A £1.8m investment deal with Altham business What More UK was approved by shareholders last night (story from Accrington Observer)
An investment deal which will see Accrington Stanley debt-free and cash rich has been hailed as ‘the most important in the club’s history’.
A deal with Altham business What More UK was approved by 70 per cent shareholders last night and sees around £1.2m of debt cleared and an additional cash injection of around £600,000 into the club.
The deal, which is still subject to ratification by the Football League, means What More UK owner Andy Holt will take over a debt of almost £480,000 owed by the club, while his company would pump in more than £580,000 to pay off other creditors, with further investment to follow.
Read more http://www.accringtonobserver.co.uk/news/accrington-stanley-sign-most-important-10350955
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