The owners of Maidstone United are looking to attract new investors to the club.
As they begin their tenth year in charge, Terry Casey and Oliver Ash are ready to bring in new partners to invest in stadium development and further the club’s on-field ambitions.
The co-owners, who took over the failing club in 2010 and built the 4,200 capacity Gallagher Stadium, are open to selling some or all of their shareholding.
Oliver Ash said: “It has been a fantastic project to bring the club home and we are proud of what has been achieved over the past few years.
“There are lots of very good people in the club working hard to make it stable and sustainable for the whole community to enjoy.
“As owners we have already invested a lot of money in the project and we have limited capital left, with which to take the club sustainably to the next level.
“Terry and I are prepared to consider staying in charge with a new partner backing us or to consider passing on control of the club to new owners.
“In either case we will have to be assured that the stature, means and intentions of any new investor are acceptable and that the interests of the club and its supporters are fully protected for the future.
“We have not spent nine years of our lives working hard for the good of the club only to see it slip into the wrong hands.”
Maidstone United is now a broad-based community football and social club, serving the local area. It is a self-financing operation which does not depend on annual subsidy.
That is a far cry from 2010 when the club was in desperate straits with some £350,000 of debt, running out of cash to pay operating losses and no home stadium to play in.
The two men were brought together at the last minute by Bill Williams, who knew that minority shareholder Ash was prepared to continue to support the club but needed a local partner.
After a few hours’ discussion and with a great leap of faith the two decided to work together and in the nine years since have invested £5,200,000 in developing the Gallagher Stadium.
Terry Casey said: “We would like to bring in new partners to invest in the development of the stadium.
“This includes a new seated stand on the riverside and the redevelopment of the Town End.
“With the right financial backing, the Town End could be totally transformed with a stand that will include changing rooms, hospitality lounges and refreshment facilities. These will not only meet the requirements of the EFL but also increase sustainable commercial revenues.
“The three seasons spent in The National League showed us the difficulty of sustaining the club at this level, let alone progressing to the EFL.
“This is the right time for Oliver and I to explore opportunities for new investors to come in and we’re ready to speak to any serious interested parties.”
For further information, please contact club secretary Ian Tucker.