Rochdale at risk of liquidation

[Supershrimper]

According to their Chairman. 3 down this year possibly if they do go to the wall (Wouldn't wish that on even Col U)

Rochdale could be liquidated by end of March

Rochdale chairman Simon Gauge says the National League club needs fresh investment to survive.

www.bbc.co.uk

Reading it and the statement it sounds like investment has been found, but they need to change the share structure, which requires a vote and as its a fan owned club (since 2022 I believe) requires the current share holders to vote on it.

I like the idea of fan owned club, but when times get sticky and investment us required it's harder fir those "owners" to lump in the cash like the richer owners.

Hopefully our consortium is on the right lines by getting us on a more financially stable path to aid stability.

 

[Bearded Shrimper]

i've said it before, I'll say it again. football can't go on with the way clubs are owned

 

[Holy Joe]

I don't know enough about the story at Dale - the BBC article says they're fan owned, but one dude is/was putting money in, which doesnt make sense

 

[ColinMorrisWalksOnWater]

More detail from Manchester evening News, but safe is not a word I would use at this time sadly.

Rochdale AFC takeover MUST happen before end of March or club faces liquidation

Chairman Simon Gauge has warned that the football club could go under if a deal is not agreed in the coming weeks

www.manchestereveningnews.co.uk

 

[Supershrimper]

I don't know enough about the story at Dale - the BBC article says they're fan owned, but one dude is/was putting money in, which doesnt make sense

43.3% of shares are owned by the current serving Board of Directors which comprises eight statutory Directors and three Non-Executive directors. The Dale Supporters Trust, continues to own 13.9% and is the largest individual shareholder of the club. The remaining 42.8% of shares are owned by over 500 different individual shareholding supporters of the club

The chairman was in the 43.3% group