Owner breaks his silence to confirm sale ‘in principle’
AFTER more than a month of silence Macclesfield Town owner Amar AlKadhi has confirmed he has agreed ‘in principle’ to sell his controlling stake in the club.
His statement came on the same day the Silkmen were given another date at the Insolvency and Companies Court to face a winding up petition.
As part of these proceedings a lawyer representing the club told Judge Mark Mullen that the owner intends to sell shares and an offer has been accepted.
And the statement from Mr AlKadhi shed a little more light on the matter.
He said: “Back in December, I advised that negotiations regarding the sale of a controlling stake in the club were at an advanced stage with various third parties.
“Much progress has been made in this regard since then and this is exemplified by the fact that bids have now been accepted in principle.
“Legally, I cannot divulge any further information on these as they are subject to non-disclosure agreements which I have to respect.
“Suffice to say that every effort is being made to conclude this process in a timely manner and that I will work tirelessly with everyone concerned until the sale is complete.”
It was reported in November that businessman Joe Sealey, son of former Manchester
United goalkeeper Les, had made an offer to buy Macclesfield Town.
And in early December Mr AlKadhi confirmed he was in ‘advanced negotiations with various third parties’ to sell the club. None of the names of the third parties were revealed.
The winding-up hearing on Wednesday, January 15, was adjourned to March 25.
Tax officials have asked for the Silkmen to be wound up because debts have not been paid. Former manager Sol Campbell has supported that application.
Judges have been told that Macclesfield bosses owe a ‘very large’ amount of tax and owe Campbell more than £180,000. A lawyer representing HM Revenue and Customs asked Judge Mullen to adjourn the case to give Macclesfield bosses time to settle debts.
It is the 10th time the matter has been adjourned.