Peter Varney confident of Ebbsfleet United takeover
PUBLISHED: 16:58 14 May 2013 | UPDATED: 16:58 14 May 2013
Peter Varney is confident the group he is fronting will take over financially-stricken Ebbsfleet United sooner rather than later.
The former Charlton chief executive is in the same role at KEH Sports Ltd - and yesterday the overwhelming majority of members belonging to owners MyFootballClub voted to transfer their shares to the company, which is a subsidiary of the Kuwaiti European Holdings.
Mr Varney said, who was appointed to head up the newly-formed sports arm of the company last month, said: “There is a process of due diligence to take place. Everything is geared up to try and complete the takeover by 31 May.
“When we take over the club we will be entirely debt-free. It is not money coming in as loans to go against future assets. It is a cash injection to turn the club around and point it back in the right direction.”
KEH Sports Ltd now plan to work on persuading the minority shareholders, who hold 25 per cent of the shares, to sell theirs to company so they can take full control.
Their deal includes releasing a transfer kitty worth £100,000 next season along with £8,000 a week for the playing squad, as well as paying of 10 per cent of the debts owed to creditors and MyFC, with the rest being written off.
The company have also said they will look at redeveloping the club’s Stonebridge Road ground.
Fleet, who will play in the Conference South next season, also face the threat of a winding-up action from the administrator of Fleet Leisure Limited.
It is scheduled to be heard in the High Court on June 6.