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Daggers change of ownership: should we...

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Next Match


25 September 2018
7:45pm
Solihull Moors
Away
Vanarama National League 
 

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Eastleigh
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Vanarama National League 
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     On This Day


In 1995,The Daggers beat Berkhamsted Town 2-1  Away in the FA Cup 2nd Qualifying Round


In 2000,The Daggers beat Hednesford Town 6-1 at Home in the Nationwide Conference 


In 2006,The Daggers beat Weymouth 4-1 at Home in the Nationwide Conference 


In 2017,The Daggers drew 2-2 with Solihull Moors Away in the Vanarama National League 


 

 


USA, USA!

Daggers secure funding
by Hardy on 14/09/2018

The Daggers have issued a press release regarding the completion of a deal securing outside investment into the football club.

Daggers secure new investment

The Daggers have issued a press release regarding the completion of a deal securing outside investment into the football club. The news can be found here. This follows an initial announcement of there being interest from a US based group as reported recently.

The announcement of the deal confirms that Victoria Road Football LLC, a newly set up US based company, have purchased a majority shareholding in the new company, Dagenham & Redbridge FC 2017 Limited. We understand that the shreholding is the 58% that previously allocated to Glyn Hopkin last December and sees the remaining shares, owned by the Full Members, Dave Bennett and Steve Thompson retained by them.

Who are ya?

Peter Freund is the owner of Trinity Sports Holdings which has interests in the New York Yankees and three Minor League baseball clubs in Memphis, Tennessee, Charleston, South Carolina and Williamsport, Pennsylvania. Trinity Sports Holdings was named Ballpark Digest’s Sports Organization of the Year in 2017.

More recently they gained the license to form a United Soccer League club in Memphis, Tennessee, Memphis 901 FC, who will play their first competitive game in Spring 2019. In the UK they were strongly linked to taking a potential stake in Aston Villa over the summer, with figures up to £75m being discussed.

Peter and colleague Craig Unger, visited the Daggers in pre-season, and again for the home game against Hartlepool in August. Following that game the two spent some time in the club chatting to Daggers supporters, and those that met them have told us that they were impressed by the knowledge and interest shown in English football.

We understand that former Premier League goalkeeping veteran, Tim Howard, is also part of the team at Trinity.

The deal sees the shares change hands for a token amount as was indicated at the Daggers message board last week, in return for a guaranteed investment into the football club commencing immediately. DiggerDagger understands that the first two years of this investment have been transferred up front as a show of good faith, allowing the club to immediately look at playing and off field budgets, and also plan securely going forward.

An open letter to Daggers fans from Peter Freund

To All Dagenham & Redbridge Supporters,

When I first visited Victoria Road this summer for a friendly against Cambridge, and having come back for the match against Hartlepool, I was captivated by the incredible passion shown by the Daggers supporters. I consider my ability to come in and help this club, which has roots dating back to the 1880’s, as a privilege and will do everything I can to solidify it this season and give us a chance to return to the Football League in the future. I made a point to meet with Peter Taylor on both occasions and he has my full confidence to lead this club now and into the future.

Along with Craig Unger, who serves as President of our United States Soccer Club, former Premier League goalkeeper and American soccer star Tim Howard and Managing Director, Steve Thompson, I am excited to roll up my sleeves, continue to build on the tradition and history of this club, and create an environment at the ground which generations of supporters will continue to be proud of.

Come On You Daggers!!!

Peter B. Freund

What next?

At the recent Fan's Forum, MD Steve Thompson indicated that any investor would be buying in to the Dagger's potential. The club is almost debt free, proven in the Football League for nine seasons and has a designated ground. There is enough seating, CCTV, turnstiles, floodlighting, and changing facilities to see the club back to League One without any need to invest in infrastructure. With the right on field resources, this is a massive opportunity for a comparitively small outlay.

There is no real indication as yet regarding how involved the new owners will be in running of the football club, but as a professional outfit with experience in running local competitive sports clubs in the US we would hope that they will bring new ideas and expertise to bear in order to see the Daggers move forward. Peter Freund will become Dagenham & Redbridge’s Executive Chairman, and it seems that for the moment at least Steve Thompson will remain MD and have responsibility for running the club day to day.

The key here here will be patience.

As we know, the National League is a tough one to get out of, at the right end at least, and there are a number of other well funded clubs looking to gain or regain Football League status. Money in itself does not guarantee success, but can make building the foundations for it much easier.

After two years of chaos today is hopefully a new dawn for the Daggers and supporters can hope to look forward to good times returning to Victoria Road.

DiggerDagger.com will bring further news when we get it.

USA! USA! USA!


 

 

 

 

DiggerDagger.com is an independent website and the views expressed are not necessarily those of Dagenham & Redbridge Football Club