City are no longer a fan-owned club after voting in favour of new investment
WORCESTER City are no longer fan owned after the Supporters Trust sold their 51% share in the football club to new investor and current director Simon Lancaster.
A Special Meeting was held at New Road, home of Worcestershire CCC, in which a vote was taken after Lancaster put forward his proposal to become the majority shareholder.
That vote, as expected, was unanimous in voting FOR the proposal.
A statement from the club read: "The Board of Directors are delighted that following the Supporters Trust Special General Meeting held tonight, members of the trust supported the proposal put forward by Simon Lancaster with 98.8% in favour.
"As previously revealed - The proposal involves significant investment into the football club alongside an ambitious plan for the future. It also involves continued involvement from, and partnership with, the Supporters Trust.
"Simon will now (subject to the signing of legal agreements) become the majority shareholder of Worcester City Football Club in a move that is sure to excite all supporters."
City have been a fan-owned club since 2021 after years of financial problems following the club's voluntary relegation from the Conference North (now National League North).
But now, the club has handed the reins over to Lancaster, who will look to try and guide Worcester City back to the higher levels of non-league football.
"I would like to thank all the members of the Supporters Trust for their continued work for the club and also for putting their trust in me," he said.
"I’d also like to thank the Board of the Supporters Trust for their cooperation in putting this comprehensive proposal together over the last few months, particularly the chairman Rob Crean.
"I am confident that it offers an exciting new future alongside many protections to safeguard the future of the club, which will be overseen by the Trust.
"But this is not the end, this is just the beginning! We can’t put our feet up, pat ourselves on the back and say job done. We’re at rock bottom and we have a mountain to climb to get to where we need to be, but let’s climb it together as one club, and let’s enjoy the climb.’"