The statement said: “His sole motivation in considering this investment is to advance the cause of Shamrock Rovers.

“Mr Desmond is especially interested in supporting Shamrock Rovers’ ambitious plans to further develop the club’s Academy and building on the very strong foundations laid by the club in recent years.

“Mr Desmond sees any involvement with Shamrock Rovers as being more akin to a trustee than a shareholder.

“He believes that the proposed investment would put the club on a sound financial footing, providing stability to allow the long term benefits of the club’s Academy plan to bear fruit and to afford Shamrock Rovers the continued opportunity to credibly pursue success on the pitch.”

The group of fans who own 75% the club have been provided with the information on the proposed deal and will shortly convene a general meeting to formally vote on accepting or rejecting the proposals.

The statement concluded: “Should the proposals be accepted by the membership, the new ownership structure of Shamrock Rovers will be made up of the Members Club (50%), Mr Ray Wilson (25%) and Mr Dermot Desmond (25%).

“There will be no further comment by any party involved in the discussions until after the general meeting.”