Stamford AFC chairman will offer to buy out club shareholders

Stamford AFC Chairman Chris Rivett
Stamford AFC Chairman Chris Rivett
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The chairman of Stamford AFC will offer to buy the holdings of the club’s major shareholders, it was announced this morning.

Major shareholders of Stamford AFC will receive a letter in the next few days from Chris Rivett outlining an offer for their shareholding in the football club. It has published the contents of the letter to inform supporters, as well as shareholders, of the plans.

Explaining the background to the offer, Mr Rivett writes: “In the close season I was presented with an opportunity to meet with the board of directors regarding an opportunity at Stamford AFC. Those discussions led to the honour of being offered the role as chairman in an exciting stage of the club’s history.

“It became apparent quite early on additional expertise was required to complement the existing board’s skills and I was pleased they supported me in bringing Peter Davis, an experienced commercial manager in the professional game, and a successful businessman, to the club.

“The club had identified it needed to improve in the areas of commercial, media, marketing and PR. I have been chairman now for five months and have had time to assess the requirements in those areas in a lot more detail, along with the structure I believe is necessary to ensure the future growth of the club.

“With information about the new stadium revealed in more detail this week the focus on establishing a robust and realistic business plan to utilise the commercial opportunities the new stadium provides becomes even more critical.

“There is a lot to do, but it is achievable.

“In order to best meet the challenges that lie ahead though I need your [the shareholders] help. The infrastructure of the business at present will not allow us to progress at the speed necessary to be ready for the move, and to be successful when we make the move.

“An investment is required; an investment in terms of a financial support but also expertise. To that end, as the chairman of the football club, it was my responsibility to look to source that investment to ensure a bright future for the club, the town and the local community.”

Letters sent to individuals will contain details of what Mr Rivett will offer for their shares. Shareholders are requested to respond to the offer by January 21.

Should anyone have any specific questions relating to the offer, they are welcome to email where questions will be put to Mr Rivett, and his response will be shared online.

Alternatively they can speak to either Chris Rivettor Peter Davis at the ground on matchdays, or by prior appointment at other times. The pair will be both be in attendance for tomorrow’s (Saturday) match at home to Leek Town.