Shropshire Star

AFC Telford to put shares up for sale

AFC Telford United hope to have the club's ownership status wrapped up by Christmas after proposals to change the business model were backed.

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There is said to be "significant" interest from potential investors, who will soon be able to buy a maximum number of 1,000 shares at a cost of £100 per share.

The football club will issue a total of 5,000 shares.

The business will begin issuing shares shortly as the scheme is still to be finalised to a "watertight" level.

Each potential investor is limited to buying just 20 per cent of the club and supporters' trust chairman Steve Bowyer confirmed it was in the interest of safeguarding the future. The National League North club aims to raise £500,000 once all of the shares are sold.

Meanwhile assistant boss Larry Chambers insists it is business as usual after the club carried a proposal to change business models.

Both Chambers and boss Rob Smith have reiterated their role is to continue the team's progress on the field while decisions behind the scenes are made in the best interests of the football club.

The duo have guided the Bucks to consecutive National League North wins, lifting them to 12th in the table.

Chambers spoke candidly about how Monday night's special general meeting does nothing to change his and Smith's position – adding that recent good work can quickly be undone.

"Both myself and Rob want to concentrate on things on the pitch," Chambers said. "Our activities stay the same week to week. The changes behind the scene don't interest us other than as long as we know it's the best interest and the benefit of the club.

"So we will continue to concentrate on things on the field."

Successive victories against FC United of Manchester and Altrincham have the table looking much brighter from a Telford perspective.

"Winning breeds confidence and we're now looking forward to training and playing matches," said Chambers. "We're working hard to carry it on but we're not going to get complacent."

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