Cheltenham Town face Grimsby Town in their EFL League Two clash this weekend. But attention may not be on the pitch, but off it, due to the rumours suggesting that potential investors will be attending the game this weekend.
Reported back in October 2024, Cheltenham Town football owner David Bloxham admitted that three of the Cheltenham Town Shareholders were willing to sell their stakes as the side seek new investment.
As of today, 28th February 2025 Glos Live journalist Jon Palmer understands potential new American investor will be at Cheltenham Town’s home League match against Grimsby Town on Saturday.
Bloxham was appointed the new chairman of Cheltenham Town back in 2021. He stepped up from his role as Vice chairman, a role which he had since April of 2017.
Rumours circulated online about a major appointment involving influencer and billionaire Elon Musk, but sources have dismissed these claims as inaccurate. However, with a staggering net worth of $357.5 billion, it’s safe to say Town fans would welcome his arrival with open arms.
Cheltenham Town has reported a reduced financial loss of £32,007 for the year ending May 2024, a significant improvement from the £531,000 loss recorded the previous year. The club attributes this turnaround in part to the January 2024 sale of striker Will Goodwin to Oxford United, which has helped stabilise its finances.
The Robins Trust are the third largest shareholder with an almost 16% stake in the League Two outfit.
“We’re seeing with the sad state of affairs at Reading – and we’ve had Derby in recent years, although thankfully they’re out of that crisis – that football can be a perilous business when you’re sort of risking your life on on the whims of one person,” James Young, chairman of the Robins Trust, told BBC Radio Gloucestershire back in March 2024.
We sat down with Chairman David Bloxham again this morning to discuss a number of items including our current search for a new first team manager! ⤵️#ctfc♦️
— Cheltenham Town (@CTFCofficial) May 29, 2024
“Strong, community supporter trust stakes in football clubs are really important for the long-term security of clubs, especially at our level.”
The rest of the ownership is split between a large number of minor investors but unlike other football clubs, the board of directors – who are appointed by the shareholders – are responsible for running the club, rather than the owners.
Bloxham said in a statement, that if the “right” new investment was found, current major shareholders would be willing to transfer their shares.
“The club is in need of significant investment – particularly with regard to infrastructure at the stadium and training ground – so given the sums of money required the club may need to find investors from further afield,” he said.
“Three of the four largest shareholders have indicated that if the right person or organisation can be found – provided they have the right motives and the best interests of the club at heart and are able to make the level of investment required to develop the club – then those three shareholders will be willing to transfer their respective shares so that the new investor can move the club forward.”
