‘Encouraging’ signs over attracting new investors and sponsors to Hartlepool United

Russ Green, Hartlepool United chief executive
Russ Green, Hartlepool United chief executive

HARTLEPOOL United chief executive Russ Green says the signs of attracting new investors and sponsors into the club are “encouraging”.

A planned takeover by TMH 2014 collapsed last month following the decision by IOR and the club to pull the plug on the deal at the final hurdle.

We are working behind the scenes to attract new blood into the club and, to date, things are encouraging.

Russ Green, Hartlepool United’s chief executive

It collapsed following serious concerns within the club’s hierarchy about TMH’s long-term plans for Pools, leaving officials in search of new investment into the Sky Bet League Two side.

On the pitch Pools are struggling, six points adrift of safety, but Green said the club is run well off the pitch which makes it more attractive to potential investors.

“Following the failed takeover in January, as you know the club are currently seeking investors/sponsors to take us forward,” said Green.

“We are working behind the scenes to attract new blood into the club and, to date, things are encouraging.

“One plus to this is that the club, although in a perilous league position, is of interest to investors and major sponsors because of the way things have been operated by IOR over the years.

“Many clubs seeking new investors/owners are in total disarray which deters anyone interested in becoming involved in the game, but this club has been operating in a very disciplined, organised manner is of interest.

“We need this new impetus to drive the club forward and hopefully things will materialise before the season ends, giving everyone a positive feel for the future,” added Green, who was writing in his programme notes.

The concerns by IOR were serious enough to call the planned takeover off six weeks after it was first announced.

Speaking last month, Pools chairman Ken Hodcroft said the decision was taken with the interest of the club in mind.

The share purchase agreement (SPA) was signed in mid-December, but TMH had been waiting for Football League approval.

They got that partial approval at the end of January, which is the point the club and IOR called off the sale.

Meanwhile, plans to set up a Hartlepool United supporters’ trust are moving ahead following overwhelming support.

More than 100 concerned fans went along to an open meeting in the Corner Flag, at Victoria Park, at the weekend to voice their interest in being part of a trust.

The next step is to set up a Trust Board and Trustees as well as a meeting with a regional representative from the Football Supporters’ Federation.