Source: Team_Talk
Shrimpers snub investment offer
The Shrimpers have an outstanding tax bill of £690,000 and are facing entering administration, a move which would take them from 10th into the relegation zone.[LNB]Reports suggested a local consortium had made an offer to chairman Ron Martin and, while the club have confirmed that, they have also revealed that they have turned it down.[LNB]A statement issued on Tuesday night read: "Yesterday morning the board received an offer through a local solicitor on behalf of a number of unnamed investors.[LNB]"The board are always prepared to consider proposals that are in the best interests of the club. After an exchange of correspondence it became clear that such a transaction could not be structured in the time available.[LNB]"In any event our information is that the proposed structure would still result in a 10-point deduction.[LNB]"The board's advice to the major shareholder was that the resources of the club continue to be focused 100% on the other alternatives already being pursued."[LNB][LNB]