Friday, June 18, 2010

STOCKPORT COUNTY DEAL SIGNED BY LAW FIRM SAS DANIELS

SAS DANIELS LLP SOLICITORS
PRESS RELEASE

June 18, 2010.

STOCKPORT COUNTY DEAL SIGNED BY SAS DANIELS.
Photo available.

Three departments of SAS Daniels LLP have teamed up to score a winner for Stockport County football club.

The club has been bought from administrators - for an undisclosed sum - by the 2015 Group, a consortium of Cheshire businesses, entrepreneurs and County fans, with SAS Daniels’ corporate & commercial, employment and property teams handling the deal on behalf of the buyers.

The SAS Daniels team included Jeremy Orrell and Lorna Bennett, Corporate & Commercial, and Louise Tobin and Karen Barker, Employment.

“It was complicated, as any deal would be in the circumstances, not just because of the issue of administration, but also because the 2015 Group is buying the club but not the ground,” said Lorna Bennett, Corporate & Commercial, SAS Daniels LLP, Stockport.

“But while every deal is unique, there was actually little in this one that we hadn’t seen before. The crucial aspect was ensuring nothing was missed: commercial matters, movement of shares, employment issues and, of course, the issue of agreements with the owners of the ground itself.

“Nevertheless, it is pretty exciting to be involved in the rebirth of a very visible local icon, and the responsibility for getting the deal right in the eyes of the community and fan base is immense.”

Sean Connolly of the 2015 Group said: “It’s no secret that Stockport County has battled through a challenging sporting and financial end to the season, but this deal provides the club, the players, the fans and the owners with a clean sheet and new start.”

SAS Daniels LLP solicitors has offices in Stockport, Macclesfield, Chester Congleton, and Bramhall and employs 140 people.

Ends

Lorna Bennett photo here:

Further information:
Iain Macauley or Megan Codling
07788 978800 / 07795 848586

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