Bath City Football Club sale heralds new era
Bath City Football Club has been sold to new owners in a deal that will trigger a multi-million-pound investment in the club.
The sale follows a year-long process during which the club’s advisers, Carteret, introduced the Bath City Holding Company, a 50-strong investor group led by Andrew Stalbow, to the club.
The investor group has raised a seed round of more than £6 million to support the men’s and women’s teams in their ambitions to climb the football pyramid, develop Football League-ready infrastructure and strengthen the club’s links with supporters and the wider community.
The club’s new executive chair, Andrew Stalbow, said: “This deal happened because of the incredible backing we’ve received from the fans, the shareholders, the Supporters Society, the Supporters Club and the board. We hugely appreciate you putting your faith in us. We will strive to be the custodians you believe we can be.
“We thank the outgoing board and we want to give a special shout-out to the club’s many volunteers who we are excited to work together with.
“And an additional thank you to our investor group for their commitment. The partnership that we will build between the supporters, the city, the community in Twerton, the players, the coaching staff, the operating team and the investors will set us apart. This is a unique opportunity.
“Our role is to unlock Bath City’s potential and transform the club. Our work starts today.”
Outgoing chair David McDonagh, who will remain on the new board as the Supporters Society’s representative, added: “Many people have worked diligently behind the scenes to make sure that this deal is the right one to take our club forward. We know how excited our supporters are and that they share our belief in Andrew and his team.”
James Powell, CEO of Carteret, said: “Andrew has assembled an exceptional group of investors around a very ambitious plan for the club. The scale of investment is remarkable at this level of English football, and we are delighted to have brought the parties together and helped complete a transaction which we believe can be transformational for Bath City.”
