BusinessBusiness RecoveryLeonard Curtis fail to secure buyer for Stockport FC

Leonard Curtis fail to secure buyer for Stockport FC

Discussions breakdown with the Football League and Melrose Consortium, sending administrators back to the drawing board

Administrators of football club Stockport County have been left in the dark
over problems with an attempted sale of the club.

Discussions broke down between the purchasers and the Football League,
however details on the reason for the failure of the deal are as yet unknown,
said the administrators.

“We have been informed by the Football League that at the board meeting held
yesterday it was not possible to reach a conclusion regarding the attempted
purchase of the club by the Melrose Consortium due to there being a number of
unresolved matters,” said a statement by joint administrators John Titley and
Paul Reeves, directors at Leonard Curtis, appointed joint administrators.

“We have not been informed as to the nature of these queries but are seeking
further information.”

“We will continue to work with both the consortium and the Football League to
try and resolve any outstanding matters to their satisfaction, however given
that approval has yet to be given after a number of recent attempts, it is far
from certain as to whether the Consortium will be successful in their bid to
acquire the club.”

In January the Football League postponed the sale of the club to resolve
issues with a meeting to discuss the sale taking place late last week. It was in
these negotiations that a decision was unreachable.

Football club Stockport Country entered administration on 30 April last year.

Further reading:

Football
League blocks Stockport County sale

Stockport
County administrators defend fees

Stockport
County FC getting closer to sale goal

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