Colchester United Chairman Confirms Advanced Talks with US Consortium
Colchester United Chairman Robbie Cowling has today confirmed that he is in advanced discussions to sell the football club to a United States based consortium, Lightwell Sports Group, led by businessman Tim Foley.
Cowling, who has owned Colchester United since August 2006, stated: "After nearly two decades at the helm of this wonderful football club, I can confirm that I am relatively close to finalising a deal to pass ownership to a US-based consortium led by Tim Foley."
"These discussions have been ongoing for some time, during which time I have grown to believe that the prospective new owners not only share my passion, and respect for the community, but are much better placed than I am to take Colchester United forward.
"It has been an incredible journey, and I remain committed to ensuring a smooth transition that secures the best possible future for the club, its supporters, and everyone connected with Colchester United. I will provide further updates as soon as I am able to."
No further comment will be made at this time while the legal and regulatory processes are ongoing. |  |
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