Island company wants to buy European football club

An Island management consultancy firm says it's looking for investors to buy a top-flight football club in Eastern Europe.

Global Management Consultancy Limited, which has registered offices in Victoria Road in Douglas, says it's setting up a special purpose vehicle company to invest in football.

It says it's looking for serious fans and investors, and is looking to buy 90 per cent of a top-division club in Eastern Europe for around £2.1 million.

It hasn't yet publicly identified the side it's targeting, but is inviting would-be investors to get in touch.