Connect with us

Featured

Accrington Stanley shareholders agree to takeover

Club backers vote in favour of Andy Holt bid with 70% majority

have a new majority shareholder after club backers’ approved a deal to clear debts.

Local businessman, Andy Holt, proposed to clear Stanley’s £1.2m debt by first paying £480,000 and an additional £580,000 to private creditors.

Holt, owner of the company who sponsor the side’s Wham Stadium, was voted in with a majority of 70% and will be one of five new board directors – current chairman Peter Marsden will remain at his post.

Stanley, renowned as ‘The Club That Wouldn’t Die’, left no doubt as to the significance of Holt’s interest.

“The current board have been keeping the club ticking over but Andy’s involvement is the best thing to happen to Accrington Stanley. He came on board as the club sponsor and has caught the Stanley bug,” said Peter Marsden.

Holt outlined both his immediate objectives and long-term plans for the Reds: “The big thing is clearing the debt,” he explained. “This way it is squared off and we can look at ground improvements, growing revenue and increasing the crowds. It won’t happen overnight but we are putting plans in place.

“This club needs help and we are in a position to help so why not? It will be good fun.

“If we can get rid of the debts and break even without winning Cup final then that would be a good achievement.”

Related Topics
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tackle the News

- Sign Up for our weekly Football League Newsletter Today!
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Best Betting Sites at Betinireland.ienew-UK-football-betting-sites-banner

More in Featured

  •

    Charlton Athletic toast dream Championship return!

    Charlton returned to the Championship after five years away with a gutsy victory over Leyton Orient, which saw them edge out their London rivals with the kind of resolute defending they have become renowned for this season.   The only goal of the game flew in midway through the half...

  • Saints march Saints march

    Saints march back to the Promised Land!

    By Hugo Varley Southampton bounced back to the Premier League at the very first time of asking as they edged out Leeds United in a gritty Championship play-off final. A sold out Wembley was a cauldron of noise throughout, with two sides who had battled at the top all season...

  •

    Our hearts, minds & souls can make up for lack of revenue!

    JOHN COLEMAN ON STANLEY’S UNDERDOG FIGHT By John Lyons He's too experienced to say it, but you get the feeling that Accrington Stanley’s impressive midweek win at AFC Wimbledon meant just that little bit more to John Coleman than usual. Stanley had been in the spotlight following chairman Andy Holt’s...

  •

    It’s sink or swim time for Robbo’s rookies

    John Lyons FLP EXECUTIVE EDITOR THERE were probably more than a few eyebrows raised when Ollie Palmer left AFC Wimbledon for Wrexham last Monday. It wasn’t necessarily that the striker was making a twostep drop from League One to the National League that stood out. It was the size of...