New Waterford owner pledges investment

Lee Power sells up — the buyer is UK-based company R & S Holding Ltd

22 September 2017; Waterford United owner Lee Power watches his team in action against Longford Town during the SSE Airtricity League First Division match between Waterford FC and Longford Town at the RSC in Waterford. Photo by Matt Browne/Sportsfile

Lee Power has sold his shares in basement League of Ireland club Waterford to a new owner Richard Forrest.

Mr Forrest – also an entrepreneur from England – earlier this year purchased a 33 percent stake in the club but has now completed the full takeover.