Chris Swan could still buy Harriers
Tuesday 21st December 2010, 5:45AM GMT.
Warwickshire-based businessman Chris Swan could change his mind and hand Kidderminster Harriers a lifeline if the club come to him to reopen takeover talks.
The financial situation at Aggborough moved a step closer to boiling point today, with Harriers running out of time to raise the £150,000 they need by the end of next week to avoid going into administration.
All in all, a £200,000 cash injection is needed between now and February to keep the club afloat.
The current board of directors confirmed in a statement yesterday they had met with Swan, a property tycoon, last Wednesday night to discuss a potential takeover, with all of the major shareholders present.
But sources have alleged that current chairman David Reynolds, who took the majority shareholding from his predecessor Barry Norgrove in return for a £93,000 investment into the club two months ago, wants his money back before relinquishing control.
The same sources have also claimed that the financial situation at Aggborough is that dire that players and club staff might not be paid before Christmas.
However, Swan could be the answer to Harriers’ problems, although the 52-year-old insists they must now make the next move and adhere to his clauses for a deal to go through.
He said: “It’s gone, as far as I am concerned, and I am not sure it can be picked up. I am keeping my eyes open and will see what happens, but it’s difficult to know what is going on there at the moment.
“You never say never, but the door is not open at the moment. However, if certain stumbling blocks can be resolved, we could get around the table again, but they have got to come to me.
“I am an entrepreneur, I have built various businesses and I am trying to alter my lifestyle a little bit.
“I have got an active mind, I am keen to get involved and I love my football.”
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