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Page last updated at 13:08 GMT, Saturday, 30 October 2010 14:08 UK

Kidderminster Harriers accept Dave Reynolds takeover

Kidderminster Harriers

Kidderminster Harriers' board of directors have accepted an offer to purchase a majority shareholding from former chairman Dave Reynolds.

Chairman Barry Norgrove and fellow director Neil Savery also had their offers to resign accepted by the board.

Reynolds will act as chairman until a long-term successor is found.

"Ideally I will be looking to recruit a figurehead to act as chairman for the longer term," a statement from Reynolds on the club website said.

"In the short term, I have managed to ensure the club is in the right hands and can move forward from here.

"I am committed, along with the new board member Mark Serrell, to alleviating some significant outstanding debt which will need to be paid within the next few weeks.

There still remains a debt situation that is not sustainable without the help, not only of the club's board and staff, but also the general public and our loyal supporters

Dave Reynolds

"There still remains a debt situation that is not sustainable without the help, not only of the club's board and staff, but also the general public and our loyal supporters."

Norgrove agreed to step down as Harriers chairman in order to help attract new investors.

Five parties were believed to be interested in buying the mid-table Blue Square Bet Premier side.

Earlier this month he told BBC Hereford & Worcester: "I feel I am holding the club back. We need fresh investment to get to the higher end of the table and I do not have the finances to do that."

"I have been here for 10 years and have done all I possibly can, and we have had some success along the way.

"But I just feel now that, with my own business struggling, and with the tragic loss of one of our directors earlier this year in Gordon Howard, I am not in a position to take Kidderminster Harriers forward in the way I would like."



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