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Corby Town Boosted by New Investment

Mon 19th Mar 2012 | Money & Finance

Corby Town Football Club’s ccting Chairman David Mallinger and Vice Chairman Graham Starmer have today signed an agreement with Leicestershire-based businessman Kevin Ingram that will see him become the new majority shareholder.

Mr. Ingram will now proceed to complete the purchase of shares from the current owners.

After reaching an agreement acting Chairman David Mallinger commented: "The long term financial security and viability of the football club has been our primary goal from the outset.

"We have been running a tight ship since taking over in a bid to consolidate the club's historical debt and were close to a trading profit for the season to date when it became clear at the beginning of 2012, that due to circumstances beyond our control, the football club was going to have some significant cash flow issues before reaching the end of the season.

"For 12 months we have been in regular discussions with Kevin Ingram on how best to move the club forward. Kevin brought to the board a new vision on how best the club may prosper and grow going forward.

"Those discussions have culminated with us all signing an agreement that will see him taking a controlling interest in the football club. We are thankful that due to Kevin’s involvement the immediate cash flow issues will be resolved and all creditors will be met.

"We are extremely grateful to our fans for their continued support and understanding during this difficult period and we are pleased that the speculation, rumours and concerns can now be put to bed.

"I would also like to thank the players and in particular Graham Drury for their patience and understanding. The present board including myself as Acting Chairman look forward to working with Kevin to build a stronger and more secure Corby Town Football Club which the town and surrounding areas deserve and can be proud of."

Vice Chairman Graham Starmer added: "I would like to echo David's thanks to Graham Drury for his support and backing. We have kept him informed at all stages during the initial negotiations and he has done a good job at keeping a smile on everyone's face to allow the players to concentrate on matters on the field, whilst conversations have progressed.

"I would also like to thank the board for their tireless work put in behind the scenes - this club is very fortunate to have the likes of Ian Hopewell, Martin Harris, Chris Rivett and David supporting the dedicated work of all the other volunteers.

"Everyone puts in so many unpaid hours each week and will continue to do so."

 Posted by: Aaron Gourley

http://www.buttonshut.com http://www.buttonshut.com http://www.buttonshut.com

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