Turn Sports Investments (TSI) – active at The Walks since early last year – want to “work in partnership with the Trust and the wider community to implement a more robust and community-owned governance model for the future”.
TSI have been involved in discussions via Bal Srai, who is their man on the ground in Norfolk.
The discussions come as owner Stephen Cleeve looks for £50,000 to see the club through to June – although the proposal to the Trust makes little mention of his future involvement, if any.
It will cost the Trust £95,000 – which they say is the majority of their kitty – to be involved in a new ownership model, with a “minority shareholding”.
A letter to Trust members outlines the situation and says discussions are on-going and specific terms are still being finalised.
They are now inviting members to vote on whether or not to support the release of funds to work alongside TSI and “secure the future of KLTFC”.
Significantly, the Trust – like TSI – is staying away from the football side of the club.
“TSI has made it clear that it does not wish to be involved in the footballing side of the club – a position the Trust fully supports,” says their letter. “That responsibility lies with those with the relevant expertise. In his regard, the Trust recognises the outstanding work of Adam Lakeland and the team he has built, whose leadership and performance have been instrumental in keeping the club competitive during difficult times.
“TSI’s focus is strictly on building operational and financial sustainability off the pitch.”
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