Mansfield Town Football Club have announced lifelong fan John Radford as the new owner.
Wed 29th Sep 2010 | Clubs Ownership
Mr Radford, a multi-millionaire, has bought the club for £1 from previous owners, Andy Saunders, Steve Hymas and Steve Middleton, who will remain at Field Mill as non-executive directors.
A total sum of £250,000 will be immediately injected into the club and the same amount will be invested over the course of the season.
Speaking to the club's official website www.mansfieldtown.net, Mr Radford said: "I am ecstatic to be taking over at Field Mill. As a fan of the club and of the town I want to do right by both the Stags and their fans.I believe that we have a squad that is capable of returning to the Football League and a club that can once again inspire the people of Mansfield.
"It is time for an injection of new ideas and leadership which will secure the future of Mansfield Town."
As a businessman, Mr Radford has achieved enormous success with the One Call Group which he founded in 1995 and employs over 200 people in its head office in Doncaster. It is also the main sponsor of Doncaster Rovers Football Club.
Over the last three years the Group has bucked the downturn and has enjoyed significant growth, with an annual turnover of £50million.As well as the One Call Insurance brokerage, Mr Radford is heading up the Maltese insurance underwriting firm, One Insurance Ltd which will see the brand position itself alongside some big names in the insurance industry.
In buying the Club, Mr Radford, who will become the new Chairman, hopes to achieve financial security for the Field Mill outfit and there is little doubt that his entrepreneurial approach to business will provide ample opportunity for the club to grow and embark on a successful future.
Meanwhile, local man Steve Barker is set to be appointed as Chief Executive.
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