Aldershot Town Football Club confirms that an agreement has been reached with Director Deane Wood to assume the role of Chair and Owner. The controlling shares of the club are held by Deane, subject to league approval.
To this, Shahid Azeem and John Leppard have written off their entire loans to the club and are in process of transferring their shares to Deane at no cost. Deane’s existing loans are also being converted into shares as part of this transition. With immediate effect Shahid and John will be stepping down as Directors.
This decision follows confidential discussions with an external consortium that had expressed an interest in taking control of the club. As that process was taking longer than expected, it was in the club’s best interests to take the proposal offered by Deane. As Directors with responsibility for the long-term wellbeing of Aldershot Town Football Club Shahid and John accepted this offer in the best interests of the club.
Shahid and John were members of the consortium that took the club out of administration during the summer of 2013. Shahid assumed the role of Chair and is the longest serving Chair in the history of the club. John, who originates from Ash, is a lifelong Aldershot fan. He joined the Board of Directors in 1997 when the club was in the Isthmian League Division 1 and is the longest serving Director in the clubs history. He was also Caretaker Chair in 2009/10 after the passing of John McGinty.
As outgoing Directors, Shahid and John wish Deane every success in his new role and we will remain as friends.
They fully understand the challenges involved in running a football club and are committed to offering Deane their full support wherever their experience and assistance may be required. They believe this transition places the club in a strong position for the future and that the change ensures continuity and stability.
Deane purchased shares in 2018 and loaned the football club substantial amount of money.
So now, as supporters lets get behind the club, Deane and the team.
