The board of Nuneaton Town Supporters’ Cooperative today received the prospectus and statement of terms of sale for Nuneaton Borough F.C. and the ground. A price was quoted within that document, however at this point we will be keeping that confidential.
Members of our board will be attending a meeting on May 21st, hosted by an intermediary, to discuss with a number of individuals this matter, with the aim of forming a consortium to purchase the club and ground.
We will be seeking to raise funds for our portion of the purchase through a community share offer, however the exact terms will need to be negotiated with any potential partners.
Should we be unable to reach an agreement, we will be looking at a second option of raising the whole funds ourselves, again through a community share order. Throughout the whole process in both scenarios we will be working closely with Supporters’ Direct who have huge experience in successfully helping fan organisations raise funds for the purchase of sports clubs.
The long term future of Nuneaton Borough is our top priority. Securing a deal for the club as quickly as possible will help ensure we remain competitive next season.
Our AGM will be taking place on May 16th and a further open meeting will be announced shortly where we will be presenting our plans in detail.
Any further enquiries should be sent to firstname.lastname@example.org