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« on: May 23, 2017, 10:01:34 AM »
The following press release will be sent this morning to all Manchester based national reporters, Manchester Evening News, Sale and Altrincham Messenger, Altrincham Today, Non-League Paper, BBC Manchester, Key 103, BBC Northwest, Granada, That's Manchester and Sky Sports. Sadly, the timing is unfortunate but is dictated by actions already in train. All existing shareholders should be receiving a notice of an EGM from this morning.
Press release follows:
ALTY INVESTMENT MOVE
The Board of Altrincham FC has called an Extraordinary General Meeting in a bid to pass a motion which will allow the club to bring in significant investment through a share offer.
Subject to approval at the EGM, the club will buyback 117,000 shares – roughly 51% - in order to create a means to generate finance. Altrincham will then be in a position to sell these shares to a suitable investor(s).
To progress on the field Alty has already made exciting signings for next season, and is moving forward with ambitious plans, despite the disappointment of recent relegation to the Evo-Stik Premier Division. To help with progression, the Board has appointed The Sport Business to help and support communications and commercial activities at the J Davidson stadium.
The Sport Business has worked with the football club on previous projects and helped raise more than £550,000 for the Community Sports Hall at Moss Lane.
Chairman Grahame Rowley said: “We’re determined to get Altrincham back to where the club belongs – at the pinnacle of non-league football. We’ve been working hard to get things in place on and off the pitch and we’re delighted to partner with The Sport Business, a local company we know and trust and who’ve Alty’s best interests at heart.
“We believe that with their contacts in business, sport and the media, they can help in many ways – bringing in investment, raising our profile and helping us to develop as an ambitious football club.”
Alty - a club with a proud ‘giant-killing’ history - currently delivers organised football and coaching for more than 1000 children each week, and has received awards for its community, charity, and junior football activities. Altrincham FC wants to be seen as representative of the exciting and dynamic developments within Altrincham Town Centre.
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For more information regarding Altrincham’s plans and investment opportunities, contact The Sport Business:
Dominic McGuinness dom@thesportbusiness.co.uk 07968 326541
Paul Smith paul@thesportbusiness.co.uk 07805 664064
