A CONSORTIUM of investors shook hands on a deal to take a controlling interest in East Fife Football Club on Monday evening.
The East Fife Mail revealed on its social media outlets some weeks ago that discussions to take over the club were at an advanced stage.
On Tuesday morning it was confirmed to a reporter that the group had reached an agreement to buy around 55 per cent of the club.
The identities of some of those involved have been asked to remain private by the investors at this stage, which the Mail has respected.
However, it can be confirmed that the club’s physio Brian McNeill and Levenmouth based businessman Lee Murray are involved in the consortium.
Mr McNeill has been a prominent part in the Methil club setting up a highly acclaimed youth academy at Bayview.
The club has several full time youngsters at Bayview who train throughout the day in Methil.
It’s expected that further announcements will be made as the week progresses on issues such as playing staff, with it also believed that a new management team is in place for next season.
All of the East Fife first team squad were out of contract at the end of last season but some of those are expected to return for the new campaign.
The current make up of the East Fife board is also likely to change in the coming weeks as the new consortium implements its ambitions for the club.
Negotiations to buy the controlling stake in the Methil club have been going on for some months.
Next season is already shaping up to be an exciting one for the Fifers with both Glasgow Rangers and Kingdom rivals Dunfermline Athletic amongst the competition in the Second Division.