Boardroom Update (September 4, 2018)

Yesterday evening, Chairman Richard Park joined Directors Steve Bellis and Jon Keighren for the Board of Directors’ latest meeting with the Stockport County Supporters Cooperative.

One of the main topics, as expected, was the current situation with regard to the possibility of investment. The full report of the meeting will be issued by the Coop in due course.

It must be noted that the current major shareholders continue to provide the necessary investment to ensure that we can provide a strong budget for the manager, as they have done for many seasons.

It is no secret that the club has been in discussions with more than one party interested in investment for some months. We welcome investment as long as the interested party/parties have the best interests of the club at heart.

In this respect, nothing has changed and discussions with two potential investors are ongoing.

We must be clear that no-one at the club is doing anything to delay these discussions or deter investment. Equally no-one at the club is looking for personal gain from any such investment. Both of the interested parties are, for differing reasons, progressing discussions with the club at a pace which suits their current circumstances.

It is too early to say whether agreement will be reached with either party but the club is and always has been open to the ‘right’ investment.

We will keep the supporters, through the Cooperative, informed of developments as and when appropriate, but in the meantime we will continue to manage the club sensibly to ensure that we remain an attractive proposition to potential investors.

It is worth noting that sincere investment interest has only materialised during the last ten months and this is a reflection of the fact that we have made great strides in terms of making the club an attractive proposition, by reducing debt and operating the club in a responsible manner.

Every director on the board is a County fan and will therefore always act in the long-term best interests of the club.

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