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.