Aldershot secure new investor

Aldershot owner Kris Machala has secured a new investor who will pump much-needed funds into the Hampshire club.

Machala stepped down as Shots chairman in late February but has remained on the club's board of directors, continuing an ongoing search for fresh investment. And he revealed at the club's AGM on Thursday night that the newly-discovered mystery suitor has a background in football which will pave the way for "high-quality overseas players" - regardless of whether the struggling League Two club avoid relegation or find themselves in the Blue Square Bet Premier next season. An official statement by the board of directors read: "Aldershot Town Football Club held a Shareholders AGM on Thursday evening. The principal reason for the meeting was for a resolution to vote in favour of restructuring capital funding creating a vehicle to attract an additional path of £1million worth of investment. "During the meeting the majority shareholder Kris Machala voted against the resolution and explained to the shareholders that he has secured an alternative investor willing to inject sufficient funds to meet the cash flow required and to sustain the club over the long-term. "Mr Machala also gave an assurance that this will provide the opportunity to repay loans due to directors and others that will no longer need to be restructured as was being in the process of discussion by the board. "Mr Machala also confirmed that the investor has a football heritage and that they will secure high-quality overseas players whether the club is in the Football League or Conference. "In the meantime Mr Machala assured shareholders that he will provide the monies required to fund the club until such time as the agreement is completed in the short or long-term. He stated that he expects the deal to be concluded and will be in a position to provide a presentation to the board of directors on Monday April 22 2013. "There will be no further comment from the club at this time regarding the matter due its confidential nature."