Post by Keith R. on Mar 10, 2014 17:04:45 GMT 1
07-03-2014 12:25
Now Histon`s Future in Doubt
....Skrill North club Histon have made the following statement.
1: The day to day financial position is that Histon FC needs £40,000 to complete its’ fixtures this season based on current costs.
2: We have approached major shareholders on a number of occasions to seek additional funding but with the exception of one shareholder, none have provided funds.
3: We have attempted to restructure the limited company in order to seek outside investment. With the exception of the major shareholder, the other shareholders have agreed to forfeit their shares and gift them to the company.
4: The major shareholder owns 31% of the shares in the company and a restructure cannot take place without that shareholder’s agreement.
It is with regret that the Directors have indicated their intention to stand down pending the appointment of a new Board by the shareholders.
Now Histon`s Future in Doubt
....Skrill North club Histon have made the following statement.
1: The day to day financial position is that Histon FC needs £40,000 to complete its’ fixtures this season based on current costs.
2: We have approached major shareholders on a number of occasions to seek additional funding but with the exception of one shareholder, none have provided funds.
3: We have attempted to restructure the limited company in order to seek outside investment. With the exception of the major shareholder, the other shareholders have agreed to forfeit their shares and gift them to the company.
4: The major shareholder owns 31% of the shares in the company and a restructure cannot take place without that shareholder’s agreement.
It is with regret that the Directors have indicated their intention to stand down pending the appointment of a new Board by the shareholders.