Mon Aug 28, 2023 4:05 pm
Mon Aug 28, 2023 4:21 pm
Mon Aug 28, 2023 8:00 pm
Mon Aug 28, 2023 9:44 pm
Tue Aug 29, 2023 5:46 am
Sven wrote:Annis, your secret is out...!![]()
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Tue Aug 29, 2023 9:53 am
Forever Blue wrote:Sven wrote:Annis, your secret is out...!![]()
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Tue Aug 29, 2023 5:28 pm
Forever Blue wrote:Newport County are confident of receiving firm takeover bids for the club by the end of the week.
Two unnamed interested parties are at an advanced stage of a potential deal for one to become the new majority shareholder at the League Two club.
Newport are owned and run by the club's supporters trust but have sought out new investment after recent losses.
Proposals are close to being submitted which will be put before fans ahead of a vote on a deal.
Former director Colin Everett, who has been acting as an independent link between the board and the potential investors, says the situation is "moving fast" and that the club are keen for "a resolution within weeks, not months".
Newport recorded a financial loss of £1.2m last year and face a shortfall in their operational budget for the current season.
"We are talking to two serious investors separately, they're both at an advanced stage," Everett told BBC Radio Wales Sport.
"We expect proposals by the end of the week - which is the deadline we've given them - and if we think it can work out and the Trust members want to sell, we would sell a majority shareholding in the club to them."
Everett said "an ideal scenario" would be for the new investor to take a 51% shareholding, with the Trust - who took over the cub in 2015 and have a 79% stake - retaining around 25%.
Tue Aug 29, 2023 5:47 pm
BAZ_1927 wrote:Forever Blue wrote:Newport County are confident of receiving firm takeover bids for the club by the end of the week.
Two unnamed interested parties are at an advanced stage of a potential deal for one to become the new majority shareholder at the League Two club.
Newport are owned and run by the club's supporters trust but have sought out new investment after recent losses.
Proposals are close to being submitted which will be put before fans ahead of a vote on a deal.
Former director Colin Everett, who has been acting as an independent link between the board and the potential investors, says the situation is "moving fast" and that the club are keen for "a resolution within weeks, not months".
Newport recorded a financial loss of £1.2m last year and face a shortfall in their operational budget for the current season.
"We are talking to two serious investors separately, they're both at an advanced stage," Everett told BBC Radio Wales Sport.
"We expect proposals by the end of the week - which is the deadline we've given them - and if we think it can work out and the Trust members want to sell, we would sell a majority shareholding in the club to them."
Everett said "an ideal scenario" would be for the new investor to take a 51% shareholding, with the Trust - who took over the cub in 2015 and have a 79% stake - retaining around 25%.
Horrible little club, from a horrible little town, followed by horrible little people.
Tue Aug 29, 2023 6:16 pm
Tue Aug 29, 2023 7:03 pm
MR BIRCHGROVE wrote:We all know what many Cardiff fans think of Swansea.
Now we can see what some fans also think of Newport.
Football clubs aside, I just hope they like the City of Cardiff, and its people, otherwise why live in Wales?
A few very immature people out there!