Date: 3rd May 2013 at 12:24am
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Kris Machala is reportedly ready to hand over the majority of his shares to Chairman Shahid Azeem as long as the latter can satisfy a cash injection into the club.

The BBC reported a few days back that Machala was just waiting for confirmation that Azeem could provide the immediate cash injection the club required before administration (which has now taken place) became a real threat.

Kris said at the time.

‘As most people are aware, I have been working to try and secure investment, regardless of whether the club was going to be in the Football League or Conference. The relegation simply made this requirement more urgent. The latest hope of a cash injection into the club failed last week.’

Machala went on to say that he was in discussions with Shahid Azeem to allow him the majority of his shareholding in the club, as long as the cash boost could be forthcoming.

It was hoped this could be achieved in the early part of the week.

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