Lapping deal on hold

Last updated : 19 May 2015 By Paddock pundit
Club Statement:
 
Carlisle United Football Club are pleased to announce they have received a prospective new investment offer from a second party which has expressed a genuine and firm interest in taking the club forward on a fresh financial basis. 
 
This proposed investment is structured over a three to five year period as opposed to a one-off injection of funding.
 
The Club held lengthy discussions with their legal and financial advisers yesterday evening and it has subsequently been decided that current discussions about the Club's shareholding should be temporarily put on hold until this new offer is fully assessed.
 
Chairman Andrew Jenkins said: "It is our duty as directors to get the best possible deal for the long-term future of the Club. Therefore, it is essential that we take time to consider this latest development."
 
In the meantime, the recruitment of new players and retention of existing players is continuing and Keith Curle and his backroom team have been kept informed.
 
The Club remains committed to appointing a new Managing Director and a new Sales and Marketing Director but because of this new investment offer, the Club will temporarily put on hold planned appointments of all senior non-playing staff.
 
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Read more at http://www.carlisleunited.co.uk/news/article/official-club-statement-dated-19-may-2015-2463323.aspx#z2guLgdbvsjfLkZQ.99