An American firm have invested in ambitious EV2 Sheffield & Hallamshire County Senior League outfit Wakefield AFC.
V02 Capital, a Connecticut-based family office, will have the option to acquire a majority stake at a future date.
Guilherme Decca, the Brazilian-American founder and CEO of VO2, will join Mike Hegarty and former Sheffield Wednesday manager Chris Turner on the club’s board of directors.
The new investment of an undisclosed amount will allow Wakefield to continue expanding its football operations, education programs, youth Academy, and women’s teams. The investment amount was not disclosed.
As part of the deal, VO2 Capital will also sponsor a new Football Performance Department that will work both on performance on the field and analytics for scouting and recruiting.
Mr Decca said: “it is a dream come true to get involved with Football in the UK. Being born in Brazil, Football is part of my DNA, and I’ve been following English football since the exploits of Gazza and co in Italia 90. Platt’s goal against Belgium is still one of the most exciting moments I’ve experienced in Football.
“In Wakefield, we found not only a big city without a club in the Football League but also a fantastic group of people working for the club, strong volunteer support, and no legacy issues that one would encounter in so many clubs in divisions above ours.”
Regarding the club’s goals, he added: “We want to build a serious and ambitious Football operation while still maintaining community and fan participation. We recognize there’s a long way to go until we get to the level we want to be.
“However, we believe that a well-run club with community shareholders, partnerships with local businesses, no leverage/debt, and investment in data and performance analysis can grow fast and, more importantly, in a self- sustainable way.”
Mike Hegarty, the club’s owner, added: “We have a very special project here. Wakefield is a city of over 335,000 people and is by far the biggest city in the UK not to have a professional football club. We started the long journey of solving this matter a couple of years ago and have made great progress.
“The involvement of VO2 Capital and their financial support has been fantastic for the Club and the City so far. However, it is their enthusiasm for the project that is the most compelling factor for us. We are firmly of the belief that the development of Wakefield AFC will soon reach all parts of the football world.”