R3bn lotto winner buys favourite club

A man has completed a takeover of a club he supports after winning a staggering R3 billion from the EuroMillions lottery.

Collin Weir, 71, a life-long supporter of Scottish Championship outfit Patrick Thistle, won £161m in total back in 2011 and has now bought a majority stake in the club.

According to Sky Sports, he's invested £2.5 million of his £161m prize money to acquire a 55 percent stake in the Glasgow-based club.

It's been reported his intention is to offer the club back into a new fan shareholding entity currently being developed within the next five months.

"Thistle for Ever planted the thought of fan ownership as a real option in my mind," Weir said, as per ESPN.

"But this has all happened quicker than anyone might have anticipated. That's why I have offered a three-to-four-month window for fans to get everything in place before handing over shares.

"They want to get it right and I want to be sure that when the new entity is operational, there is a structure that will allow for a smooth transfer of ownership.

"This is a major financial commitment on my part as fan owners will not need to repay a penny -- but I believe this gives fan ownership the best possible start."

Weir has also revealed that he's bought the Firhill Stadium that was sold a decade ago and plans to open a youth academy.

comments