Oliver Ash and Paul Bowden-Brown agree Maidstone United takeover deal
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by Alex Hoad
The protracted takeover of Maidstone United has finally been
agreed after months of top-level talks between the Stones directors
and investors.
Shareholder Oliver Ash (pictured) - who pumped £100,000
into the club just over two years ago - will take over control of
the club from Paul Bowden-Brown who has been in charge for 19 years
after the demise of the original county town club.
Mr Bowden-Brown is set to walk away from the club - writing off
around £400,000 of personal investment - subject to the completion
of financial and legal documents and the signing of a contract.
Mr Bowden-Brown said: "It has taken hours of work to get us to
this point. Heads of Terms, subject to contract, were signed on
Wednesday.
"Oliver and I are very close to a conclusion and we will inform
everyone once we have finalised everything and agreed a takeover
date."
Thursday, September 09 2010
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