Crewe MAD understand's that a local businessman may attempt to buy Crewe Alexandra Football Club, although this would be dependent on backers funding it who are believed to be in the Horse Racing scene. So then it's crunch time today with the EGM at the Alexandra Stadium tonight. With a big crowd expected at the Signals Lounge the present Crewe board will outline the future of the club and the direction it is going in (more can be said about the team on the pitch). As it stands at the moment with the club, 100,000 shares are in circulation with 86,659 being owned by the present board. Bowler 3,040 Clayton 6,427 Gradi 1,583 Hassall N 25,270 McMillan 1,525 Rowlinson D & N 25,299 Potts 23,035. The remaining shares (13,341) are held by 860 people and were correct as of 31 December 2005. With the new companies being set up over the last few months, no doubt questions will be asked, why? The new companies that were set up were Crewe Alexandra Ltd (1 June 2006), Crewe Alexandra Stadium Ltd (4 August 2006) and Crewe Alexandra Developments Ltd, which changed its name from Murrayvale Ltd on 22 August 2006. It seems that from the set up of CADL a loan went to Norman Hassall Ltd, Hassalls shares covered this as security of the loan from CADL. Speaking in the Cheshire edition of the Sentinel, Norman Hassall said, "There is nothing untoward going on. Anything we do is for the benefit of all shareholders. So the question should be asked why would the club loan money (Again!!) to help out a directors company? Even though the club will state that the loan will be earning a better rate of interest than a bank. Aside all of this it seems that money is much preferred to help assist a company than Crewe Alexandra FC. So no doubt, tonight people may question the board's ambitions and may even call for members of the board to move aside. That could happen, as it is believed that a local businessman and backers may turn their attentions to the League One club. All depends on how much the directors value the club and this after the club was on the market earlier on in the year after two directors put their combined shares up for £4m. |