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Page last updated at 16:29 GMT, Saturday, 31 January 2009

Takeover moves closer at Weymouth

Weymouth

A takeover of Blue Square Premier club Weymouth is set to be completed in the coming week, reports BBC Radio Solent.

Chief executive Gary Calder confirmed that a process of due diligence is to take place at the Wessex Stadium.

If that proves satisfactory businessmen Colin Hill and Lee Power, who resigned as a director of Rushden on Friday, will become the club's new owners.

Calder also revealed that if this latest takeover fails, the Terras could fall straight into liquidation.

But Rushden & Diamonds chairman Keith Cousins has rubbished suggestions he will also be investing in the club.

The purchase of Weymouth Football Club has nothing to do with me

Rushden chairman Keith Cousins
"That's completely untrue. Colin and Lee are just friends of mine who are looking to buy another club because Weymouth are in an appalling financial state," Cousins told the Rushden website.

"By association, someone has assumed I'm going there as well.

"However, I can assure everybody that I'm not involved and legally I wouldn't be entitled to do so anyway due to my ownership of Rushden & Diamonds.

"The purchase of Weymouth Football Club has nothing to do with me."

Previous Terras chairman Malcolm Curtis resigned earlier this month and transferred his 82% stake in the club to a holding company.



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see also
Beavon guarded on Terras future
19 Jan 09 |  Weymouth
Lewer to continue as Terras boss
02 Jan 09 |  Weymouth


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