Kuwaitis turn their attention to Ebbsfleet

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Kuwaiti European Holdings Company (KEH) have turned their attentions to Ebbsfleet United.

The Kuwaiti investment company were involved in advanced talks at Eastbourne Borough and promised to invest ‘substantial funds’ before talks broke down.

Ebbsfleet United have entered into negotiations with the company and the club are said to be in desperate need of new investment having lived hand to mouth for the last few years under the ownership of internet membership group MyFootballClub.co.uk.

An Ebbsfleet club statement read, “These negotiations are subject to due diligence and shareholder representatives’ approval as well as a vote of all current members of MyFootballClub.

“Approval will require a 75 per vote in favour by all those voting.

“Until these matters are further progressed no additional comment will be made.”

The side were relegated from Blue Square Bet Premier in April after finishing 23rd in the table, 15 points adrift of safety.

They recently settled a tax bill with HM Revenue and Customs but are reported to still owe in excess of £25,000.

KEH were in talks with Borough for six-months and signed a terms of aggreement contract before backing away from the deal stating it was not ‘financially viable.’

KEH also pulled the plug on a proposed £350 million waterpark development in Newhaven last week.

See Friday’s Herald for the latest news on Eastbourne Borough