COG Working Party Press Release – 11th February 2014

KILMARNOCK FC SUPPORTERS GROUP MAKE OFFER TO PURCHASE THEIR CLUB

The Killie (Community) Working Party, established with support from  Supporters Direct Scotland, has announced its intention to make an offer  to purchase Kilmarnock FC’s Chairman’s entire shareholding.

garybioGary  Torbett, on behalf of The Killie (Community) Working Party, said: “We  would like to acknowledge the work being undertaken by the Chairman of  Kilmarnock Football Club to make the club debt free and would positively  encourage him to make every effort to come to an agreement with the  club bankers and other significant lenders to reduce the debt to zero.   The Killie (Community) Working Party would like to make an offer to  purchase the Chairman’s entire shareholding if this can be achieved.”

“This  offer would be contingent on a fair valuation of the company and the  completion of a satisfactory due diligence process.  This purchase would  be undertaken by a new Community Interest Company (CIC) with a  democratically elected board.”

Scottish-FansPaul Goodwin, Head of Supporters  Direct Scotland said, “I met with Michael Johnston, on behalf of The  Killie (Community) Working Party, on Friday [7th February] and conveyed  the outline of the supporters’ offer.  I reiterated SDS’ willingness to  assist in progressing this offer to a satisfactory conclusion for both  parties.”

Gary Torbett added: “We see this move as a genuine step forward as we prepare to get our club back.

Unfortunately  there remains concern amongst supporters with the long term position of  the club and we firmly believe that fan and community ownership is  where that lies rather than relying on a single majority shareholder who  won’t be around for ever.  The only constants at any club are the fans  and the community it is based in.”

“We will shortly launch our formal efforts to raise the money to take  the club into community ownership and we hope that the business  community – both private and public – as well as community groups and  supporters will get behind us.”

Kilmarnock fans have a history of successful fundraising and  community involvement. Over £100,000 has been directly raised for the  Club’s youth development programme and a number of initiatives driven by  The Killie Trust have seen financial awards to a many community based  projects in recent years.

The Killie (Community) Working Party is made up, in no particular order, of:

  • The Killie Trust
  • The Kilmarnock FC Supporters Association
  • Minority shareholders in Kilmarnock FC
  • The Business Club
  • Young Kilmarnock

Issued on behalf of The Killie (Community) Working Party by Supporters Direct Scotland.

For further information please contact Paul Goodwin on 07702 252519 or Gary Torbett  on 07905 478179

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