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Bowden: New Big Investors
Bowden: New Big Investors
Sunday, 15th Oct 2006 21:46

Town chief executive Derek Bowden has confirmed that the recent share issue attracted a number of new larger investors. TWTD reported in July that significant sums had been invested by parties with no previous financial interest in the club.

Bowden told TWTD: “There have been two or three larger investors. I'm not going to say who they are, but there have been two or three larger investors, which is very good news.

“They are people we already knew. Every time you have a share issue or some other form of fundraising you find one or two new people who have either come into money or feel that it's the right time put some money into the club.

“There were also a lot of new smaller shareholders and one or two bigger shareholders adding to their shares, in addition to the investments earlier in the year, such as Michael Spencer buying more shares. I think the number of shareholders is now about 3,700.”

In an in-depth interview for TWTD issue 84, Bowden also confirms our earlier report that the share issue raised just over £600,000 and reveals that an extension to the interest holiday agreed with the club's lenders could see Norwich Union own up to 15% of Town.

Issue 84 of the fanzine will be on sale from our sellers around the ground ahead of Tuesday night's home game with Preston North End or via a six-issue subscription available here.

Existing electronic-only subscribers who haven't already noticed should note that issue 84 is now available online. Subscribers to the paper-based fanzine will receive their copies by post over the next couple of days.


Photo: Action Images



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