We're conscious that we haven't been in touch for a little while so want to update you on what's happening. The following is our statement which will be released in the Bath Chronicle on Thursday 8 October:
"The Big Bath City Bid was launched in June 2015, and since then has worked tirelessly to put Bath City FC into the centre stage of life in our city. In the three months that followed we achieved widespread support across the city and beyond - from residents, businesses, charities, politicians, community groups and celebrities - all buying into the vision that community-ownership would finally give our city the football club it deserved. Having sold over £300,000 of community shares up to September, we have since run a consultation process which gave a resounding endorsement from fans and investors to continue pursuing the aim of community ownership.
The Big Bath City Bid team has therefore made the best possible offer it can to the five people who together are the majority shareholders of the current Bath City FC Limited. That offer was for a staged approach towards community ownership - ensuring the short term security of the club by addressing its urgent debts, injecting working capital, and beginning a renewed campaign to generate the balance of funds required to complete the conversion to full community ownership within an agreed timescale. We have thus far been unable to reach agreement with the five major shareholders on this proposal, but discussions continue between the parties in a positive and constructive spirit. We will provide further updates as negotiations continue. We’d like to thank everyone who has committed to the Bid so far, and other supporters, and assure them that we remain committed to the aim of community ownership as the best way to ensure a sustainable and prosperous future for Bath City FC."
Thank you for your patience while we continue to work hard to ensure the best possible outcome for the Club and the Bid. We will get back to you just as soon as we're able to take further positive steps forwards.
"The Big Bath City Bid was launched in June 2015, and since then has worked tirelessly to put Bath City FC into the centre stage of life in our city. In the three months that followed we achieved widespread support across the city and beyond - from residents, businesses, charities, politicians, community groups and celebrities - all buying into the vision that community-ownership would finally give our city the football club it deserved. Having sold over £300,000 of community shares up to September, we have since run a consultation process which gave a resounding endorsement from fans and investors to continue pursuing the aim of community ownership.
The Big Bath City Bid team has therefore made the best possible offer it can to the five people who together are the majority shareholders of the current Bath City FC Limited. That offer was for a staged approach towards community ownership - ensuring the short term security of the club by addressing its urgent debts, injecting working capital, and beginning a renewed campaign to generate the balance of funds required to complete the conversion to full community ownership within an agreed timescale. We have thus far been unable to reach agreement with the five major shareholders on this proposal, but discussions continue between the parties in a positive and constructive spirit. We will provide further updates as negotiations continue. We’d like to thank everyone who has committed to the Bid so far, and other supporters, and assure them that we remain committed to the aim of community ownership as the best way to ensure a sustainable and prosperous future for Bath City FC."
Thank you for your patience while we continue to work hard to ensure the best possible outcome for the Club and the Bid. We will get back to you just as soon as we're able to take further positive steps forwards.
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