Richard Walsh
| Richard Walsh | |
|---|---|
| Born | Richard Jeremiah Walsh 12 October 1971 |
| 💼 Occupation | Sports agent, financier and sporting investor |
Richard Walsh is an Irish sports agency executive, financier and sporting investor, and president of FC Stumbras.
Early life and education[edit]
Walsh graduated from University College Cork with a bachelor's degree in Law.
Career[edit]
Since 2013, Walsh is head of operations in British sports agency E3 Sports.
In 2016, Walsh led the takeover of the FC Stumbras football club, based in Kaunas, Lithuania. The other investment partners were Portuguese coach Mariano Barreto, E3 Property and E3 Sports agency co-shareholder Mark Lenher and football club management specialist Carlos Olavo Mesquita da Silva.[1] The investors identified Lithuania as the perfect place to train players and sell them off with a profit.[2] Their business model was to build a talent factory, and achieve profit by selling players abroad. After looking at opportunities in Portugal, the pair turned their attention to Lithuania, which has one of the lowest minimum wage requirements in Europe and where half the top league's eight teams typically qualify for continental competitions every year.[3] Although low profile, the first international transfer took place in 2018-2019 season winter transfer window, 18 year old Vilius Armalas signed up for S.L. Benfica.[citation needed]
In June 2019, FC Stumbras was reported to be in a difficult financial situation. The club was stripped of its UEFA license, preventing the participation in the UEFA Europa League competition. Richard Walsh protested by withdrawing the team from the league game, and tweeting through official club Twitter account "FC Stumbras will not play our A lyga game today. This is due to lack of support and engagement from the LFF in these challenging times for our Club."[4]
Talking about football industry in an interview, Walsh said "I can’t say I have found more difficult people than people in the football industry, I find them anything but truthful and straightforward."[3]
References[edit]
- ↑ "Kauno "Stumbras" pristatė naujus klubo savininkus ir vadovus".
- ↑ "Vilius Armalas - the Stumbras Project Starts to Pay off". 11 January 2019.
- ↑ 3.0 3.1 Panja, Tariq (30 August 2018). "At Transfer Time in Lithuania, Prospects and Profits Collide". The New York Times. Retrieved 20 June 2021.
- ↑ "Finansinių problemų kamuojamas "Stumbras" atsisakė žaisti a lygos rungtynes". 15 June 2019.
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