Buy back Turf plan a step closer for Burnley (From Lancashire Telegraph)
When news happens, text LT and your photos and videos to 80360. Or contact us by email or phone.
Buy back Turf plan a step closer for Burnley
8:10am Saturday 19th January 2013 in News
By Chris Flanagan, Sports reporter
BURNLEY’S plan to buy back Turf Moor has been given the go-ahead by the club’s shareholders.
The Clarets announced last week that they intend to reclaim ownership of both Turf Moor and their Gawthorpe training ground.
But a deal was dependent on club shareholders agreeing to transfer their shares from Burnley Football & Athletic Company Ltd to a new parent company, Burnley FC Holdings Ltd.
The Clarets required agreement from 90 per cent of shareholders but only had direct contact with around 87 per cent before a recent appeal for others to get in touch.
The club have now received agreement from 90 per cent and all shares will now be transferred to Burnley FC Holdings.
The plan is for the Clarets to then buy back Turf Moor and Gawthorpe via a bond issue, with a select number of supporters already expressing an interest in contributing a six-figure sum.
Formal bond documents will be issued shortly and the club are hopeful that the deal will be completed next month.
Comments(4)
midas
says...
10:37am Sat 19 Jan 13
.
At least we have a select number of supporters who have actually given money not just "pledged" it.
.
What the odds on the Venkeys not turning up because of the snow?
Chris P Bacon
says...
10:54am Sat 19 Jan 13
8 Ball Deluxe
says...
11:39am Sat 19 Jan 13
Chris P Bacon wrote:Unfortunately no-one listens to a guy who shaves his legs and aspires to be lance armstrong. And also midas's reply was quite good unlike yours which lack any substance at all. Thicko
Now now, Midas. Evidence shows us that the leper above relishes in the abuse it's given. My strong advice is not to descend to its level. You're better than that.
8 Ball Deluxe says...
9:13am Sat 19 Jan 13
I bet your polish owner, whose name no-one can pronounce is well chuffed at you thinking he's from lancashire. The fact he only has five digits should have set alarm bells ringing. Still you can always rely on Charles to put some in, the guy who divorced a princess and married his horse. NAAAAAAY Proper house of claret activity..