Latest news release issued from Stockport County Supporters Co-operative:
“Each shareholder was asked to clarify their intentions prior to the end of last season. Former Chairman Peter Snape, Mike Clark, David Dyson, Ken Graham and Stewart Vann have each decided to write off their outstanding loans and gift their shares back to the club.
A Club spokesperson said: “The Club is indebted to Peter, Mike, David, Ken and Stewart for this extremely generous gesture. Each of the aforementioned individuals was there for the club in its hour of need, investing their personal finances into Stockport County to ensure that the club survived. We thank them wholeheartedly for their support then and also for their support now which allows the club to advance its search for further investment.”
Former Shareholder Mike Clark said: “Stockport County is an integral part of our town and I had no hesitation in supporting the club in its hour of need. The club is in safe hands and I wish the remaining shareholders and the board of directors well in their search for new investment to secure its future. I have also informed the board that if I am able to help in any way in the future then I am more than happy to do so.”
Six other shareholders have decided to retain their shareholding and to continue to support the Hatters financially. Simon Bellamy, Sharon Brammall, Malcolm Cooke, Richard Park, Spencer Fearn and Stockport Sports Trust are working together with the board of directors and the current management team at Edgeley Park to continue the rebuilding of the club. The clarification of the shareholding situation also allows the club to progress its search for new investment.
The club is currently awaiting the decision of two other shareholders and expects this to be clarified in the very near future.”