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A view of Oriel Park. Laszlo Geczo/INPHO

American fund Peak6 give up control of Dundalk in sale to local consortium

The club are back in local hands after their at-times dysfunctional ownership under Peak6 came to an end.

DUNDALK FC ARE once again in local hands as a consortium has agreed to purchase the club from American investment firm Peak6.

The consortium is understood to involve former owner Andy Connolly along with the successful sports technology firm StatSports. The new owners say their priority is to strengthen links with the local community. 

Peak6 had a stake in Premier League club Bournemouth when they purchased the club in 2018 and Dundalk won two Premier Division titles, two FAI Cups and qualified for the Europa League group stages under their stewardship. 

Stephen Kenny was in charge when they first took over, and assistant Vinny Perth was promoted to the managerโ€™s role when Kenny left for the FAI at the end of the 2018 season. Perth won the league in 2019 but was sacked the following year and replaced by little-known Italian coach Filippo Giovagnoli, whose background was in academy coaching and had never taken charge of an adult team before.

He nonetheless won the FAI Cup and guided the club through a Covid-shortened qualification campaign to the Europa League group stages last year. 

Giovagnoli, however, did not have the necessary coaching qualifications to be employed as full-time manager, so a compromise was arranged in which video analyst Shane Keegan was appointed manager with Giovagnoli nominally serving beneath him. 

Giovagnoli was then sacked this year, and after recently-appointed Sporting Director Jim Magilton took temporary charge, Perth was installed as manager once again.

While trophies were delivered in the ownershipโ€™s early days, their latter years were beset by dysfunction and in spite of a very strong budget relative to their competition, have faded far from title contention in the last two years.

There has been major upheaval at the club too, with several administrative and coaching support staff walking away. Stalwart players have left too, with Chris Shields signing for Linfield halfway through this season, while Michael Duffy and Patrick McEleney have signed to play for Derry City next year. 

Dundalk fans regularly arranged protests against Peak 6 across the last two years. 

a-view-of-protesters-outside-oriel-park-ahead-of-the-game Dundalk fans protest the ownership of Peak6. Tommy Dickson / INPHO Tommy Dickson / INPHO / INPHO

The arrival of new owners offers the club the prospect of much more stability ahead of next season, with all senior players except Andy Boyle currently entering the final weeks of their contracts. 

โ€œWe are incredibly proud of all we achieved with Dundalk FC over these past several years,โ€ said Matt Hulsizer, co-founder and managing partner of Peak6.

โ€œWe purchased Dundalk FC in 2018 because we love football and saw the potential to reinvigorate the team through an influx of capital and strategic leadership. During our tenure, we had the opportunity to get to know the town, the club, and most importantly, the passion that local fans have for the club.

โ€œThatโ€™s why weโ€™re so pleased to have found a group of buyers who have local ties and a deep-rooted history with Dundalk FC. I have no doubt they will continue to support the success of the club going forward, and we will continue rooting for the clubโ€™s success right alongside the fans.โ€

Peak6 recently invested in Premier League side Wolves. 

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    Mute martintim
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    Mar 13th 2015, 7:47 AM

    Aul Pele talks a lot of shi*#e most of the time in fairness

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    Mute Don Draper
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    Mar 13th 2015, 6:25 AM

    Dementia must be setting in

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    Mute Dave O'Hanlon
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    Mar 13th 2015, 10:13 AM

    Pele before the 1994 World Cup: โ€˜Watch Columbiaโ€™(They were on the first plane home), โ€˜An African Nation will win the world cup before the end of the century(Not sure he realised there was only one more world cup between 1994 and the end of the century)

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    Mute Gearรณid Daly
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    Mar 13th 2015, 7:13 AM

    Marodona is better than pele. No reason

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    Mute Mark Noonan
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    Mar 13th 2015, 7:19 AM

    Who did marodona play with?

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    Mute AARO-SAURUS
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    Mar 14th 2015, 11:57 AM

    Sligo rovers?

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    Mute foxyfonz
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    Mar 13th 2015, 9:34 AM

    In 1994 he said Norway would win the World cup.

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    Mute AARO-SAURUS
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    Mar 14th 2015, 12:03 PM

    When we all know it was north Korea. Theyโ€™ve won every one before, and every one after. Our dear leader said so.

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    Mute Sergeant Yates
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    Mar 13th 2015, 8:28 AM

    Go Home Pele youโ€™re drunk.

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    Mute Robert O Farrell
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    Mar 13th 2015, 9:16 AM

    Yes heโ€™s an icon for his playing ability but no one takes any notice of what this fella says. He never makes any sense. Neymar is becoming world class and should become a great player. But he will never even touch the levels of brilliance Messi hits on a bad day.

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    Mute Masterofgamz
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    Mar 13th 2015, 8:20 AM

    Ronaldo is better

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    Mute pjm
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    Mar 13th 2015, 11:38 AM

    Pele is a clown, he seems to think that you cannot be judged as the greatest if you donโ€™t win the World Cup, even though it only comes around every four years and most players arenโ€™t fortunate enough to be born German or Brazilian. The man is just clutching at straws, the greatest show on earth is the Champions League but that bitter old fool just canโ€™t accept it because he never played club football out of the Americas.

    Maradona was better than Pele anyway but surely now Messi and Ronaldo deserve their place at the very top of the greatest footballers ever.

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    Mute Cathal O'Donoghue
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    Mar 13th 2015, 11:01 AM

    Canโ€™t help wondering whether the great man actually watched the World Cup. Messi had some great moments while ronaldo was a petulant child on the greatest stage. I know he was injured but his attitude was awful.

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    Mute Narf Sinktaw
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    Mar 13th 2015, 8:16 AM

    Nasser Al Shamrani well be best player this year

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    Mute Kieran Fogarty
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    Mar 13th 2015, 10:28 AM

    He also said that Emre would become one of the best players in the world.

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    Mute Jb Sonam
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    Mar 13th 2015, 1:21 PM

    Messi is king of football and father of penaldo
    โ€ฆ..

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    Mute Genesis
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    Mar 13th 2015, 12:53 PM

    That relic is still hanging around??

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    Mute AARO-SAURUS
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    Mar 14th 2015, 12:01 PM

    I donโ€™t think itโ€™s right to say โ€œRonaldo is better than Messiโ€ or visa versa. They are both amazing players. Two of the best to ever grace the game. To say one is better than the other is nuts. They are two different types of brilliant.

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    Mute Micheรกl Seamus Xavie
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    Mar 13th 2015, 8:17 PM

    Pele would want to shut the F up

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    Mute Patrick Shields
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    Mar 14th 2015, 1:49 AM

    He had El Hadji Diouf in his top 100 as well

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