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Page last updated at 12:27 GMT, Thursday, 12 February 2009

Weymouth takeover talks collapse

Weymouth

The crisis at Blue Square Premier side Weymouth has deepened after takeover talks with prospective investors ended.

Chief executive Gary Calder has told BBC Radio Solent the proposed takeover deal with former Cambridge United chairman Lee Power is dead.

Power and Colin Hill, brother of former manager Garry, had been in discussions with Calder about taking over.

"At this moment I can't see that this will be taken forward, so we have to look at every option," Calder said.

"Various people from local businesses have come in and spoken to me and we are still looking, but at this moment in time the Colin Hill and Lee Power scenario is dead in the water," he added.

Calder revealed that talks had broken down after an offer for the land surrounding the Wessex Stadium was turned down by land-owners Morgan Sindall Investments Ltd, a company part-owned by former chairman Malcolm Curtis.

The club's plight was highlighted on Monday when members of the first-team squad issued a 14-day payment notice - meaning they will be free to walk away from the club on 23 February.

On the pitch Alan Lewer's squad have been performing well, remaining unbeaten in their four Blue Square Premier league matches so far in 2009.

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see also
Terras' Calder to decide future
03 Feb 09 |  Weymouth
Takeover moves closer at Weymouth
31 Jan 09 |  Weymouth


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