A deal has been agreed in principle for a takeover of Chesterfield FC by the club’s Community Trust.
Majority shareholder Dave Allen has entered into a period of exclusivity with Chesterfield FC Community Trust (CFC Trust) to enable CFC Trust to carry out due diligence. This is with a view to acquiring Allen’s interest in the club ‘on the basis of an agreed set of heads of terms.’
It would see the Trust take control of the Vanarama National League club with a shareholding of 84%, with Allen no longer being involved. The Spireites have struggled to adapt to life in non-league since their relegation from the EFL in 2018, with John Sheridan returning to steer the Derbyshire side away from danger last season, only to see his side flounder this time around. Chesterfield are currently in the relegation zone by three points after 28 games.
In an official statement, Dave Allen said of the proposed takeover: “I am delighted that a deal has been agreed in principle with the Trust. A number of parties have expressed interest in purchasing the majority shareholding but the Trust has been the only one to progress to this position.
“My preference has always been to hand over the running of the club to local people so it is pleasing that we have been able to reach an agreement in outline with the Trust which if completed will enable this to be the case.”