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Archived News from February 2008

6th February 2008 13:15

Two new groups show Stags buyout interest
CHAD.co.uk, 6 Feb 2008, By Tim Morriss

TWO new groups came forward over the weekend to show an interest in buying Mansfield Town Football Club — as the Stags again sank to the foot of the Football League.
Owner Keith Haslam, currently considering two firm offers for the club as revealed by Chad last week, now appears to have five options as he continues his protracted efforts to sell the Stags.

But it is the club's League position, the now very real threat of relegation to non league football, which is worrying fans.

They fear the club will be relegated from the League for the first time if money is not made available immediately — possibly from new owners — for an influx of more new players.

But they also know the uncertainty over which League the Stags will be in next season is probably hindering progress in the takeover talks.

Chief executive Stephen Booth admitted to Chad on Tuesday: "Given the club's current predicament I would rather it is all sorted out sooner rather than later. But these things take time."

Mr Booth said the 'two new expressions of interest' had yet to make a firm bid, adding that the two bids placed a week earlier 'were being progressed through negotiations'.

He added that there had also been another expression of interest over recent weeks which had yet to be turned into a firm offer.


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