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Trust statement on changes to ownership structure

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« on: March 30, 2018, 10:18:43 am »

The Supporters' Trust welcomes the news that David Bower and Kelvin Thomas have re-acquired the shares which had been purchased by Chinese investors 5USport last summer.

The Trust met with Kelvin and other club officials yesterday afternoon and were fully appraised of the situation in respect of the club’s ownership and why it was felt necessary to take this step.

Following a full and frank discussion, we believe the return of the shares is in the best interests of safeguarding the immediate future of the football club.

The Trust has, for some time, had concerns about the viability of 5USport’s investment – we are fully supportive of this course of action and we will be happy to address any concerns raised with us.

We also discussed the need for longer-term investment in the football club and the position with regard to the East Stand development.

But we agreed that these were topics that should be explored more fully at a later stage – and that presently the clear focus needs to be on keeping the club in League One and getting fully behind the team, starting with this afternoon’s home game against Charlton Athletic.
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