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Stags 'close' to takeover agreement, Booth tells SFU meeting



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Published Date:
03 June 2008
STAGS chief executive Stephen Booth revealed on Monday that the long drawn out sale saga at Field Mill may soon be over.
To 600 sceptical fans at the SFU public meeting, he said: "I believe I am close to an agreement."

It was his first statement on the takeover situation since 9th May, when the man brought to Field Mill to broker a sale said on the club's website that he 'anticipated a formal response within the next 72 hours' to a sale proposal put forward that morning.

And mayor and club chairman Tony Egginton insisted on Monday: "We are extremely close to clinching that deal."

After the public meeting when pressed by Chad, the chief executive refused to be drawn on what timeframe he meant by 'close' – or who the potential new owner of the Stags could be.

A month ago it was reported that Glapwell chairman Colin Hancock was in negotiations to buy the club, one of four interested parties also including the hated John Batchelor, a local group of businessmen and an overseas party.

However, Booth did hit back at suggestions that the club was in financial difficulty and over the state it would be in when sold.

He told the meeting: "The club when it is sold for £1 will be left with net assets equal to a share capital of £311,000.

"There will be no debt associated with the club. It currently has money . . . Mansfield Town FC is nowhere near administration. It is not on the brink of administration."

His comments came after Mansfield solicitor Danny Phillips revealed at the public meeting details of a failed takeover bid launched by himself and former club sponsor Andy Sutton in April.

Booth also said the long-awaited season ticket sales details would be announced within 48 hours.

And he urged fans and businesses to stop any boycott of tickets and sponsorship, insisting that income from these would be used only to run the club on a day-to-day basis – and not go to Keith Haslam ahead of any sale of the club.

The chief executive added: "It is important to remember that we employ something like 160 people."

It was also revealed that both he and Egginton now had to sign off cheques for running the club. They said this was why fans should not be boycotting income streams to Field Mill.

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The mayor added that Mansfield District Council had no interest in buying Field Mill. And he supported the club's chief executive, saying: "Stephen Booth is doing a tremendous job on our behalf. He is working tirelessly to try to end the Haslam era."

Egginton also told the fans that the club had formally applied for a place in the Pontins League next season for its reserve team – and that it would continue its youth development.

He added: "Keith Haslam realises his chapter at Mansfield Town Football Club is at an end. We have to ensure we are prepared for that and to move forward.

"We are not in bad shape financially. The new Mansfield Town will start with a clear balance sheet.

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"I have respect for you, ardent fans who have suffered for some time. I am pleased you have united, it is the only way forward.

"And what bigger issue is there than the Football League status of our club? We have just got to bounce straight back."

The full article contains 625 words and appears in n/a newspaper.
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  • Last Updated: 03 June 2008 8:28 AM
  • Source: n/a
  • Location: Mansfield
 
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1

whoknows,

03/06/2008 06:46:40
"And he urged fans and businesses to stop any boycott of tickets and sponsorship, insisting that income from these would be used only to run the club on a day-to-day basis"
day-to-day basis, I take it this would include Haslam's wages??
2

Bermuda Viper,

03/06/2008 08:54:43
If you read everything from start to finish you will note that Stephen Booth has stated that Keith Haslam no longer receives a salary from the club. How true that is I don't know. Probably as true as Keith actually wanting to sell.
3

benji,

thailand 03/06/2008 13:15:45
dont call him keith makes me cringe, sounds like hes
got freinds
4

delboy the Stag,

03/06/2008 14:40:17
At least"Barmy" Batchelor wont be the new owner,per Tony Eggington.IS OUR LUCK ABOUT TO CHANGE????????..It`s about time !!!!!!..Stags to win "League 3"??????....Bit of a tall order!!!BUT,YOU NEVER KNOW.......
5

goalpost,

mansfield 03/06/2008 17:05:36
When are we going to hear something intelligent? Something honest? Something meaningful?
Please mister mp stop talking to yourself
Oh, mr. Lomas, enjoy pinching my line "Soap Opera?" Nice one kid, gives you a bit of a lift eh? I read the "NonLeague" too! Want any more lines?
All Soap Operas have a sell by date, sadly this one has. It is becoming quite boring. The main characters have lost the plot, the script writers are running out of ideas, they are like kettles, boiling without water. Soon the top will blow off. AND, those with the cash will run off laughing. they always do, that's life!
6

whoknows,

03/06/2008 18:03:08
When Booth says "close to an agreement" I sure hope he doesn't mean a 72 hours close, cos we all know how long his 72 hours are.
7

whoknows,

04/06/2008 12:40:46
"Booth also said the long-awaited season ticket sales details would be announced within 48 hours"

Well the 48 hours is nearly up.
Will Booth's 48 hours be just like the "formal response" within 72 hours made on the 9th May about a take over proposal??

Will Booth ever speak the truth or will it all just be a load of bs AGAIN!
8

Bermuda Viper,

05/06/2008 11:54:06
If you class everything he says as bulls**t then if something does eventually happen you won't be dissapointed.
9

whoknows,

05/06/2008 12:25:26
Maybe he gets his hours and days mixed up.
I've never known anyone to speak more BS than he does.
72 hours till this, 48 hours till that and non of it happens... Time after time hes lead us up the garden path. How many times did he balls the replacement for Billy up.
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