Nuneaton issue important update on their future after takeover offers to help save the club

Nuneaton Borough have taken to issue an important update on their future after receiving takeover offers to help save the club.

Boro have announced a takeover by DA Capital, coming weeks after they had been locked out of their Liberty Way Stadium due to unpaid debts.

In a statement via their website, the club say Jimmy Ginnelly, who doubled as club owner since 2019, will remain as first team manager, looking to build on their great run of form they are currently on.

They currently sit 7th in the Southern League – Premier Central with 28 points from 16 games played, and a point from the playoff places. They also just beat league above Banbury United to reach the FA Trophy Third Round.

CLUB STATEMENT:

The club can today confirm a takeover by DA Capital.

David Anderson will be joined by Nick Thompson and Robert Tidmarsh and will obtain operational control.

Jimmy will remain as First Team Manager and will hope to build on the brilliant run the team are currently on. Jimmy had this to say.

“My time as a custodian of Nuneaton Borough has come to an end. Because of the last months developments, I feel that it is now time for someone else to take over the club.

David, Robert and Nick have a great knowledge of football business and understand the local aspect that make this club so special.

Their expertise and ability as owners to take the club forward and deal with the challenges ahead is the best possible outcome for the survival and growth of the club.

I want to thank everyone who has helped me over the years, all my sponsors, friends and especially my family for all the long hours of commitment we have put in, to build the club back up to the highlights of last seasons Play Off Final.

Now I can focus fully on the football, which is what I have always wanted to do and leave the business of the club in good hands.

The team is in a great place to challenge for promotion again and we are having a wonderful cup run, plus we have some great young players coming through our new academy that will be the long term future of the club.

I urge the whole of Nuneaton to get behind the new owners and support them as well as you have supported me so we can achieve great things.”

As a club, we would like to place on record, a huge amount of thanks to Jimmy and his family for the time and effort put into the club during his time as owner.

We would also like to give a special mention to Ian Cook, Stuart Elliott and the office team for all their efforts over the past few weeks.

Further details to be announced in due course. UTB

VENUE FOR FA TROPHY THIRD ROUND CLASH:

Nuneaton Borough’s upcoming FA Trophy fixture against AFC Fylde will be held at the Coventry Building Society Arena.

The match will kick-off at 3pm on Saturday 9th December at the home of Coventry City.

As Boro face on-going issues regarding access to play home games at Liberty Way, Boro approached the Sky Blues regarding playing the fixture at the Arena and the two clubs have reached an agreement with Coventry Building Society Arena, who will host the fixture free of charge.

Supporters will be housed in the West Stand at the Arena, with admission via turnstiles 44/45.

Ticket prices for the game are Adult £15, Concessions £10, Under 17 £5.

Jimmy Ginnelly, manager of Nuneaton Borough, said: “We can’t thank Doug King, Dave Boddy and the team at the Coventry Building Society Arena enough for their unbelievable gesture.”

Doug King, Owner and Executive Chairman at Coventry City, said: “We are pleased to be able to help our friends at Nuneaton Borough in these difficult times for them.

“As a Club we are only too aware of the situation that they find themselves in and when they approached us, we were very keen to play our part and help arrange for the game against Fylde to take place at our home ground.

“We thank Coventry Building Society Arena for supporting us in making this happen.

“Supporting our local community is really important for us at Coventry City, so we are delighted to be able to do this.”

Paul Michael, Managing Director at Coventry Building Society Arena, said: “We’re proud to be working alongside Coventry City Football Club to host Nuneaton Borough Football Club’s upcoming FA Trophy fixture against AFC Fylde.

“Supporting our local community is really important to us as a venue, so we are pleased to be able to support Coventry City in providing Nuneaton Borough with access to their pitch next weekend as a goodwill gesture.

“We appreciate this is a difficult time for Nuneaton Borough supporters, and we hope this gesture plays a part in helping them to secure their long-term future.”

SEE MORE: Police launch appeal after number of serious incidents reported at Banbury v Nuneaton

As Nuneaton issue an important update on their future after takeover offers to help save the club, fans gave their reaction…

@pieman80: Yay, well done guys

@DEVO1875: 👏 great news good luck going forward

@DaveBatt2: Great news, good luck for the future

@TRFCJoeS: Congratulations Nuneaton

@TheFMHatter1986: Congratulations from all us at Stockport

@michaelrenwick_: Fantastic news. Hopefully clubs turning a corner now. Great to see the club surviving. 💙

@swiggle_muffin: Love to see this good news for my hometown club. Congrats guys.

@PaulCoo49070341: Taken over by a dormant company according to companies house.

@GazWilliams1: Who specialise in getting owners out of businesses that are going under with maximum profits. This stinks. Something not right with this. This is going to end in tears.

@gray_schofield: Never a dull day at Nuneaton… More twists than Midsomer Murders 😂

@m_browny92: Hopefully this is a corner turned for @NuneatonBoroFC . Having been through our own issues over the years with @StockportCounty it’s been great to see the fans help where possible after Nuneaton accommodated us for that very special day a few years ago

@jtb150295: Oh dear! How has he been allowed back into football so soon?!

@aboardgamer: Great news! We just need a ground now. 😢

@harryemeryspurs: This club ain’t going anywhere 🔵⚪️🔵⚪️

@OwenCox19: This club will not die 💙💙💙

@MarkA_SW: Certainly wasnt expecting that. Fingers crossed it works out and we’re back in the ground asap. UTB

@Mathew_scfc: Brilliant stuff! #stockportcounty

@maccakilbride1: Season on season the buckets are out .. they will never learn while over spending on the wage budget.. 🪣

Rich James: Hopefully this is the beginning of the end of recent uncertainties and troubles. Think everyone owes JG gratitude for all of his work and time over the past few years. Time to look forward now and resolve the one big obstacle in the club’s path.

Gary Williams: I don’t get this? DA capital are an investment firm that helps current owners escape their businesses with the most possible income.This doesn’t sound like a takeover to me but a way to start liquidating the club to ultimately line their own and JG pockets. It says it in the description for their business. I would implore people to keep their hands in their pockets, especially with the energy prices going up again, until full disclosure is given by the new “owners”. Normally when a takeover is done a company/owner creates a new company that is specific to the purchase of the club. These haven’t. This does not feel right. I hope I’m wrong but this just feels off to me.Lets see their intent going forward.

Rich James: Gary Williams there’s no ‘lining of pockets’ to be had here, the club have no assets. They new directors are prepared to take on any existing debts and the expectation is that they’ll need to invest further to clear any rent deficits, all whilst covering outgoings and looking to grow the club. I don’t think people can buy a non-league club to get rich quick. Quite the opposite.

Mark Axon: I’m really glad for Jimmy that he is now able to focus solely on the football, which is what he always wanted to do when he took over and said so at the time! I really hope it works out for him. Fingers crossed that this new ownership of the football club works out well and we can get back into the ground asap! UTB