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Wycombe Wanderers Trust can provide an update on the process of investment into the football club, following a meeting of the Trust board on Monday evening.
The board assessed in great detail two offers of investment, one from Bill Luby and Jim Collis seeking a majority shareholding, and one from Andrew Harman seeking an initial minority shareholding increasing to a majority holding in two years.
Trust directors voted overwhelmingly in favour of the offer made by Bill Luby and Jim Collis, and will call a meeting of Legacy Members in due course to present the details of the bid and initiate a voting period for Members to determine whether or not the offer should be accepted.
During the Trust’s discussions with both parties following the meeting on Monday, Mr Harman has decided to withdraw his bid from the process.
Members will be updated with details of the next steps once they are finalised.