Takeover talks ongoing to save Coventry United Ladies from liquidation - The Coventry Observer

17th Aug, 2022

Takeover talks ongoing to save Coventry United Ladies from liquidation

COVENTRY UNITED LADIES are in talks to be saved from liquidation with Energy Angels chief executive Lewis Taylor willing to invest between £200,000 to £250,000.

 

The club entered voluntary liquidation just two days before Christmas and are set to be liquidated on January 4 (tonight).

 

However, there is now hope that a deal can be struck to save the Red and Greens with Taylor in talks to take over the club.

 

Taylor is the chief executive of Midlands-based energy company Energy Angels and is confident a deal will be struck before tonight’s 11.59pm deadline with shareholders needing to approve his offer.

 

Taylor told Sky Sports News: “The deal is solely between us and the existing shareholders, so we’re not reliant on any third parties to say we can or can’t do this.

 

“I envisage the existing shareholders to just be happy someone else is willing to take it all on.

 

“The priority is to make sure everything is stable from tomorrow (Tuesday) and then if there’s any legal stuff that needs to happen, we can concentrate on that in the background.

 

“We’re not doing this just to keep the team together this season. That’s the immediate concern, but I wouldn’t be here doing this if it was only for this season.

 

“There’s a potential to play WSL here, which should always be the goal.”

 

Taylor held virtual meetings on New Year’s Day with manager Jay Bradford and the club’s players to explain his takeover bid.

 

He said: “We’ve had a really positive response from the squad.

 

“We will sure the situation up very quickly and get the players paid for a start and make sure we’re training on Wednesday morning.

 

“I want to reverse everything to December 22 when everything was okay and give reassurances that the players have the confidence to go and train, play and get results.”

 

A crowdfunding campaign set-up by Michael Mogan MBE to support the club’s players and staff has reached over £14,000 in donations.

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