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Machala Secures New Shots Investor

Machala Secures New Shots Investor

Former Chairman, but current majority shareholder Kris Machala has said he has secured a new investor for Aldershot.

At the Shareholders AGM on Thursday the club owner voted against a resolution in favour of restructing capital funding and the creation of a vehicle to attract an additional £1million worth of investment via a new share offering, explaining that he had obtained an alternative investor into the club.

The full statement from the board can be read by clicking here.

'Mr Machala also gave an assurance that this will provide the opportunity to repay loans due to directors and others that will no longer need to be restructed as was being in the process of discussion by the Board. Mr Machala also confirmed that the investor has a football heritage and that they will secure high quality overseas players whether the club is in the Football League or Conference.'

Machala said he would provide funds until the agreement with the new investor was made, and he's hopeful that a presentation to the Board can be made on April 22.

There will be no further comment from the club at this time owing to confidentiality.

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Writer:Site Staff
Date:Friday April 19 2013
Time: 11:21PM

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