BusinessBusiness RecoveryAdministrators agree new deal to sell Stockport County

Administrators agree new deal to sell Stockport County

But sale depends on approval of Football League

Administrators from
Leonard
Curtis
have agreed terms to sell Stockport County Football Club to
the Melrose Consortium.

However, as before, the sale is conditional upon them reaching agreement with
the
landlord, Cheshire Sports, and the Football League.

The sale was first agreed last summer, then again last December. However, it
has been complicated by issues involving funding to comply with the Football
League’s minimum requirement; complying with the landlord’s expectations of a
credible tenant; and primacy of fixtures by balancing the demands of the
Football League with those of Premier Rugby.

The next Football League board meeting is scheduled for 11 March.

Further reading:

Football
League blocks Stockport County sale

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