Falkirk chairman Gary Deans has provided an update after American investors have been revealed to be injecting the Bairns with cash.
An agreement has been reached in principle with US-based investors for a six-figure financial boost. Phil and Carrie Rawlins have confirmed they will take on a 26% shareholding stake in the Scottish League One club and also take positions on the board.
— Falkirk FC (@FalkirkFC) September 9, 2020
Phil Rawlins is the founder and life president of MLS club Orlando City, also serving as a director at Stoke City for a period. Carrie Rawlins meanwhile was previously a consultant with Deloitte & Touche.
Deans has provided a lengthy statement explaining Falkirk’s situation. He says that this opportunity is ‘exciting’ for the Bairns and that the new American investors have no plans to become majority shareholders of the club.
“Phil and Carrie have been working for several months on a potential investment in a football club in Europe and particularly Scotland,” said Deans. “As a Board, we have spent significant time getting to know them and ensuring that our respective ambitions for the club are completely aligned.
“We believe that they bring enormous expertise and connections which will benefit the club but likewise they see huge potential in Falkirk to build a successful community focused club which operates successfully in the Scottish Premiership.
“It’s important to point out that the Club is not for sale and the Rawlins’ do not have any plans to be majority owners of the Club. They completely buy-in to what we are striving to do, and our vision of a balanced ownership structure, a structure that is only successful when fans get to invest and support simultaneously with outside investors.
“This is an exciting and important development for Falkirk FC. There remains work to do to finalise this deal. As a board, we believe the changes outlined above will set a solid foundation for the Club.
“The immediate priorities are clear – promotion to the Championship whilst managing the club’s finances closely through this difficult period. However, it is important that we plan beyond the coming season. Our ambition is to be a successful, well managed, top-six Premiership football club recognised for playing attractive football with a blend of youth and experience.
“To do this we need to attract investment from a range of sources which will provide us with a platform for further progression to the Premiership.”