Aldershot secure new investor

Aldershot owner Kris Machala has secured a new investor who will pump much-needed funds into the Hampshire club.

Last Updated: 19/04/13 at 14:32

The EBB Stadium: Home to the Shots

The EBB Stadium: Home to the Shots

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Machala stepped down as Shots chairman in late February but has remained on the club's board of directors, continuing an ongoing search for fresh investment.

And he revealed at the club's AGM on Thursday night that the newly-discovered mystery suitor has a background in football which will pave the way for "high-quality overseas players" - regardless of whether the struggling League Two club avoid relegation or find themselves in the Blue Square Bet Premier next season.

An official statement by the board of directors read: "Aldershot Town Football Club held a Shareholders AGM on Thursday evening. The principal reason for the meeting was for a resolution to vote in favour of restructuring capital funding creating a vehicle to attract an additional path of £1million worth of investment.

"During the meeting the majority shareholder Kris Machala voted against the resolution and explained to the shareholders that he has secured an alternative investor willing to inject sufficient funds to meet the cash flow required and to sustain the club over the long-term.

"Mr Machala also gave an assurance that this will provide the opportunity to repay loans due to directors and others that will no longer need to be restructured as was being in the process of discussion by the board.

"Mr Machala also confirmed that the investor has a football heritage and that they will secure high-quality overseas players whether the club is in the Football League or Conference.

"In the meantime Mr Machala assured shareholders that he will provide the monies required to fund the club until such time as the agreement is completed in the short or long-term. He stated that he expects the deal to be concluded and will be in a position to provide a presentation to the board of directors on Monday April 22 2013.

"There will be no further comment from the club at this time regarding the matter due its confidential nature."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

was there, it was embarrassing - the team looked totally unbalanced from the off, the defence was woeful and when Mikel came off injured it got even worse with nobody in front of them. Up front on several occasions we had opportunities and nobody would shoot - it was a complete farse! On the back of Salah's performance I'm glad there is talk of getting shot...

Fly1ngh1gh
Cup defeat shames Mourinho

G

reat to see Tommy Rosicky getting some love. A wonderful player. Such a pity we lost so long to injury. I was so excited when we signed him, this resurgence only makes the absences seem more of a lost opportunity.

cheshire-gooner
16 Conclusions: FA Cup Fourth Round Weekend

A

pparently Chiles has blamed Twitter trolls for his exit. Proof that even the worst things can get great results at times.

cheshire-gooner
Adrian Chiles to leave ITV

Footer 365

Manchester United U21s beat Liverpool 2-1 as Victor Valdes makes first appearance for the club

Goals from Nick Powell and Paddy McNair gave Manchester United's U21 side victory over Liverpool at Leigh Sports Village.

FA Cup: Giant-killers Bradford handed Sunderland or Fulham showdown in fifth round

Bradford's reward for knocking Chelsea out of the FA Cup is a fifth-round showdown with either Sunderland or Fulham.

Dutch FA president Michael van Praag to challenge Sepp Blatter for FIFA top job

Dutch FA president Michael van Praag is to stand against Sepp Blatter for the FIFA presidency.

Mail Box

You're Man Utd, For Crying Out Loud!

Defending a 0-0 draw with Cambridge on the grounds that other teams lost to lower-league opposition is not befitting of Man United. We're inclined to agree with Mailboxers...

A Massive Mailbox On A Weekend Of Wonder

We unsurprisingly have plenty of mails on a wonderful FA Cup weekend, including thoughts on Palace, Van Gaal, Phil Jones, Chelsea, Mourinho and Yaya Toure...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company