Trevor Hemmings in the form of Deepdale PNE Holdings now has almost 52% of the clubs shares and following stock exchange rules is offering to buy out all other shareholders. Failure to obtain adequate shares will result in financial support being withdrawn from the club and the club entering liquidation, unless someone else comes along.
It might seem hard to some people who are asked to sell their shares at 5p each but the club owes £30m and without a major beneficiary there is no way it can continue.
Some might think Trevor Hemmings is making a killing getting the shares so cheap but he has risked millions of pounds by supporting the club and there is no guarantee that he will get it back. In reality it is probably every supporters dream to be wealthy enough to own the club you support. It is also a good thing that someone is willing to bankroll the club so let’s get the rest of the shares transferred and get the situation settled.