On the back of last week’s good news regarding the Boro’s adjourned winding up order and the approval of the validation, the Co-Operative would like to announce that the board has approved a substantial investment of its funds into the Football Club in return for shares and a likely Fan Director role.
Over the last few months, Co-Op board members have had a series of meetings with Jimmy Ginnelly and other investors which have been encouraging. All involved appear to have a similar ethos to the Co-Operative in trying to get the Boro back into the centre of the local community. The finer details such as the club’s structure and shareholders agreement need to be finalised, and all Co-Op members will be updated regarding this as soon as possible.
The Football Club still faces some big challenges in the upcoming months, and we would encourage all Boro fans to continue to support the Boro’s fundraising events and efforts in order to put the club on a more level footing.
We would like to put on record our thanks to Jimmy and the others who have helped get the club to this point and look forward to working with them for many seasons to come.
Up the Boro!”