Chesterfield FC Community Trust "close to completing" takeover deal for Spireites

Chesterfield FC Community Trust is “close to completing” a takeover deal for the Spireites.

By Liam Norcliffe
Sunday, 16th February 2020, 11:43 am

A statement released today by the trust said a “proposed purchase of Chesterfield Football Club is close to completion.”

Community trust chairman, Mike Goodwin, said: “Detailed business plans are in place after completing due diligence and we are now looking to proceed with the purchase of the football club.

“We are awaiting final confirmation from our funding partners after the funding was agreed in principle.

“I would like to thank Ashley Carson for his valued help and co-operation. Dave Allen’s assistance in helping us get to this stage should also be recognised.”

The trust said a further statement will be issued in due course.

The trust, which is a registered charity which works alongside the club but is a separate entity, entered into a period of exclusivity with Chesterfield FC owner, Mr Allen, at the end of December.

This gave the trust between four and six weeks to carry out due diligence and meant Mr Allen could not enter into talks with any other interested party about the sale of the club.

Chesterfield FC owner Dave Allen.

However, the trust later announced it had suffered a “setback involving funding partners” and the exclusivity period was waived.

But the trust said that a deal could still be completed by the middle of March, which now looks to be the case.

If the deal gets done it will bring an end to Mr Allen’s time at the club after 11 years.

He first invested in the Spireites in 2009 and became chairman in 2012 but resigned in 2016.

The majority shareholder put the club up for sale in 2017 when Chesterfield were in League One.

Duting his tenure the Blues have been promoted to League One twice and won the Johnstone’s Paint Trophy in 2012.

But after losing in the League One play-off semi-finals in 2015 they went on to suffer back-to-back relegations out of the Football League in 2017 and 2018 and are fighting to survive in the National League this season.