Ciderspace News Page : Football League Bounce Stockport Share Transfer
15 January 2010 : Football League Bounce Stockport Share Transfer
The Football League are still unwilling to accept League One side Stockport County's attempts to come out of administration. A meeting held yesterday between the Melrose Consortium trying to take over the club and the Football League resulted in the league still refusing to hand over the 'Golden Share' to the new company.

Stockport have been in administration since April 2009, and the Melrose Consortium, headed by former Manchester City player Jim Melrose have been the only serious party bidding to buy the club from the administrators. However, time has marched on ... and on ... and on without any tangible progress being made, and Stockport fans reached the point last month where they made the decision to launch a protest march against the various authorities involved.

Administrators Leonard Curtis, who despite supposedly being in charge of the day to day running of the club, were not present at yesterday's meeting with the Football League, and have subsequently issued a statement saying that they will now try and find out what was said yesterday:

"We understand that they were unable to recommend that the Football League Share be transferred at this time as there were still some issues to be resolved. We have requested that the Football League confirm what matters remain outstanding and have offered our assistance to both the Football League and the Melrose Consortium to resolve these matters if possible."

The previous rejection of the consortium's bid, back in December, prompted press speculation that if Stockport did not come out of administration by the end of the season then they would be expelled from the Football League. Official confirmation of that, and which league they will drop into as a result, hasn't been made clear.


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