Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

EXCLUSIVE: Raith Rovers takeover bid ‘on hold’ as Hong Kong-based investment firm accuse Stark’s Park club of leaving players in limbo

Raith Rovers are welcoming investment. Image: SNS.
Raith Rovers are welcoming investment. Image: SNS.

Prospective Raith Rovers buyers Silverbear Capital say their bid to acquire a controlling stake in the Stark’s Park club is “on hold” following talks with club owner John Sim.

The Hong Kong-based investment firm, led by Peter Chun, are keen to purchase the Championship club and have held in-person discussions with chairman Steven MacDonald and Sim.

Former Scottish FA chief executive Gordon Smith is also involved in the consortium.

The group claim to have carried out two months of due diligence and brokered transfers that would have seen two free agents, a Swiss international and a loan star from “one of the top clubs in world football” arrive in Kirkcaldy.

However, negotiations reached an impasse on Wednesday, with the group citing “a lack of corporate social responsibility by the Management”.

MacDonald, left, with Rovers owner John Sim. Image: SNS.

A statement given to Courier Sport read: “It is with regret that we are announcing, following two months of applying due diligence, further discussions regarding the acquisition of Raith Rovers are now on hold.

“Our representatives were present at Stark’s Park and had talks mainly with the chairman, and some with owner John Sim.

“The reasons for this are shortcomings and lack of corporate social responsibility by the Management.”

Not acceptable

They added: “Further, the way players, who were introduced by Gordon Smith and James Carlin were not employed despite the fact that a verbal agreement to sign them was in place, is not acceptable, as this actually stopped them having talks with other interested clubs.

“We hope to resolve these issues, so the talks can resume.”

Raith Rovers owner John Sim.

Speaking earlier this week, MacDonald confirmed other interest from Scotland and the United States as Rovers seek much-needed investment.

Discussing Silverbear Capital’s interest, he stated: “We should know by Friday if there is something going to be tabled to John as a shareholding deal or whatever.”

Courier Sport has approached Raith Rovers for comment.

Conversation