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Batchelor wants to buy Field Mill as well as Stags


Details of the Derry consortium deal revealed

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Published Date: 28 March 2008
Email Tim Morriss

CHAD can reveal that would-be Stags owner John Batchelor is also in negotiations with Mansfield Town owner Keith Haslam to buy Field Mill.
Mr Batchelor launched a late bid to buy the Stags this week as the agreed deal with the Derry consortium appeared to stall - and hit the headlines on Friday when Chad uncovered his plan to rename the club Harchester United, the team in the fictional Sky TV series Dream Team.

At first it was thought that the flamboyant Mr Batchelor was just trying to match the consortium's deal for the football club - buying the majority shares for £1 and renting the stadium, with an option to buy it in the future.

But now Chad can confirm that the controversial former York City owner also wants to buy Field Mill as part of his takeover - and may also be interested in buying the often talked about land at Skegby owned by Mr Haslam's own company Stags Ltd.

That land at Beck Lane was bought by money loaned - and still to be repaid - from the football club for a training academy which has never been built.

  • John Batchelor answers your questions


It is known that Mr Haslam wants just over £4m for the stadium - and Mr Batchelor has confirmed to Mr Haslam that he has the funds in place to buy the ground.

Mr Batchelor said: "I can't control what the vendor wants to do. But I want everything . . . I wouldn't rule anything in and I wouldn't rule anything out."

When at York Mr Batchelor, who bought the club for £1, also promised to buy the ground, Bootham Crescent - but that never materialised, although he did take a £700,000 option from a property developer to build houses on the land.

It was alleged at the time that while £300,000 of that went to the football club, the rest went straight to Mr Batchelor's own company.

Mr Batchelor has made it clear through Chad.co.uk that he is interested in the Stags to make money - and would take at least 25% commission from any sponsorship deals he brings to the football club.

Chief executive Stephen Booth, brought to the club to broker a sale, is meeting with non executive James Derry on Friday afternoon - after it appeared late on Thursday that Mr Derry's consortium, which had an agreed deal to buy the club, had pulled out of a takeover. It is believed that the consortium had wanted to renegotiate the rent levels.

Chad was recently leaked an e-mail allegedly containing the details of the Derry takeover - which Mr Booth announced last week left the consortium 'in effective control' at Field Mill.

As well as the £4mplus option to buy Field Mill at a future date and having to inject £0.5m into the club as working capital in return for Mr Haslam's majority shareholding for £1, the consortium would also have had to pay an annual rent of £275,000 - reduced to £175,000 if the Stags was to relegated from the Football League.

It is not yet known how Mr Haslam intended to transfer Field Mill out of MTFC Ltd and/or repay the £584,000 loan his company Stags Ltd owes the football club.

It is believed that it is that rental figure which became the sticking point between the consortium and Mr Haslam.

Recently Rotherham went into administration for a second time, blaming a £66,000 rent for its demise.

Mr Booth said today he would not comment, but a statement is expected after his meeting with Mr Derry.

Mr Haslam - rumoured to have already agreed a deal with Mr Batchelor - has not been answering his telephone to Chad.

The full article contains 644 words and appears in n/a newspaper.
Page 1 of 1

  • Last Updated: 28 March 2008 1:31 PM
  • Source: n/a
  • Location: Mansfield
 
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1

Pete Brandon,

York 28/03/2008 12:57:47
He won't buy Field Mill for the simple reason he hasn't got any money - he's a liar and a thief.
2

bardez.,

Oslo 28/03/2008 13:24:37
This is sounding more and more like York City as it goes on...
3

serbian hitman,

28/03/2008 14:36:33
Peter you have him to a T m8
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