Skip to main content Skip to site footer
Club News

CLUB STATEMENT: Dated 2 June 2015

2 June 2015

Club statement dated 2 June 2015

Chairman Andrew Jenkins says the Club is continuing to make progress in its negotiations over a proposed new investment.

Further talks and communications have taken place on several occasions throughout the last fortnight between the potential investor's agent and directors of CUFC Holdings, which owns 93% of the Club.

Within that period, the Club has provided more detailed and specific information about its structure and about the operations in place at Brunton Park, as had been requested.

Both Mr Jenkins and the Club's Managing Director John Nixon have already spoken to the individual, who has asked for a confidentiality agreement during negotiations. They have also met his agent, who has been to Brunton Park for talks and whose associate has visited Brunton Park on a further two occasions.

A meeting with the potential investor is being scheduled to take place in the UK on the earliest possible date to fit in with his international business commitments once all the requested information has been examined.

Mr Jenkins said: "There is not a lot we can say at the present moment but we are endeavoring to keep our supporters informed as much as possible.

"We’ve had several contacts with the individual's agent this last fortnight over putting together a proposal and they have been seeking clarification on specific issues and requesting additional information.

"We are pleased with what both sides have done so far but these things take time and we remain in negotiations for what would be a substantial investment in the Club over a prolonged period of time, rather than a straight cash injection.

"Once this latest information has been worked through, the next step will be to try to arrange a meeting with the potential new investor himself. We are ready to do that. It is just a question of time and logistics for getting the two parties together."

Both Mr Jenkins and Mr Nixon are attending the Football League's AGM in Portugal tomorrow (WEDS) but he stressed that this would not restrict negotiations over the club's future investment.  

Meanwhile, the appointment of a new Sales & Marketing Director is moving forward, with an appointment due to be made shortly.

Advertisement block