Link to this post: > > https://plus.google.com/113591506435167299485/posts/eTHmkne8XxH?authuser=0 > > 04:48 *Zena Costa:* DEMPO SC INK DEAL WITH FC MIDJTYLLAND > > The investment marks that moment in Indian football when intent turned into > commitment. It’s kick-off time for the Dempo foray into truly international > football. > Goa's Dempo FC has acquired 34% stake in the Danish Club and football > academy FC Midtjylland for € 12Mil via Share Subscription Agreement. Dempo > investment in FC midtjylland is estimated at £8.6m. Besides 34% stake Dempo > will also have presence on the board F C Midtjylland Holdings A S, the > holding company for Herning and Ikast based club. > > The Share Subscription Agreement shall take effect after the final approval > of the shareholders of FCM Holdings A S at an Extraordinary General Meeting > to be held on 15 September.The deal is a long-term commercial and technical > partnership between the parties, with Dempo investment strengthening the FCM > capital base, and FCM committed to providing technical know-how to Dempo, > which owns Dempo Sports Club, a first division I-League club. > > The understanding in brief envisages FCM sharing its football expertise > with an Indian club, and establishing an academy in football-crazy Goa, in > collaboration with Dempo. > > “It's a historic day for FC Midtjylland and the start of a new era for the > Club. The agreement enables us to add value to the continuity of our soccer > team and retain our own playing talent longer. We can enhance the level of > talent development, and begin truly to internationalize the Academy," > explains FC Midtjylland CEO Søren Bach. > Dempo Group chairman Shrinivas V Dempo said the agreement was aimed at > raising the standard of Indian soccer.Our agreement is aimed at raising the > playing standard of Indian soccer, and this tie-up with a first-rate > European academy and team shall spur the development of the game even > faster," Dempo >
