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Club News

CLUB STATEMENT: Investment update

11 August 2016

Update from the Chief Executive on overseas investment

At the recent Fans’ Forum, the Club’s Chairman Andrew Jenkins and club directors discussed investment. 

He outlined the steps that would be taken to move the process forward.  

Club Chief Executive Nigel Clibbens said today: "Since our last update at the forum we have written to the potential investor from overseas regarding further practical next steps we required, and timing to move the process forward.  

"Things have since progressed in a substantive way, and the steps forward we wanted and needed to see made have taken place.

"Importantly this includes new steps and their timing going forward. This is encouraging and it moves the process on.  

"Accordingly all Club directors, including the director representing CUOSC, have been updated and we all agreed that in the light of this new and welcome progress we should continue our discussions - and do so on the same confidential basis as before.  

"We felt it was important to provide an update to supporters, as we said we would, and we will do so again after we progress matters going on from here."

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