Nuneaton Borough: DA Capital 'relinquish ownership' of non-league club
- Published
Nuneaton Borough had been at Liberty Way since 2007 until being evicted in October
Troubled Nuneaton Borough are again looking for new investors after DA Capital "relinquished ownership".
It was announced on 23 November that DA Capital director David Anderson had taken control of the Southern League Premier Central club, alongside Nick Thompson and Robert Tidmarsh.
"DA Capital have decided they can no longer take the club forward," said a club statement on Friday., external
"We are seeking new ownership that will ultimately secure the club's future."
Sunday's home game against Telford United, at Barwell, is not affected.
Nuneaton moved to Liberty Way, previously owned by Nuneaton Rugby Club, after leaving Manor Park in 2007 and the stadium has been owned by Arden Tigress since 2019.
They were served with an eviction notice by Arden Tigress over rent arrears in October, since when they have played home games at Stratford Town, last Saturday's FA Trophy tie with AFC Fylde at the Coventry Building Society Arena - and they now have a ground share agreement at Barwell, 10 miles away across the Leicestershire border.
The club issued a statement a week ago when, following several days of social media speculation over the intentions of himself and his two fellow investors Thompson and Tidmarsh, Anderson apologised "for any consequent uncertainty regarding the club's ownership" and that the intention was "to get Nuneaton back to Liberty Way as quick as possible and for this football club to run on its own feet with minimal financial input."
Boro majority shareholders Mark Grimes and Ian Cook are optimistic of finding new buyers and hope to hold talks next week.
The club previously faced financial difficulties in 2019, when an appeal was made to save the club as it owed thousands to HMRC.
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