: "Dumbarton FC can announce that a deal has been concluded today for Cognitive Capital Ltd to buy out Brabco's majority shareholding in the club. "We had been in discussions with Cognitive Capital Ltd.
Read more on dailyrecord.co.uk