Crowe was pleased to advise Dermot Usher on their recent acquisition of Cork City FC.
Crowe’s corporate finance and tax team provided full support to Dermot Usher throughout the acquisition process.
Cork City FC was founded in 1984 and has a rich history of multiple league titles and cup competition championships over the years. The team are looking forward to competing in the top tier in the upcoming season, having won the 2022 League of Ireland first division title.
Commenting on the acquisition of Cork City FC, Dermot Usher highlighted his passion for the Club and growth ahead, "To all the staff in Cork City FC and all the volunteers who provide their time, I can't believe how lucky I am to be part of the team. Great plans are afoot to grow attendance at matches with several events to run, allowing Companies to be part of the Club and provide excellent events for their staff and customers."
Outgoing club chairman, Declan Carey, said "This is a great day for Cork City Football Club. We now have a new owner who has the capability to allow our club to compete where it should be. As a Board we want to wish Dermot the best of luck and would encourage all fans to get behind him over the coming years and help our club reach its full potential. We are confident that today marks the start of the next positive chapter of the club's history."
Crowe’s team was led by Naoise Cosgrove, Eimear Grier and Darren Roche, with John Byrne and Niamh O’Grady providing tax advice.
Speaking about the announcement, Naoise Cosgrove said, "We are delighted to support Dermot with his new venture. We know he will bring the same passion and enthusiasm to Cork City FC as he has to his other business ventures. We look forward to celebrating many future successes on and off the pitch."
Our corporate finance team has a wealth of experience advising clients on M&A transactions across a broad range of sectors both domestically and internationally and are available to assist with any projects you may be considering.
If you are considering the sale or purchase of a business, we can help you maximise your investment. Talk to our corporate finance team today.