BusinessBusiness RecoveryFootball League blocks Stockport County sale

Football League blocks Stockport County sale

Football League cannot sign off proposed sale because of unresolved issues, to the frustration of Leonard Curtis administrators

The Football League has blocked the sale of troubled Stockport County,
leading to the football club’s administrators demanding clarity on the
situation.

John Titley and Paul Reeves, directors at Leonard Curtis, were appointed as
joint administrators when the club collapsed last April.

The Football League Board met on 14 January to consider the proposed transfer
of the Football League Share to the Melrose Consortium.

“Unfortunately, we understand that they were unable to recommend that the
Football League Share be transferred at this time as there were still some
issues to be resolved,” the administrators said in a joint statement.

“We have requested that the Football League confirm what matters remain
outstanding and have offered our assistance to both the Football League and the
Melrose Consortium to resolve these matters if possible.”

Further reading:

Stockport
County administrators defend fees

Stockport
County FC getting closer to sale goal

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