Chairman Edin Rahic Looking For Valley Parade Exit
Bradford City joint-chairman Edin Rahic wants to leave the Valley Parade club and sell his twenty-two percent shares that he purchased for £5 million with Stefan Rupp in 2016. The team are currently bottom of Sky Bet League One with the worst record of any club in the four professional divisions this calendar year.
Sources close to the club claim Rahic is set to begin negotiations with Stefan Rupp about selling his shares in the club and returning with his family in Germany. In September this year he issued an apology to supporters for the club’s plight saying, “I feel responsible and accept I am open and perhaps deserving of some of the criticism which has come my way.”
Rahic and Rupp are on their fifth head coach in 12 months having sacked one of the club’s greatest names Stuart McCall in February with the team inside the top six. The Rahic era has also seen the departure of Simon Grayson, caretaker manager Greg Abbott and youth team coach Michael Collins who did not even apply for the job. The former Livingston boss David Hopkin is currently in charge but unrest behind the scenes has seen significant staff turnover throughout the club.
It is now understood that Rahic wants to leave, but the terms of exit are complex. Sources close to the club said, “It’s a matter of when and not if Edin will leave the club, it is a very difficult situation which is complicated by the shareholders’ agreement and Rahic’s employment contract.” Rupp is understood to be committed to Bradford City long-term and it is unlikely Rahic’s departure will result in a full sale to a new owner.
Rahic is still listed on Companies House as a director of the club, he previously arranged for a group of 17 German investors to attend Bradford’s Sky Bet League One game against Oxford United, but was not at the club to host them. Rahic is said to be in Germany at the moment, but his wife who works as club secretary has been seen at the club in recent days. A spokesman for the club said that Rahic remains in charge at Valley Parade and there is no chance in the senior management.