At Thursday evening’s EGM, a resolution was tabled to amend the current Articles of Memorandum to allow there to be no limit on the purchase of shares – as the current articles stipulate a maximum of 10% shares. This motion was passed unanimously.
Chairman Rod Brown explained that, over the past two years, the club has worked extremely hard to stabilise the club and work on improving its involvement in the community.
He explained that relationships had been improved with our generous sponsors and that he was fortunate to bring in share investment, that allowed Sporting to participate at the level currently enjoyed.
Rod Brown added: “To maintain and to be sustainable at this level, the revenue needed wasn’t there and, therefore, I believe the only way forward in today’s world is the ability for investment in the club.
“Our contemporaries around us – Worcester, Stourbridge, Halesowen, Redditch and Alvechurch – are all privately owned and have revenue streams beyond just gate receipts.
“Now we can look forward to renewed investment and excitement.”
