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Stags takeover complete in next two weeks?


And Booth hits out at boycott and Danny Phillips

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Published Date: 11 June 2008
RUMOURS are growing that the protracted sale of Mansfield Town Football Club will be completed within the next two weeks.
Comments by chief executive Stephen Booth and chairman Tony Egginton at last week's Stags Fans United (SFU) public meeting that the sale was 'close' seem to have re-fuelled the takeover speculation.

Fans commenting on supporters' websites believe that new owners will be in place by the end of June - with rumours placing Glapwell chairman Colin Hancock and a separate group of local businessmen as the two front runners.

Yesterday Egginton told Chad that meetings were ongoing and that he remained hopeful of a quick takeover 'to enable the club to move forward'.

And in answer to several e-mails he has received, the town's mayor stressed that he would be remaining at the club as chairman, at least until new owners are in place.

The delay in releasing season ticket details has also led to speculation that new owners might want their own price structure.

But this week Booth declined to comment, other than to issue two statements on the club's website relating to the Stags Fans United commercial boycott call and comments made by Mansfield solicitor Danny Phillips at last week's SFU public meeting.

Booth, in a swipe at the call by new fans' group Stags Fans United for supporters and businesses to boycott sponsorship and season tickets until new owners are in place, said in a statement posted on the club's official website on Tuesday: "The so called 'boycott' really does amaze me because, other than ASPL (who very generously provided sponsorship last season) and the Chad (who paid £4,000 plus VAT for ground advertising), our records show that none of the organisations mentioned have made any financial contribution to the club in the past two seasons, other than, for one or two, the purchase of season tickets and/or the occasional seat in the sponsors' lounge.

"I should like to add my own entries to the list as BA, Virgin Atlantic and Microsoft have indicated their unwillingness to provide the club with commercial income (with or without a change of ownership)."

However, the chief executive made no mention of the money from fans' groups - who instigated the boycott call - over the previous two seasons.

This has included a donation from the Ollerton Stags Supporters Club (OSSC) towards a waterhog, while the Stags Supporters Association (SSA) last season paid for the club to use training facilities at the John Fretwell Sporting Complex.

And Booth also hit back at comments made at the SFU meeting by Mansfield solicitor Danny Phillips, who last week revealed some details of a buyout bid he was previously involved in - and questioned whether Keith Haslam really wanted to sell the Stags and that the sale price was not £1, but £400,001.

In another statement posted on the club's website, Booth said: "Mr Phillips called me on the morning of 17th March 2008 and stated that he had £25,000 to invest in a takeover of the club.

"I put him in contact with the consortium which was, at the time, negotiating to purchase the majority shareholding in the club. He subsequently attended the match on the following Saturday as guest of the prospective buyers and was admitted to the boardroom.

"He is quite correct in stating he didn't sign a confidentiality agreement as the agreement in place covered all members of the consortium and thus if he chose to join said consortium, thereby being party to confidential information, he was bound by this agreement. As a lawyer I'm sure he fully appreciates this.

"Notwithstanding this, he has had no detailed discussions with me and, to my knowledge, has had no discussions whatsoever with Keith Haslam. I am therefore bewildered by his statements at last Monday's meeting - it would seem to be a case of either pure conjecture or 'a little knowledge is a dangerous thing'."

The full article contains 661 words and appears in n/a newspaper.
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  • Last Updated: 11 June 2008 10:06 AM
  • Source: n/a
  • Location: Mansfield
 
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1

whoknows,

11/06/2008 10:24:17
IF the takeover happens at the end of June, then this would leave around 6 weeks till the first leauge match, surely no where near enough time to sort anything out and the worst poss start to the start of the season.

Also is it just me that thinks that BA, Virgin Atlantic and Microsoft wouldn't sponsor the club anyway
2

Jake_stagsfan,

school 11/06/2008 12:17:15
please im not beliving anything till it happens the sale of mtfc has been close sinse marc time now were already about 3 weeks behind every one.

and it says Colin hancock and two local buisnessmen are the front runners so does this mean batchelor has crawled back under his rock.
3

Jake_stagsfan,

school 11/06/2008 12:17:17
please im not beliving anything till it happens the sale of mtfc has been close sinse marc time now were already about 3 weeks behind every one.

and it says Colin hancock and two local buisnessmen are the front runners so does this mean batchelor has crawled back under his rock.
4

Mick'heykeith',

North Yorkshire 11/06/2008 12:29:37
Haslam has led everyone up the garden path so many times you have to be sceptical about this new rumour. However, Tony Egginton was very positive after last week's SFU Meeting - and he's a man you can trust - so maybe, just maybe, he will be able to broker the deal. Let's pray that the Cowboy/Count/Hasloan is finally on his way out of town and off to prison in July.
5

Bermuda Viper,

11/06/2008 14:28:46
Watch this space, I have a feeling something positive will happen by the end of the week.
6

weststandstag,

11/06/2008 16:05:53
Watch this space - it will still be full of fans disappointments in "no news this week" or "another takeover collapses" - when and only when, the deal has been completed, the new owner is sat in the Field Mill hotseat and Haslam has been banned from ever attending a Stags match again, will I be happy!
7

Derby Stag,

I don't believe it 11/06/2008 19:29:53
Booth and Haslam have treated us all with utter contempt. I just cannot understand what is taking so long after all it is football club not a multi million pound footsie 100 company! Booth focus on your job and not having a pot at all of us as it makes you look foolish but then again working with Haslam says it all - a bad career move!
8

delboy the Stag,

11/06/2008 19:42:57
weststandstag,DITTO!....I suppose it could be even worse though!!!As bad as it is for us,we are still in a better position than the poor Gretna and Halifax fans.I,for one,hope that both clubs are survive and get a bit of success!!!!!!!

Hello,ARE YOU THERE MR BOOTH????.....Approx 792 hours now!!!!!!!!!!

72 hours,my a*se!!!!!!!!!!
9

goalpost,

mansfield 11/06/2008 22:40:50
snooze!!!!!!!
10

selstonstag,

selston 12/06/2008 07:43:17
change the record booth....weve heard it all before!,we all know that it's not gunna happen in two weeks so why lie?! even if it did happen it will be too late as all the best players available will have already been snapped up and we'll be left to sign the rest who nobody wants.....as usual.blue sq north ere we come!!
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