“The injection of capital into the club will enable us to move ahead with a number of projects [that] will enhance our community and commercial offerings, like 3G pitch installation and WiFi improvement,” Palios said in a statement published on the club’s website.

“The new investment would also help us to reduce some of the debt incurred during our period in the non-League and to allow for some increase in the playing budget.”

The new Indonesian investor is Santini group, a business umbrella with a collection of companies active in the automotive industry, real estate development, financial services and infrastructure. The group was founded by Sofyan Wanandi, one of Indonesia’s leading tycoons, and is run by Lukito Wanandi, Wandi Wanandi and Paulus Wanandi.

Palios acknowledged that the partnership was made possible through his friendship with Simon Nainggolan, another Indonesian businessman who is also close to the Wanandis. Later on, he added, Simon would also serve as a bridge for the club and the international business community.

Through Simon, both Palios and the Wanandis have met to discuss their new joint venture. During a meeting with The Jakarta Post in June, Simon said both parties had seriously considered several options on how to introduce the Tranmere Rovers to the local soccer landscape.

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