Good news from Nuneaton

KHIST have received a message from Mark Axon – Chairman of the Nuneaton Borough Supporters Co-operative – to inform us of the following statement and to thank Trust members (and others who contributed to our recent appeal) for our support.

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Nuneaton Borough Supporter’s Co-operative

 

Statement regarding Boro investment and involvement.

April 3, 2019

On the back of last week’s good news regarding the Boro’s adjourned winding up order and the approval of the validation, the Co-Operative would like to announce that the board has approved a substantial investment of its funds into the Football Club in return for shares and a likely Fan Director role.

Over the last few months, Co-Op board members have had a series of meetings with Jimmy Ginnelly and other investors which have been encouraging. All involved appear to have a similar ethos to the Co-Operative in trying to get the Boro back into the centre of the local community. The finer details such as the club’s structure and shareholders agreement need to be finalised, and all Co-Op members will be updated regarding this as soon as possible.

The Football Club still faces some big challenges in the upcoming months, and we would encourage all Boro fans to continue to support the Boro’s fundraising events and efforts in order to put the club on a more level footing.

We would like to put on record our thanks to Jimmy and the others who have helped get the club to this point and look forward to working with them for many seasons to come.

Up the Boro!”

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KHIST were only too pleased to have been able to contribute, in a small way, to assist the efforts of Nuneaton fans, led by their Co-operative, and have been delighted to receive such positive news. There’s still much to be done but, It does now seem that better times are ’round the corner’ for ’the Boro. We wish them success.

On behalf of the supporters we each represent, it’s now intended that KHIST and NBSC will build a strong relationship for the future. In the meantime, we have offered our ongoing advice/assistance and agreed to stay in touch.

We will keep our members informed of developments.

Well done everybody. We can be proud of what we’ve helped to achieve !