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County takeover talks end

Stockport County Football Club acting chairman Mary Gibbons has said that the club will not enter administration if they are relegated to the Blue Square Bet Premier after Mike Newton withdrew from takeover talks with the club.

The New York businessman held preliminary talks with the npower League Two club which County then discussed at a shareholders meeting, but after reviewing information provided by the club Newton did not pursue interest.

Despite the breakdown Gibbons does not foresee any financial problems as a result of relegation out of the Football League.

 “We are always looking for fresh investment and judge each approach on its own merits but plans are already in place for next season, whether that be in the Football League or the Blue Square Premier, Gibbons told the Manchester Evening News.

“This club needs to remain a full-time football club and there is no reason why that can’t happen and we have already budgeted to remain a full-time club should we go down.

“People are concerned about administration as it’s happened before but we have a group of shareholders already in place who are able to carry on running the club without needing to take such measures.

“Things are very tight at Stockport County at the moment but every other club in the country would probably tell you the same thing.”

County were saved from liquidation last summer by Gibbons and a consortium whilst Newton, who admitted he was ‘very disappointed’ a deal couldn’t be done, was also behind an approach for Port Vale earlier in the season.

 

Scott Hobro

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