Search

Dagenham & Redbridge confirm Glenn Tamplin consortium have withdrawn takeover bid

PUBLISHED: 12:29 09 November 2016 | UPDATED: 16:40 09 November 2016

Glenn Tamplin had already invested in Dagenham & Redbridge after his company, AGP Steel, sponsored the family stand at Victoria Road (pic: David Simpson/TGS Photo)

Glenn Tamplin had already invested in Dagenham & Redbridge after his company, AGP Steel, sponsored the family stand at Victoria Road (pic: David Simpson/TGS Photo)

©TGS Photo tgsphoto.co.uk +44 1376 553468

Statement confirms deal is off after discussions between board and consortium

Dagenham & Redbridge have confirmed that the Glenn Tamplin-led consortium have withdrawn their bid to take over the club after the board of directors removed their support for the offer.

At an Extraordinary General Meeting last month, Full and Life Members had voted in favour of accepting the offer from the consortium and to start the process of allowing the club to legally accept outside investment.

However, since that meeting, it appears many who had voted in favour were now against it and had informed the board of they would vote against the proposals in mid-December, leaving the directors with little option but to pull their support for the bid.

In turn, the board’s removal of support has seen the Tamplin consortium withdraw their offer from the table, all of which was confirmed in a statement issued by the club.

The statement reads: “Since the recent company meeting to discuss the proposed change in the structure of Dagenham & Redbridge FC Ltd, a number of Members have privately contacted members of the current Board of Directors. They have expressed concerns and indicated that they would now not support the proposed vote on the ‘Scheme of Arrangement’, which was to be held in mid-December. Certain Board Members have subsequently concluded that there is now no likelihood of the proposed vote achieving the required 75 per cent majority.

“The Board has therefore held talks with Mr. Tamplin and, despite Mr. Tamplin’s Consortium still being extremely keen to complete its proposed investment in the club, the Board of Directors has decided to withdraw its support for the consortium. Accordingly, the consortium has withdrawn from the process.

“The Board would like to express its sincere thanks to the individual consortium members for their offer and, in particular, Mr. Glenn Tamplin who has conducted himself in an exemplary manner during the whole process.

“Unfortunately the step proposed by the Board has been just too much for the current membership.

“The current Board will now arrange for the necessary finance to be put in place for the Club to continue at its current level. It will hopefully submit new proposals to its Members at its upcoming AGM.

“The scheduled Fans’ Forum that is due tonight will still go ahead, but now hosted by managing director Steve Thompson.”

Latest Barking and Dagenham Stories

18:00

With a month to go until the Tissot UCI Track Cycling World Cup returns to the Lee Valley Velopark in Stratford, the Great Britain squad for the next round in Berlin has been announced.

16:40

Lakeside Hammers will not be running in the 2019 speedway season after the BSPA revealed plans for next season after hosting their annual AGM.

16:00

South East Cup: Barking & Dagenham 0 Croydon 2

Think Tank Chatham House recruited pupils from Dagenham for a debate on the #MeToo movement.

17:00

Dagenham and Rainham MP Jon Cruddas expressed concerns that an energy park in Bexley will lead to “toxic fumes” billowing across the Thames to the Rainham and Beam Park development area.

10:00

Coasters lost 2-0 at Victoria Road in March

Residents face a council tax increase of almost three per cent in the town hall’s freshly drawn up budget proposals.

PROMOTED CONTENT

Are you aged over 25 and an unpaid carer? If you want to return to employment but need practical help and support to get there, Working for Carers can help.

Everest Estates stress-free service guarantees a fixed income for your East London or Essex property every month, even if no one is currently living there. Here they talk about the scheme and explain how it can help you dodge common letting headaches.

Barking and Dagenham is home to Better Extreme, London’s largest indoor skatepark. Whatever your discipline, be it skateboarding, inline, BMX or scootering, there’s a challenge waiting for you.

Newsletter Sign Up

Barking and Dagenham Post twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read sport

Show Job Lists

Education Promo

Digital Edition

cover

Enjoy the
Barking and Dagenham Post
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now