Takeover Given Green Light

Should the deal be backed by shareholders as expected on 17th December, Evans will become majority shareholder of the club owning 87.5% with the current shareholders stake being dilluted to the remaining 12.5%

Evans is unlikely to become part of the Football Club's board however, and is likely to appoint three representives to join Chairman David Sheepshanks, Chief Executive Derek Bowden and current director Kevin Beeston.

The deal will result in the club wiping out the majority of it's debts with another £12M being pumped into the squad for Town boss Jim Magilton to spend in the January transfer window.