Chesterfield have given an update on the takeover situation at the club, in which it is stated that the club will be sold ‘to whoever is first over the line with the necessary funds.’

On 30th December, it was announced that a deal had been agreed in principle for a takeover by the club’s Community Trust. Majority shareholder Dave Allen entered into a period of exclusivity with CFC Trust to enable the Trust to carry out due diligence.

Company secretary Ashley Carson has now given an update on the proposed sale of the National League strugglers. He explains: “Two weeks ago, the Trust’s chairman, Mike Goodwin, informed me that they would now not be able to meet the February 14 deadline, due to funding issues and timeframes for the release of the necessary funds.

“The Trust met Michael Tattersall (CEO of the National League) on Thursday, January 9. Following this meeting, I was informed that one of the funders had pulled out, therefore now leaving the Trust with a shortage of funds to complete the deal.

“I now understand that at this point there were five funding parties involved.”

He goes on to add: “Dave Allen and I remain committed to wanting the fans to take ownership of the club. Every month that goes by means that Dave needs to inject a minimum of £150,000 into the club. This month it will be over £200,000.

“I am still working closely with the Community Trust and remain hopeful that a deal can be concluded with them, but I am now also talking to other potential purchasers again – including the supporters’ consortium – and we will sell the club to whoever is first over the line with the necessary funds.”

Read more of the club’s update: https://www.chesterfield-fc.co.uk/news/20202/january/20200121-takeover-questions-answered/

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