The Club would like to issue the following statement in relation to the bid from Mr Paul Richardson and Mr Maxi Lopez.
The EFL were informed in July 2022 that the Club’s owners had accepted an approach from Mr Richardson and Mr Lopez for both St. Andrew’s Stadium and a shareholding in the Club.
A deal was agreed which is subject to the EFL’s approval process.
The parties are now working with the EFL to ensure they have the information required to make a decision on the proposed deal, and the roles of Mr Richardson and Mr Lopez as shareholders and directors.
In the meantime, the Club has welcomed them to the Stadium and to matches, so they can build the foundations for a successful working relationship and collaborate in the coming years.
Whilst this process has been ongoing, the Club have been unable to provide answers on many of the big issues affecting supporters, particularly the progress of the remedial works to the Tilton and Kop stands.
Therefore, the decision has been taken to provide our next update when there is a significant and/or substantial development.
We thank you for your continued support.