American backing for Alty
1 Feb 2023 11:48
Published by:
Scott Callan
AN American investment group has purchased a minority interest in Altrincham football club.
The club has announced that Valcor Ventures LLC, based in Texas, has made the investment in the National League club in its first foray into the sport.
The group’s managing director Alberto Valdes has also joined the football club’s board to help “drive business strategy” alongside Altrincham’s existing directors.
Speaking of the group’s investment, Valdes, who is also president and chief executive at at Hill Country Foodworks in Texas, said: “It’s not often that an opportunity becomes available to invest in a 131-year-old professional football club, and we are excited to join the journey with Altrincham FC’s fan base, players and the wider business.
“Our group brings experience in various industries, and we hope to bring this value through to the club over the coming years.”
Bill Waterson, co-chairman at Altrincham FC, said: “We have been in discussions with Alberto and Valcor Ventures LLC for many months, and we are extremely pleased that the deal has now been finalised.
“Alberto not only believes in the vision of our club, but he brings with him a wealth of expertise.
“Having someone with his calibre and experience join us is an incredible moment for the club as we enter into the next phase of our journey.”
He added: “At this time, we would also like to thank Chris Hamlett, who has decided to step down from the board. We thank him for his contribution to the club over the last couple of years.”
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