The Football League Paper - - CHAMPIONSHIP -

AC­CRING­TON Stan­ley be­lieve they are set for a bright fu­ture af­ter re­ceiv­ing sub­stan­tial financial back­ing.

A new deal to clear £1.2m of old debt and se­cure around £600,000 in new work­ing cap­i­tal for the club has been agreed with lo­cal com­pany What More UK Ltd, a lead­ing sup­plier of plas­tic house­wares.

The deal was fi­nalised at a meet­ing of the club’s share­hold­ers on Wed­nes­day night and will put the Lan­cashire club on a se­cure financial foot­ing for the first time in many years.

What More’s in­volve­ment with Stan­ley be­gan ear­lier this year when they be­came the club’s new sta­dium spon­sor.

The new re­fi­nanc­ing deal means that founder Andy Holt and his com­pany to­gether hold more than three-quar­ters of the to­tal shares in Ac­cring­ton Stan­ley, mak­ing him the ma­jor­ity share­holder.

The 51-year-old said: “Part of me wanted to re­main just a fan, but the busi­ness­man in me wanted to get in­volved and do what­ever I could to help.

“Let’s be clear, what­ever in­di­vid­ual, com­pany or other en­tity owns the club is largely ir­rel­e­vant, be­cause this isn’t a busi­ness ven­ture.

“Has any­one ever made a profit out of Ac­cring­ton Stan­ley? In 50 years I will be dust blow­ing in the wind – hope­fully our in­put will mean the club is not!

“It’s about cus­to­di­an­ship of the club, and I am just the lat­est in a long line of cus­to­di­ans who have kept Ac­cring­ton Stan­ley afloat over the years.

“All that re­ally mat­ters is that the club keeps go­ing now and into the fu­ture, and I will be do­ing my level best on the busi­ness side of things to make sure that hap­pens.”

Man­ager John Cole­man added: “There are ex­cit­ing times ahead whether you are a mem­ber of staff, a player or a fan.

“There re­ally couldn't be a bet­ter time to be at Ac­cring­ton Stan­ley!”

FAN: Andy Holt

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