Foreign investment now reaches into the second level of the non-league pyramid with Kuwaiti firm KEH Sports Ltd. acquiring Ebbsfleet United. A subsidiary of the Kuwaiti European Holding Company, they have been advised by former Charlton Athletic chief executive Peter Varney.
Foreign investment now reaches into the second level of the non-league pyramid with Kuwaiti firm KEH Sports Ltd. acquiring Ebbsfleet United. A subsidiary of the Kuwaiti European Holding Company, they have been advised by former Charlton Athletic chief executive Peter Varney.
This marks the end of the unsuccessful MyFootballClub experiment at Ebbsfleet which allowed fans to influence decisions. MyFootballClub will receive £17,500, plus 10 per cent of the £139,000 owed them by the club. The Kuwaitis will provide a £100k transfer budget and £8k a week for wages, a substantial amount for the Conference South. All ordinary trade creditors will be paid up.
Originally Gravesend & Northfleet, the club shares the name of the nearby major railway station. The area is a developing one and clearly the club has unrealised potential. A new stand will be provided at the ground.