The Trust Board are pleased to note that a consortium led by Raj Singh has exchanged contracts with John Blackledge for a takeover of Hartlepool United Football Club which, subject to National League and FA approval, will finally put to an end a period of significant and unwelcome uncertainty for our club. We would like to thank everyone involved in getting the deal completed and encourage all stakeholders in the club to come together to work with Mr Singh, his partners and Craig Hignett towards a successful and sustainable future for HUFC.
There should be no doubt from supporters that there is great deal of work required to transform the fortunes of the club given the current situation, particularly following our relegation from the football league, the financial effects of which are yet to be realised in full. There are difficult decisions to be made by the new management and changes within the club should be expected to ensure we avoid reaching this point again.
Following the relevant approvals we will be asking to meet Mr Singh again at the earliest opportunity and offering him our support, including for his club restructuring using recommendations and advice from our report that was compiled at our request by experts at Supporters Direct.
We welcome Mr Singh to Hartlepool United and look forward to working closely with him for the success of our club.