Newton Walks Away

Mike Newton has withdrawn his interest in buying Stockport County. A club statement read:

On Wednesday 16th March the club was formally approached by Mike Newton, a prominent New York based businessman, who requested information about the club and expressed an interest in investing.

The club has been approached on numerous occasions by individuals and groups wishing to play a part in the running of the club, many of these contacts contain very little serious content. However this approach and the individual had enough substance and credibility for the contact to be taken in full seriousness .Therefore a full discussion concerning this approach was held at the shareholders meeting last Wednesday evening and it was agreed that in the interests of the club and the fans the discussion should be taken to the next level. An official response was provided to Mike Newton together with the information he requested, and informal talks were held as to the details of a potential deal.

However after due consideration and discussion Mike Newton has decided not to pursue his interest any further at this time.

Mike Newton was completely professional in his dealings with his contacts with the club and received all the information he requested. However both parties had signed a non disclosure agreement and therefore it was not possible to disclose the full details of the approach until this morning.

The Board