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CLUB STATEMENT: Investment update dated 29 September 2016

29 September 2016

Investment update dated 29 September 2016

The main area of focus remains the long standing interest from a potential overseas investor.

Since our last update, we have continued the dialogue as we sought to make more progress and build on developments from August.

On 15 September 2016, the 1921 board of directors met and were fully updated. 

However, at that time we had yet not achieved the meeting in the UK which we all wished to see take place, though it had been pencilled in. 

We wanted that meeting to happen in order to be able to have a clear view of the position, and the way forward, and also to be able give a fuller and more meaningful update to supporters.

We are pleased to be able to report that the meeting has now taken place and, importantly, we have also agreed the next steps and a timetable for the process.  

Club Chief Executive Nigel Clibbens said: "As a result of recent events, and our face-to-face meeting which included a detailed discussion with the interested party, the directors, including the director representing CUOSC, have all agreed that we have seen the progress we wanted. 

"The approach taken by the Club was welcomed by the potential investor who again stressed the need for confidentiality in all ongoing discussions. We will continue to push forward with the next steps, as agreed at the meeting, and see where it takes us."  

As these matters progress we will continue to update supporters with any significant new information.

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