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Stags takeover may be concluded next week



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Published Date:
16 November 2007
THE takeover at Mansfield Town Football Club could be finished within seven days.
That was incoming owner James Derry's hope on Friday as negotiations continued between his consortium and Stags owner Keith Haslam.

His comments came after supporters group Stags Fans For Change called for news on the delay in the takeover by Mr Derry's consortium.


  • Fans group calls for takeover statement



Mr Derry told Chad on Friday: "I would hope that negotiations would be concluded within the next seven days."

Mr Haslam and the consortium are meeting again on Monday to try to finalise the deal.

Mr Derry added: "I have always stressed, and do so again, that this is a complicated deal, there are all sorts of issues to be addressed - such as the Football Foundation grant.


  • Stags takeover consortium aware of grant worries



"We just can not rush into things without looking into detail at everything."

On 5th October Mr Derry and Mr Haslam announced that they had agreed a deal for the club to change hands.

But problems then followed as the Football League insisted that the takeover plans be altered.

  • Delay in Stags takeover


Mr Derry's consortium had wanted to form its own company and just take over the trading rights for the football club - leaving Mr Haslam to retain Field Mill and any associated land. However, now the consortium is trying to buy the football club, with a 10-year lease to rent Field Mill from Mr Haslam. Ownership of the stadium would be transferred to Mr Haslam from the football club.

The full article contains 269 words and appears in n/a newspaper.
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  • Last Updated: 16 November 2007 11:40 AM
  • Source: n/a
  • Location: Mansfield
 
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Hunk the Stag,

Rainworth 20/11/2007 08:36:07
My gut feeling is that while the Stags are in the FA Cup no deal wil be made, I hope that I am wrong.
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