Hamilton Accies set for 'major investment' after extraordinary meeting held

dailyrecord.co.uk:

Hamilton Accies have drawn up a plan aimed at bringing major investment into the club after shareholders passed resolutions at an Extraordinary General Meeting today.The New Douglas Park club's plan is to raise investment funds from a number of individuals, which will dilute chief executive Colin McGowan's controlling interest and leave the club with a number of shareholders, who will each hold only a minority of shares.McGowan says the plan is dependent on previous interest in the club coming to pass, but says it could restore their fortunes and adds that it means no one person is in control of the club.He said: "Hamilton Accies was formed in 1874 and became a limited company on the Auugust 7 1903, when a group of local businessmen came together to create footballing opportunities for all skills and ages."This has continued as we now have one of the most successful and highly regarded academies in Scotland and the money raised from this proposed investment will be targeted at its development."This will form the base of a long term and sustainable recovery of the team’s fortunes."Today’s show of support from shareholders is fundamental to allow the club to return to a position where no one person is in control, representing what the original founders created.“This of course is dependent on the club converting the interest which it has received into actual and substantial investment.”Follow Lanarkshire Live Sport onTwitter via@LanLiveSport, like us onFacebookor find us onInstagramfor the latest sports news, pictures and video.