To follow the open meeting of Trust members and supporters on the future ownership of Newport County AFC, held in mid-August, we are now able to give an update.
The Board of Directors is in advanced negotiations with the two potential investor groups who are interested in making a significant investment in the club in return for a majority shareholding, This is a complex process during which the Board is taking advice and guidance from the Football Supporters Association (FSA).
We are on track to be able to present a bidder to Trust members within the month of September as set out at the meeting and as covered in the media.
An approval to sell a majority shareholding in the Club can only by made by Trust members themselves at a Special General Meeting. A provisional date for this meeting has been set for Thursday 28th September at Rodney Parade at 7.00 p.m. A formal notice for the meeting will follow shortly. Please put this date in your diary and make every effort to attend.
The closing date for new members to be able to join the Trust in time to take part in this important vote is Monday 11th September.