BWFC Chairman Ken Anderson is pleased to be able to announce that his wholly owned company Inner Circle Investments Limited has agreed a deal with Andrew Hosking of Quantuma Limited acting as the Liquidator of Sport Shield BWFC Limited to acquire their former shareholding in Burnden Leisure Limited.
This transaction will increase Inner Circle’s shareholding to 95% and bring an end to the uncertain position the club has endured over the past few months.
The Club is also pleased to confirm that a new arrangement has been agreed with Blumarble bringing to an end the uncertainty around this facility.
Ken Anderson said: “I am extremely pleased that this matter has been brought to a satisfactory conclusion and we can now all concentrate on taking the business forward without any further off-field distractions, which have been so publicly aired in the past.
“I would very much like to thank Blumarble for all of their cooperation in swiftly concluding the situation in respect of the outstanding loan. Throughout these negotiations their desire was to minimise any damage to the business and have remained very supportive of the football club.
“I’d like to thank all our loyal fans for their continued patience and support throughout this period when people who do not have the best interests in our football club have tried to destabilise the business for their own benefit.
“Now, with this issue fully resolved we can now all fully concentrate on supporting Phil Parkinson, his staff and the players without any distractions.”