Takeover hits the target
By Stuart Gillespie
Updated Friday, 15th June 2012
The 10000Hours community interest company looking to buy a controlling stake in Saints has now reached the required number of direct debits and plans to meet with the selling consortium next week.
The CIC needed to have found at least £7,500 worth of pledges per month by today for things to be a goer. They have now exceeded that target, with the current tally at more than £8,000. Pledgers include former Buddies Steven McGarry, Ricky Gillies and Barry McLaughlin.
10000Hours say they plan to meet on Monday to discuss the way forward before meeting with the selling consortium to see where things go. The bid still needs people to sign up to the more expensive 87 and 1877 clubs and it'll be interesting to see how many members these categories have. They are needed to provide the up front cash the selling consortium are after.
Story source: 10000Hours
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