Galway United’s board has confirmed the club has received an offer to take a majority shareholding in the club.
A consortium in Saudi Arabia that has previous ties to a football club in their country has approached the United board, as revealed on RTE.ie last week.
A Special General Meeting next Monday will see all members of Galway United vote on whether to accept the investment and cede the majority control of the club.
The proposed "long term" move has been described in the initial commitments as investment in the first-team to target promotion, the club’s underage infrastructure and youth academy, a training facility and personnel to boost how the club is run on and off the pitch.
These staff would be "at board level, general management and a director of football."
The investor is also keen to play a bigger role in the community, according to the statement from the Galway board.
A meeting information pack is being put together for members of the club to help make their decision next Monday.