To be co-opted in the club committee, subject to MFA approval
Valletta FC are set to receive a major boost in the coming days as English businessman Steve Vaughan Senior has agreed to invest in the club, the Times of Malta can confirm.
Reports in Maltese media have been circulating in the past few weeks that Valletta FC have been in talks with various investors in a bid to bring in a substantial financial injection into the club.
Valletta FC president Alex Fenech had made no secret of the need to bring in new investors at the club and it looks like his continuous efforts to attract new people at the club have given a positive outcome.
Talks with Steve Vaughan Senior have been ongoing for the past few weeks and an agreement was finally reached that will see Vaughan being co-opted into the Valletta FC committee subject to the Malta FA’s approval.
Valletta have been struggling for results on the pitch in recent years and this season the Capital Club have experienced a difficult start to the Premier League campaign, with the team hovering just outside the relegation zone.
The team is currently in 11th place in the standings with 11 points from 11 matches.
Should Vaughan’s co-option be approved by the Malta FA, it will give the Englishman the opportunity to provide a substantial cash injection into the club and enable coach Vincenzo Potenza to bring in the necessary reinforcements in a bid to revive the team’s fortunes this season.
This is the first time that Steve Vaughan Senior is being involved in Maltese football and will be the second member of the Vaughan family investing here as his son Steve Vaughan Jr is currently the president of National Amateur League side St George’s FC.
