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Page last updated at 08:42 GMT, Tuesday, 30 June 2009 09:42 UK

Notts County Trust back takeover

Notts County

Notts County's Supporters Trust have voted overwhelmingly in support of the takeover by Middle Eastern consortium Munto Finance Ltd.

The Trust gave Munto's plans their backing on Monday and the deal is set to be completed in around two weeks.

Chairman John Armstrong-Holmes said: "It reflects the mood of anticipation among the vast majority of supporters.

"We are all excited about where Munto could take us. This is a historic landmark for our famous old club."

Members of the Trust were given until Monday afternoon to vote on the proposal that their 60% shareholding in the club should be gifted to Munto.

814 members voted in favour of the takeover, with just 55 against.

606: DEBATE
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"There is still work to be done to complete the takeover," Armstrong-Holmes said. "But now the votes have been cast we can clearly see the way forward. That can only be good news.

"This deal has made us the envy of clubs up and down the country.

"Although it has been proved many times before that money doesn't guarantee success in football, we are on the brink of a situation that will surely be unique in this club's history.

"Plans can actually be made to do things - on and off the field - without having to worry about whether we can afford it. I firmly believe Munto are the people to transform the fortunes of the club that we all care so deeply about."

There was an 83% turnout of the Trust's membership of 1,025 with voters also being asked to consider whether or not to write off loans the Trust had in the club - with 784 voting in favour and 78 against.

Peter Trembling, who is to become the new chairman and chief executive, is already installed at Meadow Lane and will immediately have a bigger say in the decision-making process.

Trust chairman Glenn Rolley added: "The Trust recognise that it is a magnificent opportunity to put Notts County back on the football map after so many years in the doldrums and have decided to give their full backing to Munto Finance.

"Time will tell whether the decision is the right one. But like everyone who cares about the future of Notts County, I'm genuinely excited about the way forward."



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