Kuwaiti company headed by former Charlton chief executive close on Ebbsfleet takeover
PUBLISHED: 13:59 10 May 2013 | UPDATED: 14:07 10 May 2013
A vote which could see Ebbsfleet United taken over by a Kuwaiti investment group fronted by former Charlton Athletic chief executive Peter Varney is due to go ahead in a matter of days.
A statement issued yesterday said the club has entered into detailed negotiations with KEH Sports Ltd, a subsidiary of Kuwaiti European Holdings Company.
It will be subject to a vote by members of current owners MyFootballClub, and if more than 75 per cent vote in favour, the takeover will be subject to due diligence and could go through in a matter of days.
The result of the vote is due on Monday and minor shareholders will also meet over the weekend to reveal their decision.
Fleet chairman Jessica McQueen said the club would “benefit greatly” from having someone with Mr Varney’s experience involved in the club - and admitted time is of the essence.
“If it happens it will only be for the better because Mr Varney will bring with him a wealth of football experience.
“The quicker a takeover goes through the better, because we need to put a football team out.
“All the players were out of contract at the end of the season and we can’t offer new contracts for anything while the club is being sold - be it players or supplying our toilet role.”
Kuwaiti European holdings is a company which specialises in real estate, health care and tourism.
This appears to end the hopes of 38-year-old businessman Carlos Kabir Karani’s hopes of investing in Ebbsfleet.
Mrs McQueen said: “We have never had a business proposal from Mr Karani. There’s been a lot of publicity, but not much substance, and as we speak we still have not received anything from him.”
Mr Varney was appointed as the new chief executive of KEH Sports Ltd at the end of April.
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