Deal to secure Chesterfield FC's future close to being agreeed

Chesterfield FC say the future of the club is close to being secured following the conclusion of negotiations with four former directors who resigned from the board last month.
By The Newsroom
Published 9th Dec 2016, 14:28 BST
Updated 14th Dec 2016, 13:33 BST

The club have revealed that a deal has been agreed in principle over the debentures held by the quartet and it is expected to be finalised soon

Ashley Carson, director and company secretary, told the club’s official website: “I am delighted that we have been able to bring talks to a satisfactory conclusion as there was a very real possibility of the club going into administration, which would have been disastrous.

Hide Ad
Hide Ad

“I can also confirm that following discussions with majority shareholder Dave Allen, he has agreed to make funds available to the club in order that the business may proceed in a normal fashion until such time that a suitable investor can be found.

“The club will only be sold to someone who will satisfy not only Mr Allen’s requirements, but also the long-term best interests of the club.”

“I am delighted that we have been able to bring talks to a satisfactory conclusion as there was a possibility of the club going into administration.

The deal is subject to legal documentation being completed and a joint statement will be issued upon completion of the agreement.