Thursfields Solicitors corporate and commercial team, led by Philip Chapman, Corporate Director, and supported by Hannah Clark, Corporate and Commercial Associate Director, advised Simon Lancaster, CEO of SJL Insurance, on his purchase of a 51% majority stake in Worcester City Football Club’s issued share capital. The acquisition saw Lancaster invest significantly in the club, granting him the authority to make key decisions. The shares were acquired from a supporter’s trust, who were represented separately by both the club and Mr. Lancaster.
Simon Lancaster, a devoted follower of Worcester City Football Club since childhood, manages one of his son’s football teams within the club’s youth section. After joining the club’s board and recognising the financial challenges it faced, Lancaster showed commitment by making substantial investments to ensure the club’s future sustainability. Notably, the supporter’s trust retained a veto on any potential change in ownership outside the Lancaster family and secured a seat on the board.
Phil Chapman, reflecting on Lancaster’s involvement, remarked, “Simon Lancaster’s dedication to Worcester City Football Club, demonstrated through his past involvement and ongoing commitment, is a testament to his strong leadership. His strategic vision, combined with financial support, paves the way for a positive future for the club.”
Simon Lancaster, CEO of SJL Insurance, expressed appreciation towards the supporters of the trust and the club’s board members, stating, “I would be honored if the supporters trust supports this proposal. I am thankful to Steve and my colleagues on the main board for their hard work and support during difficult times. The supporters trust played a crucial role in saving the club and bringing in the right investor. Their ongoing involvement is vital for the club’s future. I look forward to working with them, the board, and all WCFC stakeholders to rebuild a club that our city can be proud of, for our devoted fans.”
For more information, please contact:
Dani James
Business Development & Marketing Partner
01905 677066
djames@thursfields.co.uk
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