MyFC vote clears path to Fleet takeover

MyFootballClub members have voted overwhelmingly in favour of selling their 75% share to Kuwaiti investment group KEH Sports Ltd.

The vote, concluded at midday, saw 96.24% back the move to allow a deal to proceed with KEH, which is led by former Charlton Athletic chairman Peter Varney. The potential new owners have promised a significant budget increase and planning for stadium development, together with a training ground and community facility within Gravesend.

The Fleet Trust welcomed the news, commenting in a statement this afternoon:

“The Board of the Fleet Trust today, 13 May 2013, welcomes the result of the My Football Club (MyFC) vote in which over 96 percent approved the sale of Ebbsfleet United Football Club (EUFC) to KEH Sports Limited (KSL).

The Board would like to place on record our thanks to those who negotiated the deal and to the MyFC members who voted.

The Trust now hope that the necessary due diligence can be achieved in a timely fashion to enable the KSL purchase of EUFC to be concluded without delay.

Vice-Chair Emily Connolly commented: ‘This is a momentous day for the Fleet. This season has been one of the toughest for EUFC in recent times, but we now hope that a new era of consensus, stability and significant financial investment is just around the corner.

‘Once the deal has been concluded, the Trust Board look forward to working with Peter Varney and KSL for the benefit of the club, all Fleet fans and the Gravesend and Northfleet community.'”

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