St Johnstone in talks over American takeover - 4 minutes read






St Johnstone are in talks with a prospective American buyer over the sale of the club.

Owner Geoff Brown - who bought Saints in 1986 - announced he was selling his majority shareholding in December 2022, around the same time his son Steve stood down as chairman.


Negotiations over a sale are expected to continue in the coming weeks, with optimism that an agreement could be reached before the end of this season.







Image:
Geoff Brown announced he was selling the club in December 2022




It is believed the US investor has also been in attendance at games this month and the Scottish FA has been notified over the potential for foreign investment at St Johnstone.

The Brown family have held a majority shareholding in the club for almost four decades, with 80-year-old Geoff sanctioning a move from Muirton Park to its current home of McDiarmid Park shortly after taking control in the 1980s.



As well as moving to a new stadium, St Johnstone won their first three major trophies, competed in European football and enjoyed their longest top-flight stint under the Browns.


When putting the club up for sale, Brown said "net proceeds" from the deal would be put towards building a community hub for the St Johnstone community trust.








Image:
St Johnstone won the Scottish Cup and League Cup in 2021




St Johnstone - who sacked Steven MacLean at the start of the season when in bottom spot - are currently 10th in the Scottish Premiership, five points clear of the relegation play-off place and eight ahead of Livingston at the foot of the table.

Other American owners in Scotland

Should the talks between Brown and the American buyer prove to be successful, St Johnstone would be the third top-flight club under US ownership.

Hibernian are owned by the Gordon family, with the late Ron Gordon acquiring a majority shareholding in 2019. Another American, Bill Foley, could join that ownership group next week if his bid to buy 25 per cent of the club is approved at the club's AGM.

Dundee are owned by American businessman Tim Keyes, while city rivals United - who are currently in the Championship - are owned by Mark Ogren.

Scottish Premiership and SWPL on Sky Sports



Please use Chrome browser for a more accessible video player













Take a look at some of the best strikes from the first half of this season in the Scottish Premiership, featuring Kyogo, James Tavernier, Lawrence Shankland and more!



Sky Sports - This season up to 48 cinch Premiership games will be available across Sky Sports' flagship channels, including Sky Sports Football and Sky Sports Main Event, plus at least five SWPL matches. From 2024/25, up to 60 cinch Premiership will be live on Sky Sports, in addition to the SWPL.

Sky Sports News - Running 24 hours a day, seven days a week, Scottish football fans can enjoy Sky Sports News' (channel 409) rolling editorial coverage of the cinch Premiership and SWPL throughout the season.

Sky Sports Digital - Follow all the latest from Scottish football across SkySports.com and app, including exclusive features and interviews, plus dedicated live blog coverage, in-game clips from matches live on Sky Sports and free highlights.

Sky Sports Social - Alongside coverage and visibility for the league across all Sky Sports' main social media channels, the bespoke X page (formerly known as Twitter) will continue to be the home of all Scottish football content on Sky Sports.

Highlights show - Tune in for a dedicated round-up from the cinch Premiership every week on Sky Sports Football.

Sky Sports is the home of domestic football in the UK and Ireland, with action from the Scottish Premiership, Scottish Women's Premier League, Premier League, WSL, EFL, and more.

Get Sky Sports on WhatsApp!







You can now start receiving messages and alerts for the latest breaking sports news, analysis, in-depth features and videos from our dedicated WhatsApp channel!

Find out more here...




Source: Sky Sports

Powered by NewsAPI.org