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Dave Allen Announces Resignation

14 November 2016

At the club's AGM on Monday evening, Dave Allen started the meeting by announcing his resignation as chairman and director of Chesterfield FC.

Addressing the shareholders who attended the meeting, Allen said: "At this point, I must inform you that as of now, I resign as chairman and director of Chesterfield Football Club. At the outset, I never intended to become the chairman. I was just an investor who wanted to see the club progress and get into the Championship. It was then my plan to sell on the investment. 

"I took over as chairman because the previous incumbent sat at the end of the boardroom table and said after one meeting that unless I put a further £600,000 into the club, they could not carry on. This was after I'd already previously put in over £2m, over and above the initial deal, which was £4m for 80% of the shares and arranged a £2m mortgage over a ten-year period. I did all that.

"The reason I'm resigning is because at the board meeting held this afternoon, I suggested that all the directors should not seek repayment of loans and waive any interest until such time as the club is in a position to pay it. The interest alone amounts to just over £150,000 per annum, so it would be a considerable saving. By the way, over the last couple of years, I've put in an extra £1.9m, for which I personally have not taken any interest at all. 

"It is a sad day for me, but I can't carry on like this. I wish you all the best. There will be no further statements on this subject from me, either verbally or written."

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