Lincoln City can confirm that Liquid Investments, Inc. is seeking to become the club’s controlling shareholder, with Ron Fowler assuming the position of chairman.
This follows a proposal by Ron Fowler, approved at a board meeting on 11 December, for Liquid Investments, Inc. to increase its shareholding in Lincoln City Holdings above 25%.
This triggered several steps with the EFL and, as this process is currently ongoing, it limits what can be said publicly at this stage due to regulations which are in place to protect all parties, including the integrity of the league.
While Ron will assume the role of chairman of both Lincoln City Holdings and the football club, Clive Nates will remain an integral part of the club, joining Jay Wright as co-vice chairman.
The ongoing EFL process requires confidentiality from the club, but, as documentation for City's AGM needs to be released with 28 clear days’ notice, we have been given permission to provide this interim update.
There will be a full and detailed update from Ron and Clive once we can provide it, which is expected within the next two weeks.
The EFL's website provides more information on the process currently being undertaken.