Two more enter the race for Blues ownership

This Is Local London: Two more enter the race for Blues ownership Two more enter the race for Blues ownership

STALLED talks over a takeover deal for Wycombe Wanderers has led to two more interested parties stepping forward.

Progress with a consortium who signed non binding heads of terms for a controlling stake in the football club a month ago has continued to be slow, to the frustration of Wycombe Wanderers Trust members.

When news of the deal first broke another interested party approached the Trust with its own plans.

An exclusivity deal with the original interested company was still active at that time - but it's now expired, paving the way for Trust members to speak to others.

And in the last week a third interested party has stepped forward with a view to taking a 75 per cent controlling stake in the club.

Trust chairman Trevor Stroud told the Bucks Free Press: "We are working to establish how genuine it is in terms of who they are. There's lots of people who have dreams and aspirations of owning a football club but don't have the means to do it.

"One of them appears to be legitimate."

Trust members will look to arrange meetings with supporters to allow the groups to put forward their plans for the club if their interest is deemed to be legitimate.

Stroud said talks with the initial interested group - which first approached the Trust in November - continued to be frustrating.

He said: "There have been continuing negotiations but it seems to be a case of one step forward and one step back.

"From the Trust point of view it's good there are other interested parties now and we are not in the hands of one particular party. We are now in a situation where they may be under pressure to be decisive, which they have so far failed to be."

Meanwhile Trust members were last night contacted about a planned share scheme that it's hoped will raise up to £2million for the club over the next five years.

The takeover of the club needs to be approved by at least three quarters of the Trust's Legacy members and the fundraising scheme is seen as a Plan B in case the proposals from any of the interested parties are unacceptable.

Members were asked to give an initial indication if they wanted to contribute to the fundraising.

The Trust has said full details of how the scheme would work would be revealed in around eight weeks' time, subject to approval from HMRC.

Comments (1)

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11:20pm Sun 16 Mar 14

true blue says...

Can't see anyone wanting to invest in a club that is so close to
going into the conference.
Can't see anyone wanting to invest in a club that is so close to going into the conference. true blue
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