Geoff Brown has announced that he will be selling his majority stake in St Johnstone and will donate the net proceeds to the community trust. The choice was made a day after his son Steve Brown said he will leave his position as chairman at the end of the current season. Geoff Brown, the owner of a building company, purchased the club in 1986 and served as chairman until Steve took over in 2011. If a sale is not completed by June 1, the majority shareholder will take back the chairmanship; nevertheless, he is hoping to transfer ownership of the club before that date. During the Brown family’s reign, the Saints moved to a new stadium, won their first three major trophies, made multiple trips to play football in Europe, and spent the most time in the top division.
“It has been a labor of love with the main goal of maintaining the football club’s stability and financial viability while continuously aiming for success on the field,” St Johnstone owner Geoff Brown said. “In order to benefit the football team and the neighborhood, it is my desire to use the net earnings from the sale of my shares to fund the construction of a community center for the St Johnstone Community Trust.”
“My ownership of St. Johnstone Football Club has never been about the money, as those who know me well can attest,” he added. “Even though it wasn’t without its share of difficulties, I will always have good memories of my 37 years as St. Johnstone Football Club’s primary shareholder. With the construction of the community hub, I hope to leave a lasting legacy that many people will be able to enjoy for years to come.”
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