Andrew Abbott's Blog

Wednesday, 18 January 2012

Current investors believe in self help.

These dark mornings, poor weather, post Christmas blues, not even the football to cheer us up but there was a late present for long suffering Imps fans this morning. It has been announced that a new investment of around £500000 is to be made into the football club.

A restructuring will also take place with the club effectively being run by a holding company. The new investors are……The existing shareholders. Well it is Lincoln City and if Roman Abramovitch has any relatives wanting to invest in football clubs they won’t be looking at us. Hey ho, the Lord helps them as help themselves my Mum always said.

Naturally some fans are starting to talk about a promotion push but I would imagine the stark reality must be that, such is the financial hole City find themselves in as a result of relegation and in view of the plight of others particularly poor old Darlington the money will be soaked up merely keeping going but the board and the trust hope more investment will follow.

Bob Dorrian was no doubt relieved to have some good news to impart for a change. He told BBC Lincolnshire:-

"This is a new chapter in the history of Lincoln City Football Club and gives the foundations and platform for a realistic business model for next season and thereafter."

The supporters trust will also be part of the holding company also made a statement:-

"The new investments from Bob Dorrian, Lincolnshire Co-operative and Lindum Group demonstrates their great commitment to the Imps.

"We hope that this will encourage further new investment in to the club, something which the Trust has actively supported for many years."

Some support for our beleaguered chairman, still with ringing in his ears after last Saturdays damp squib of a cup game. He will be hoping as we all do that there will be more good news tonight, we could do with some.

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