Hartlepool United Supporters' Trust issue statement amid takeover interest at Victoria Park

Hartlepool United Supporters’ Trust (HUST) have called for urgent clarity from the club amid takeover interest at Victoria Park.

Tuesday, 4th August 2020, 2:02 pm
Victoria Park, home of Hartlepool United.

News broke earlier today of a ‘substantial bid’ made by an unnamed consortium keen to take charge at Hartlepool United, though officials at The Vic are yet to comment.

The Mail understands the group has links to America but no further details have yet emerged of the individuals involved.

Owner Raj Singh, who has pumped more than £2million into the club since taking charge two years ago, has regularly stated since taking charge that it was always his ‘aim and intention to attract partnership investment’ to help share the burden.

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The news of takeover interest broke at lunchtime on Tuesday.

Experienced journalist Nick Loughlin, who has covered Pools for many years, tweeted: “I understand a substantial bid has been made by a consortium to takeover Hartlepool United.

“They are awaiting a response to their attractive offer from the current owner Raj Singh and have firm plans to strongly invest in the club and team.”

Shortly afterwards, HUST released a statement.

It read: “HUST are aware of the reports on social media that HUFC are subject to a consortium takeover bid and we are aiming to seek clarity directly from the club on the matter.

“As you are likely aware HUST have been in discussions about equity investment with the current owner following feedback from our members, and have also had regular dialogue with the club on other ways in which we can support the club in line with HUSTs goals, and have been working closely with the club on initiatives to help HUFC in both the short and longer term.

"HUST continues to be committed to this support and we hope that any developments is in the best interests of HUFC and the wider community.”

In May Pools announced proposals to launch a share issue scheme for fans, fan groups and local businesses in a bid to raise £200,000 in the first year.

The Equity Participation Scheme aimed to raise up to £200,000 in its first year in return for a share of the business.

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