Workington Reds looking for new board as directors step down
Last updated at 09:06, Wednesday, 08 May 2013
Workington Reds could be put up for sale after its three directors stood down at last night's annual general meeting.
Chairman Humphrey Dobie, Colin Doorbar and Thex Johnstone told shareholders at the meeting in Borough Park Social Club that they were calling it a day.
Johnstone and Dobie, 81, were up for re-election and agreed to stay on to keep the club ticking over until new backers are found.
The Borough Park outfit, which plays in Blue Square Conference North, is not in debt and has money in the bank.
An extraordinary meeting will take place within the next few weeks where the club's immediate future will be discussed.
The decision by the directors was announced on Twitter. Article continues below...
New Board required - News bit.ly/KOtQk0— Paul Armstrong (@WorkingtonAFC) May 8, 2013
In November 2012, Reds' landlord, Allerdale council, agreed to give the club a new 30-year lease to allow it to start to secure the funding needed to build a 1,200-capacity stand.
It was proposed that the existing west stand would be demolished and replaced, with new facilities to include a function room, offices, changing facilities, sponsors and visiting officials’ rooms.
The club had 12 years left on its existing lease but needed long-term assurances before grants could be issued.
Reds were the subject of a takeover bid by millionaire businessman Baron Bloom in late 2011. But his bid was scuppered when the club’s biggest shareholder - former chairman Dale Brotherton - refused to sell his stake.
He dismissed the offer after the London-based businessman refused to pay him the money up front.
Bloom, who had already had two previous bids to buy Reds turned down by the board, wanted to take Brotherton’s stake in the club so he could oust the directors and then pay him for his shares at a later date at a lower, unspecified price.
Bloom said at the time that he would keep the club debt-free and build a £1.5 million grandstand.
First published at 09:04, Wednesday, 08 May 2013
Published by http://www.newsandstar.co.uk
Have your say
well surely the vision is there the council need to have a look and make this work it can't be done by 1 person
We all live in a small town and have 3 stadiums Reds Town Zebras and surely it would be better to merge all of them into one big social/community stadium that will facilitate all the teams you just have to look at Wigan, Hull, Reading, Huddersfield granted at a higher level but they share pitches with RL or RU teams and all are been very successful would it not be better to have one nice stadium rather than 3 run down stadiums!!!! its about time people stopped thinking about their own team and looked at the bigger picture
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