Acun Ilicali to cut his losses and walk away without recouping investment from takeover five months ago.
David Sneyd SHELBOURNE’S IRISH DIRECTORS are set to regain control of the club from Turkish millionaire Acun Ilicali before the end of this week.
Advertisement It is believed that his takeover, almost five months ago to the day, came with a view to injecting €3 million into the League of Ireland side. A substantial amount was presented up front for a 60 per cent stake but it is understood that the deal which is close to being confirmed will not require any money to be paid back, with some of the cash still in the bank to remain.
Effectively, Ilicali is happy to walk away from Shels and cut his losses in a deal that has been described as amicable.
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