Further to the club statement issued yesterday re: advanced talks with investors.
We have had many fans asking what happens next. What is the Trust’s involvement? What position is the club in? Among many others.
Firstly, though, the Trust board must highlight and commend the incredible gesture of Simon Gauge and his family in continuing to provide sizeable financial support to enable our club to continue to compete during harrowing financial times.
Secondly, in the club statement, reference is made to advanced talks being recently undertaken, representatives of the Trust attending a meeting w/c 13th November 2023, and online speculation making concluding investment deals more challenging. We feel these three highlighted comments are implicitly connected and deserving of comment to members.
When the Trust chair and secretary attended the remote meeting referenced above, only one of those potential investors in attendance was subsequently listed as a Director of JNG Capital Group Ltd. with a registered office at the Crown Oil Arena .
This was Nick Brayne, who had been involved with the club for quite some time. Also in attendance was a well -regarded former Director of 2 lower league football clubs and a former professional footballer. We regarded the presentation of this group, at that stage, as highly credible.
Upon the details of JNG Capital Group Limited being put into the public domain, Trust Directors carried out research as we had done with previous potential investors, but made no public comment..
The Trust board will hold a board meeting on Thursday 7th December. From this meeting we will issue a further statement with regards our involvement and what we are considering going forward.