ATHLONE TOWN backer Nick Giannotti has expanded his interests by buying a stake in Larne.
Giannotti and Eric Perez will join the board of directors at Inver Park after Redball Global acquired Kenny Bruce’s 50 percent holding in his hometown club.
The American confirmed his involvement in Athlone just last week, stressing his wife’s Cork roots, without providing the sort of clarity on ownership which came with the Larne announcement.
Giannotti is already a director at Plymouth Argyle whilst Canadian Perez is the owner of Truro City who have won promotion to the National League.
Giannotti said: “It’s very exciting to join a club with a great community, a great ground, great partners, and more. Together I expect glorious days ahead.”
It is unclear what sort of interaction there might be between the various clubs. Other multi-club models such as the Trivela Group’s owning both Walsall and Drogheda United and Waterford’s link-up with Fleetwood Town have seen significant traffic between sister clubs.
Trivela’s acquisition of Silkerborg ultimately cost Drogheda a place in European competition, earned on the back of their FAI Cup win.
The American company failed to take the necessary steps to comply with Uefa’s rules around ownership to allow both clubs compete in the Europa Conference League.
As Silkeborg finished higher in the Danish League than Drogheda did in the League of Ireland, they got the nod to take part.
