A move to get businesses behind a bid to buy out Nuneaton Town Football Club has failed – forcing co-operative club members to go it alone.
That was the outcome of the Nuneaton Borough Supporter’s Cooperative (NBSC) meeting where interested parties were asked to attend to discuss plans to buy out the Boro. While the asking price for the club and Liberty Way-based ground has not been revealed, it is known that it runs into six figures and, coupled with other concerns, it proved too much for businesses to get involved.
A spokesperson for NBSC said they will now revert to Plan B, working with Supporters Direct to finance the buy-out themselves – but they have appealed to Lee Thorn, who owns the club, to get round the table and help them secure the future of the Boro.
Supporters Direct has, for the past 18 years, helped supporters gain influence in the running and ownership of their club, including raising funds.
“Nuneaton Borough Supporter’s Cooperative chair Harry Warren and treasurer Mike Turner met with a number of people from the local community who had expressed an interest in supporting the Cooperative and their aims for a community run football club,” said the NBSC spokesperson.
“We delivered our vision to them regarding the future of the club, something which was widely bought into by the group, all of whom actively want to help us should we secure the football club.
“However, the price that has been quoted, coupled with information available in public domain about the operational situation of the football club, was deemed too high a risk for anyone to be interested in making financial support for our bid.
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