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Club News

Club Statement: Social Media Speculation

10 April 2022

Whilst we have never confirmed publicly, due to a Confidentiality Agreement, which party(ies) we engaged with in regard to the recent potential sale of PNE, we have noted comments circulating on social media and would like to make the following statement.

"When we were approached in February 2022 regarding the potential sale of the Club a number of valuations were put to us by one party culminating in an offer which was confirmed as acceptable.

"This was just the start of a process that could have led to a successful takeover. Various other elements that would have been required were not completed by the bidder within the agreed timescale.

"The most important point to make absolutely clear is that contrary to suggestions in the public domain we at no time increased the asking price from the price and terms included in the originally agreed offer."

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