Maidstone United takeover could be complete within days as fresh talks take place following Lashings deal collapse
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by Alex Hoad
Maidstone United could be in new hands within days after fresh
takeover talks began after the collapse of negotiations with
Lashings.
Stones chairman Paul Bowden-Brown has been "burning the midnight
oil" with leading investor Oliver Ash and it is believed a deal
which would allow the Paris-based businessman to take control could
be sealed next week.
The deal would probably see Mr Ash replace Mr Bowden-Brown as
chairman with general manager Bill Williams taking over the
day-to-day running of club affairs.
Mr Bowden-Brown has agreed to write off his own investment in
the club –believed to be around £400,000 – which he has put in
since taking over the Stones in 1992, as well as further funds put
in by his son Richard over the past six months.
Mr Bowden-Brown has also reduced the value of his shareholding
to nil in a bid to smooth the path for a takeover.
In his programme notes for Saturday home game with AFC
Hornchurch, Mr Bowden-Brown says: "Since Sunday I have spoken in
great detail with Oliver and Bill with regard to the options
available to us to make sure the continued future of our great
club.
He added: "The shareholders are looking at what further
arrangements can be agreed so that a way forward can be reached
quickly to satisfy us all and work within the FA guidelines.
"Whatever happens, be assured we are burning the midnight oil to
make sure we find a satisfactory conclusion to this matter, all
based on what is best for the club and its supporters and not on
individual needs or demands."
What do you think of the latest developments? Have your
say below.
Thursday, September 02 2010
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