Glentoran investor Ali Pour and chairman Stephen Henderson attend a match at the OvalGlentoran have announced that they are now debt free less than two years after the creditor seized control of the Oval and locked the gates of the stadium. The revival was helped by a take-over last year by a consortium led by British-Iranian businessman Ali Pour. Glentoran chairman Stephen Henderson said it was a "monumental day" for the east Belfast club. "Today we stand on our own two feet in the external debt free daylight, having inch by inch clawed our way out of the abyss of debt over the last decade, a debt that crippled the club and threatened our very existence," he added. Family affair"We are humbled by the pulling together of the true Glentoran family and our investor to see us settle our debt with the final creditor.

Source: BBC February 04, 2020 06:33 UTC