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Friday, December 17, 2004

Halifax could get cash injection

Halifax, who have a Wimbledon-based president in chartered surveyor Robert Holmes, have, through him, delved even deeper into the Surrey stockbroker belt to find their latest benefactors reports the Daily Telegraph.

Philip Pride, a businessman from Hindhead involved in sports promotion, is heading a consortium eager to invest £500,000 in the Yorkshire club. Talks between Pride, the club and The Shay Stadium Trust are at an advanced stage.

Holmes said: "We have many people talking about investing money after a drink in the boardroom but these people seem sincere." The investment would help Halifax complete renovations to their east stand.

With the Pride package, the club would then be entitled to another £300,000 from the Football Foundation. "We can't get that money until we provide some of our own," Holmes explained.