Tue, 26 Dec 2017 | BUSINESS SALE
After being relegated from the Football League for the first time in its 109 year-old history, Hartlepool United Football Club has been put up for sale.
John Blackledge, the current owner has apparently announced that he cannot take the club any further. In recent weeks financial problems have been unearthed by CEO Pam Duxbury. According to the club, these legacy issues have been left over from the reign of former owners JPNG.
A statement from the club reads: “The club needs more investment.
“Over the past few months the club has spoken to several interested parties. However, no firm proposals have been forthcoming, and the club now feels that the net needs to be widened beyond the town to attract the necessary investment.
“The club knew that relegation would present significant challenges this season, which it has. The club, its staff, supporters, the people in and around the town recognise that a successful and sustainable club is what the town needs.
“The club is excited and looking forward to the games over the festive period and recognise the fans have a massive part to play in helping us move up the table.
“The club would welcome expressions of interest from investors that are serious and committed.”
Meanwhile the club’s supporters have indicated they may be in the running to buy the club.
The Hartlepool United Supporters Trust have said in a statement:
“If a buyer cannot be found we need to explore the possibility of a Trust-owned club. This would involve high-level discussions around what working capital would be required to turn the club around from the current loss making business model. “We would also need to explore whether the current owners would genuinely want to sell to The Trust.”
“If the Trust ends up in a position where it has to step in we would host an immediate Public Meeting to discuss whether there is a genuine will within the fan base for this to become a reality, and what we would need to do to make it happen.”
Legal advisers Walker Morris Solicitors have been appointed to handle potential purchase enquiries.
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