Work has been taking place behind the scenes by newly appointed Club Director Terence Painter who has worked hand in hand with the Investors to finalise the takeover and ensure that the Clubs best interests were protected. All of these and other developments are ultimately directed towards achieving success of the first team on the pitch.
Margate FC Chairman Alistair Bayliss states: “I’m absolutely thrilled the agreement has now been concluded, we’ve been working very hard to make this happen and ensure the survival of the Club”.
“The financial situation of the Club is now stable. We felt it was necessary for the Directors of SIR to meet with both Steven Watt and Steve Brown to understand their vision for the First team and to give the squad the reassurance of stability going forward”.
More exciting announcements will be released in the coming weeks.