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Thursday, December 20, 2012

Stadium Developments

Eastleigh Football Club would like to provide the following update regarding the potential purchase of the stadium.

An offer had previously been made to the board at ‘Ten Acre Holdings’ (the current owners) which was considered to be worth presenting to the shareholders yesterday in a board meeting for their consideration.

Following discussions the board of TAH felt that they were willing to accept the offer presented to them as long as the remaining shareholders also felt a desire to sell the ground at this stage. On this basis a full shareholders meeting was called and the outcome was that a clear large majority were in favour of accepting the offer and that the sale of the freehold should progress.

The overwhelming consensus was that the TAH had been set up to safeguard the club and enable it to get back on a sound financial footing, which it has achieved over recent years. This now enables a deal to proceed which should be beneficial to the shareholders and providing the football club the strongest possible opportunity to continue its progression.

As is usual in all purchases there are now a number of processes to follow which will take a little time and the club will try to keep everyone informed as much as circumstance allows as progress occurs.

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