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Macclesfield Town: “progress has been made”

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A statement from Macclesfield Town Football Club’s majority shareholder Amar AlKadhi has been issued this afternoon, bringing with it the expectation that the way has at last been cleared for entrepreneur Joe Sealy to progress a takeover of the club.

 


Mr AlKadhi’s statement in full…

“Back in December, I advised that negotiations regarding the sale of a controlling stake in the club were at an advanced stage with various third parties.

“Much progress has been made in this regard since then and this is exemplified by the fact that bids have now been accepted in principle.

“Legally, I cannot divulge any further information on these as they are subject to non-disclosure agreements which I have to respect.

Suffice to say that every effort is being made to conclude this process in a timely manner and that I will work tirelessly with everyone concerned until the sale is complete.”


 

Earlier, a winding-up petition served to Macclesfield Town over its unpaid tax bill was adjourned by the High Court for the tenth time.

A lawyer representing the Silkmen told the court the club intends to sell shares and have accepted an offer. The petition will now be reconsidered on 25 March

An earlier hearing revealed that Macclesfield Town owed a large amount of tax, and more than £180,000 to former manager Sol Campbell.

The case was adjourned until today (15th January 2020) in order to allow time for funds owed to clear.

 

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