Text at top (next game etc)

Next Game: Darlington Away In The League On Saturday 23rd November At 3.00pm

Friday, October 05, 2007

Haslam sells Mansfield but holds onto the ground

Despite reports that Mansfield chairman Keith Haslem has sold the club to a local group of supporters headed by James Derry, he has kept ownership of the ground and will rent it to the new owners putting a substantial burden on them from day one.

According to the Mansfield Chad newspaper Stag's chairman James Derry has completed a takeover deal to buy crisis club Mansfield Town. The deal means an end to Keith Haslam's 14-year reign in charge.

Mr Derry, who heads a consortium of local businessman, has been a front-runner in the race to buy the Field Mill outfit since he entered the bidding war in July.

The deal for the club is said to be for about £500,000, with Mr Derry then renting the stadium for around £200,000 per year, though Mr Derry declined to give details of the takeover earlier today.

In contrast Hereford United are charged a four figure rental for Edgar Street.