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Crewe For Sale

Crewe For Sale

A small advert yesterday in 'The Times' announced that there is an 'opportunity to acquire a controlling interest in Crewe Alexandra Football Club'. This decision following an agreement that the best course of action to move the club forward would be to seek new investment. The aim of the takeover is, according to Bowler, to attempt to be able to compete with the financial muscle of the Championship. The net asset value of the club was stated as 'circa £8m'.

Daniel Potts, who owns 22.9% of shares, has been trying to sell his shares for some time now having failed to make it onto the board. One of Norman Hassall or Norman Rowlinson have now decided to also sell their shares in order for the club to progress. Hassall owns 25.75% of shares whilst Rowlinson owns 24.28% of shares. Therefore, whichever of these investors are selling along with Daniel Potts, the stake on offer will not be enough to reach the important 50% figure, meaning that any investor may attempt to purchase some of the 13.37% of shares currently held by a total of 860 minority shareholders.

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Writer:
Date:Wednesday February 1 2006
Time: 6:07PM

Comments

0
I believe it is Norman Hassall shares that have been added to Potts is shares and richard clayton's shares maybe included to potential buyers
mowen23
06/02/2006 16:30:00
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# Team P W D L Pts. GD
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2 Burton 45 25 9 11 84 20
3 Walsall 45 23 12 10 81 17
4 Millwall 45 23 9 13 78 23
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6 Barnsley 45 21 8 16 71 13
7 Scunthorpe 45 20 11 14 71 11
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10 Sheff Utd 45 18 12 15 66 7
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12 Port Vale 45 18 11 16 65 3
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14 Southend 45 16 11 18 59 -5
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19 Shrewsbury 45 13 11 21 50 -18
20 Fleetwood 45 11 15 19 48 -6
21 Blackpool 45 12 10 23 46 -19
22 Doncaster 45 11 12 22 45 -16
R Colchester 45 9 13 23 40 -41
R Crewe 45 7 13 25 34 -35
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