Blackpool Football Club has announced Simon Sadler has acquired 96.2% of the club along with the purchase of the stadium, the training ground and Blackpool Football Club Hotel Limited.
The transaction was completed on 13 June 2019, following the English Football League’s (EFL) approval of the purchase.
Born and raised in Blackpool, Sadler, who is founder and Chief Investment Officer at Segantii Capital Management, in Hong Kong, where he remains. will act in an individual and personal capacity as the new owner of the club.
The club also confirmed Michael Bolingbroke (Executive Chairman), Ben Hatton (Managing Director) and Ian Currie (Non-Executive Director) will continue in their roles for the next few months whilst Sadler familiarises himself with the operations of the club.
Sadler and Brett Gerrity, a solicitor, a long-term Fylde Coast resident, will join the Board as Directors. Tim Fielding will continue to assist the club by assuming a role as an advisor to the Board.
Speaking of his acquisition, Sadler said: “It is my great honour and privilege to become the owner and custodian of Blackpool Football Club. By providing financial stability and investment over time, my intention is for the club to achieve its full potential. I will ensure that the club is managed with the interests of all stakeholders in mind.
“I would like to thank the Joint Receivers and the current board, management and staff for having chaperoned the club during this time of transition. I would also like to thank the fans and the wider community for re-engaging with the club after a lengthy period of turmoil.”
Michael Bolingbroke, added: “We are very pleased to welcome Mr. Sadler as our new owner, and Mr. Gerrity as a Board member. Mr. Sadler is investing in a club with undoubted potential, and his investment will benefit not just the first team squad, but also help improve the club’s training facilities and Academy programme and will actively assist in the club’s re-engagement with the Blackpool community. Exciting times are ahead!”
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