Raith Rovers takeover talks with John Sim have broken down. Images: SNS.
The latest Raith Rovers takeover talks have broken down, Courier Sport can reveal.
Opening discussions took place recently between owner John Sim and a member of a consortium interested in buying him out.
However, the group of local business people have now walked away after negotiations hit a fundamental stumbling block, which it is understood isn’t finance related.
The consortium remains keen to purchase the Stark’s Park Club – and has the necessary funds in place – but if talks are to be revived the ball is in Sim’s court.
Previous Raith Rovers buy-out bid ‘dead in the water’
Towards the end of last year he appealed for new investment, with Rovers running at an annual average operating loss of £150,000.
Hong Kong-based investment firm Silverbear Capital were the first group to express an interest but in January that deal was described as “dead in the water” by Raith chairman Steven MacDonald.
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EXCLUSIVE: Raith Rovers takeover talks break down as consortium walk away from negotiations with owner John Sim
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