Irish-American lawyer and businessman, Jack McCarthy, has agreed in principle to take over eircom League of Ireland First Division club Limerick 37.
McCarthy was unveiled as the new saviour of senior soccer in Limerick at a press conference in the Patrick Punch Hotel on Monday evening.
‘I have reached an agreement in principle with Limerick 37 and, after due diligence and the construction of a debt management programme, I am confident that it will go through,’ said McCarthy.
The New Jersey based businessman is now looking for a chief executive to run the club on a day to day basis but will be adopting a hands-on approach from his US base.
‘I will be over quite regularly. Our first job is to bring stability to the club and then grow it slowly. We will be concentrating on building relationships with everybody in Limerick both in the football and business community,’ said McCarthy.
‘I am very excited by what is happening in Irish soccer at the moment and impressed by the way the FAI is trying to strategically develop the League of Ireland.’
The FAI introduced McCarthy to Limerick 37 and chief executive John Delaney said the Association are committed to the development of senior soccer on Shannonside.
‘We are committed to the development of soccer at all levels in Limerick and will be playing an active role in the regeneration plan.
‘We will have coaches working in the community and are working to develop football facilities in the city, including a new stadium that will eventually become a home for Limerick 37.
‘Limerick need a strong senior soccer club and while that won't happen overnight, I am confident that in Jack McCarthy they have man who will leave no stone unturned to achieve that,’ said Delaney.
