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Motherwell: Scottish Premiership club agree investment from US-based investor

Motherwell reach agreement with US-based family regarding investment; club released an appeal in bid to secure funding; Motherwell's executive board will now work on formalising legal framework to take forward to shareholder vote, with investor keen to work in partnership with Well Society

MOTHERWELL, SCOTLAND - MARCH 30: A general view during a cinch Premiership match between Motherwell and St Mirren at Fir Park, on March 30, 2024, in Motherwell, Scotland.  (Photo by Ross MacDonald / SNS Group)

Motherwell have reached an agreement with a US-based investor.

The Fir Park club have confirmed talks with an American family will proceed to the next stage after an agreement on a non-binding Head of Terms.

The Steelmen had been searching for external investment and recently released a mock Hollywood appeal as they urged A-list celebrities like Taylor Swift to provide funding like Ryan Reynolds and Rob McElhenney did for Wrexham in the English Football League.

Motherwell's executive board will now work on formalising a legal framework to take forward to a shareholder vote with the investor keen to work in partnership with the Well Society as part of the deal.

A club statement read: "The Executive Board of the Club would like to confirm that investment discussions with a US-based family have reached the point where both parties wish to move forward to the next stage and have therefore entered into an agreement on a non-binding Heads of Terms.

"Both parties will now work on formalising these into a legal framework which can be put to a shareholders vote.

"The investor has expressed his desire to work in partnership with the Well Society.

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"The process of formalising the Heads of Terms is likely to take around six weeks and we will keep you updated on progress."

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DUNDEE, SCOTLAND - AUGUST 05: A close-up of the new SPFL ball before a cinch Premiership match between Dundee and Motherwell at Dens Park, on August 05, 2023, in Dundee, Scotland. (Photo by Sammy Turner / SNS Group)

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