LTFC2020's bid remains on track and as determined as ever
LTFC2020, the fans-backed, exclusive bidders for Luton Town Football Club, today confirmed that their bid remains completely on track and that their team are as resolute as ever.
Bid Manager, Gary Sweet, confirmed that all investors and stakeholders remain confident that they can deliver their 2020 Mission and have not been swayed by the increasingly desperate tactics of those opposed to the fans-backed takeover.
It was also revealed that LTFC2020 invested a second tranche of money to avoid further player sales in January, even though it is not yet under its ownership, so that the Administrator was under no pressure to sell players at knock-down prices.
Bids for certain players were rejected leaving Mick Harford with the maximum, albeit limited, resources with which to continue the fight against relegation.
Gary Sweet said: "We continue to make excellent progress with the Administrator who has confirmed that he will work with us to bring the sale date forward so that we can look to the future. We know we have the support of the fans, MP's, the manager, playing staff, employees, and the Council."
He continued, "The objective here is to conclude the deal as soon as possible despite distractions from opposing bidders who have lost out and refuse to go away.
Mr Sweet said " It is a pitiful distraction. They are turning this into a 'Club -owned -by- fans' versus a 'Club -owned- by- property developers' battle. Some of our investors and team have recently been contacted directly by our rivals with scare stories and smears in an attempt to de-rail the 2020 bid. We will not be swayed by bullying tactics aimed at forcing us to move to their stadium because they need it to make millions of profit from a warehouse development."
Gary went on "We've said from day one that we'll conduct an independent feasibility study to find the best location for a new stadium for the club and community. If these property developers are so sure they have the best site, what do they have to worry about?
"What should concern anyone with any affection for Luton Town is that despite numerous calls from the fans groups, at no time have these developers given one positive reason why they should be the next custodians of the Club. If they continue to hide and fail to inform fans, their motives surely have to be questioned.
"We're well aware that their ideas for a new stadium and associated development are set to net them huge profits. They need the stadium built on their site otherwise they won't be able to develop the rest of the land and receive this windfall, so their motives must be questioned.
"We've nothing to hide and fans know what to expect from us. They can contact us anytime with any concerns they have and they know that. We're not the ones hiding behind spin doctors and consultants. The important issue here is the future of our Club."