Preston North End owner Trevor Hemmings looks likely to add another football club to his portfolio of business interests.
Per the Lancashire Post, Irish Premier League club Cork City voted to give Hemmings the option to purchase the club for the incredibly cheap sum of €1.
The 85-year-old would have to take on the club’s debts should he decide to go through with the purchase, but there would likely be no issues considering Hemmings is a billionaire.
Hemmings has been allowed to pick Cork up on the cheap due to striking up a deal with the club earlier in the year, in which he helped the club pay off an outstanding tax bill.
This was done by paying the Rebel Army a sum of money to buy out the sell-on clauses to Alan Browne and Sean Maguire, the former of whom is out of contract at the end of this season.
Hemmings seems to have a vested interest in the city of Cork, so fans of the club will probably see this as a positive move.
But it’s the Preston fans who will arguably be more perplexed at this deal, considering Hemmings has been criticised by sections of the support for not investing enough in the team.
The North End faithful would obviously rather see the money that will be heading Cork’s way put back into the playing staff at Deepdale, especially when they feel star players such as Callum Robinson and Jordan Hugill haven’t been replaced adequately.
But the money Hemmings will be giving to Cork City is likely a drop in the ocean to what he uses to fund Preston, and for the measly sum of €1 it seems like an absolute no-brainer of a deal.