Walsall FC are set for a major injection of funds after being bought out by an investment firm based in Birmingham….Alabama, that is.
The League Two club has agreed a two-stage deal with sports investor Trivela Group which has initially seen the company purchase 51 per cent of the shares owned by incumbent chairman Leigh Pomlett alongside a promise of an immediate investment of capital.
In phase two, expected to take place within two years, Trivela will acquire Mr Pomlett's remaining 25 per cent shareholding along with additional funding to enable the club to purchase its Poundland Bescot Stadium and surrounding property.
