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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.

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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League Table

# Team P W D L Pts. GD
1 Burton 29 19 3 7 60 16
2 Walsall 29 16 8 5 56 17
3 Wigan 30 15 10 5 55 21
4 Gillingham 30 16 7 7 55 19
5 Coventry 30 13 10 7 49 16
6 Millwall 29 14 5 10 47 9
7 Southend 29 13 8 8 47 6
8 Peterborough 29 13 5 11 44 13
9 Port Vale 31 12 8 11 44 -1
10 Barnsley 29 13 3 13 42 6
11 Sheff Utd 29 11 9 9 42 4
12 Bradford 28 11 8 9 41 -3
13 Scunthorpe 28 11 5 12 38 -4
14 Rochdale 28 10 7 11 37 -2
15 Bury 28 10 7 11 37 -7
16 Doncaster 29 9 9 11 36 -4
17 Swindon 30 10 6 14 36 -5
18 Blackpool 29 9 6 14 33 -7
19 Chesterfield 29 9 3 17 30 -11
20 Shrewsbury 30 8 6 16 30 -15
21 Fleetwood 28 7 8 13 29 -3
22 Crewe 29 6 8 15 26 -20
23 Oldham 27 4 12 11 24 -13
24 Colchester 29 5 7 17 22 -32
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Mar 5 2016 3:00PM : Burton Albion (H)
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