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Next Game: Pre-Season

Monday, October 01, 2018

McCrory Front Man For Consortium Buying Worcester Warriors

Jed McCrory is understood to be the front man of a four person consortium buying Worcester Warriors.
 

It's a change of sport for McCrory as in the past he has been involved with several football clubs.
 

"Jed said he doesn’t know a lot about rugby but he likes what they can do with what is happening in Worcester, " said Warriors Bill Bolsover as reported by the Worcester News.

"The fact Worcester has a university and then he goes over the road and there is an amateur club that has 500 kids. That’s what he likes."
 

Back in 2014 McCrory made enquiries about Hereford United. BN reported his interest at the time.
 

It's understood that one of the two possible investors in Hereford United that have talked to chairman David Keyte is a consortium headed by Jed McCrory who has been involved with Swindon Town.

It's not known whether talks are continuing but it is known that McCrory has been in Hereford in the last week.

BN was told of his interest over two weeks ago and posted a 'speculative' article mentioning McCrory on March 3rd.

The following morning BN was contacted by someone close to the club and asked to take the article down. BN refused citing the view that taking the article down would provoke more not less interest in what had been written.

This week another person close to the club asked BN how they had heard about McCrory's interest. Suffice it to say it appears that the name was talked about in the VP club after the home game against Wrexham.
 

Later it was revealed that McCrory had met Geoff Hughes from the Herefordshire Council.
 

BN also published this look at McCrory's connection with other clubs.

McCrory was chairman of Swindon Town until he sold his stake to Lee Power. The Evesham based businessman led a consortium, Seebeck 87, which purchased 99% of Swindon from BetFair co-founder Andrew Black just over twelve months ago. However Power bought some of McCrory's shares last April and the remainder in December.
 

Whilst buying Swindon, McCrory was also talking to Cheltenham according to the Bath Chronicle.
"We did have an approach from the consortium who are now at Swindon, but we weren't convinced and you have to be very careful. You have to be very thorough with your due diligence and the fact they wanted to become the controlling stake holders was a problem," said chairman Paul Baker.

Not long after McCrory met Kidderminster chairman, at the time, Mark Serrell. However, later, the board of directors at Aggborough turned down McCrory despite his claim to be have access to £5m of funds possibly from a company called iQuest Capital Ltd who are based in Cheshire.
"The board did meet with Jed and he put his proposal to us which we decided to decline," said Ken Rae the new Kidderminster chairman.
 

McCrory has also looked at a takeover of Barnsley.
In late January it was suggested by the Barnsley Chronicle that a deal to buy the club for £5M could be 'just days away'. But it didn't happen.
 

Owner Patrick Cryne later said he would only sell to someone who he believed would build the club in the future.
 

Later in 2014 the Swindon Town chairman Lee Powers won a case against McCrory over the ownership of the club.
 

Afterwards Power spoke to the media.
 

"We were dealing with rogues. There’s no other way to describe it, they’ve tried everything they can under the sun, as you can see by the evidence there and obviously by the judge’s summing up. “Lie after lie, Mr McCrory’s told. He’s been found out, but it’s caused the football club a lot of damage over the last two or three months.
“Season tickets have stopped, sponsors have pulled out because of the uncertainty and it’s been left to myself and Sangita to financially pick up the pieces and fund the club because we’ve had no income."