Third buyer steps up to the plate
Last updated : 11 December 2003 By The Chairman
A third businessman is now involved in the deal to take over Athletic and he will be joining his colleagues on the new Boundary Park board. When the Football League officials approve a formal buy-out the new partner will become an equal shareholder. All three investors work together and still wish to remain anonymous for the time being, but by take over time they will have invested a total of £7 million. Although the new buyers will own all the shares they have pledged that the Supporters’ Trust will have a major role in the future plans of Oldham Athletic.
The three men are all English born and live in New York but one of them will be moving back to the UK to keep a tight hold on the Boundary Park finances and the day to day running. The other two will fly over to watch their new team and to attend board meetings. Barry Chaytow will remain as Chairman, Alan Hardy will still be Chief Executive, Sean Jarvis stays as Marketing Manager with Neil Joy will still be doing the accounting.
