The unpredictable world of football threw up an interesting story for Eastbourne Borough this week.
Takeover talks with a Kuwaiti investment firm had rumbled on behind the scenes for six months but fell through at the last minute.
Kuwaiti European Holdings (KEH), the company who recently invested £1.5million into the Ambassador Hotel and are involved in a project to build a £350million water park and hotel complex in Newhaven, were all set to pump serious funds into the Priory Lane club who compete two tiers below the Football League.
A figure was never made public but the ‘substantial amount’ was said to be enough to revamp the stadium and take the club into the Football League.
Following the club’s relegation from the Conference premier in 2011 they have endured two relegation battles, falling attendances and without investment, risk treading water in the Blue Square South for a few more seasons.
The club’s rise from County League football, thanks to chairman Len Smith and his committee, was built on steady foundations and a solid business model that has seen the them remain financially sound in the harshest of financial climates
Smith will always have the best interests of the club at heart and it’s a shame the two parties could not reach a satisfactory agreement. It’s impossible to predict the long-term future of a club after a football takeover but with Middle Eastern money backing the club - it would certainly been one hell of a ride for Borough fans who have had little to cheer in recent seasons.