We recognise the length of time since the announcement about investment at our Fans’ Forum last year and we thank you for your patience in waiting for further news. At the Forum we announced that Blackbridge had introduced us to an investor, and following yesterday’s Board meeting we can confirm that discussions to secure the long term future of our club by making us financially sustainable are now reaching their final stages with that investor.
We as a club are now working exclusively with this investor and so the Blackbridge role is completed. We thank Alexander Jarvis and his team for their hard work and commitment to our club.
The proposed transaction, fully supported by the Board, involves a number of parties and is complicated, time consuming and confidential and so we cannot give a timescale for its conclusion. We can assure you however, that we are doing everything we can to finalise it.
Any agreement by the Board would include the transfer of Peter Jordan’s majority shareholding, to be ratified by a Shareholder’s general meeting, which would be closely followed by a Fans’ Forum.
A further update will be issued in due course, and in the meantime no further comments will be made from the club.