Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House.
In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue.
Accrued interest of £2.1m on the loan from Dwane Sports Limited to Bristol Rovers (1883) Limited has been waived and will be evident in the published accounts that will be produced for the year ended 30 June 2020.
Further to the recent changes, we are inviting fans to take part in a Virtual Fan's Forum event this coming Friday at 1pm. This will allow supporters to put their questions to Club President, Wael Al Qadi, CEO, Martyn Starnes and new board members Tom Gorringe and Karim Mardam-Bey.
To register your interest in asking a question at Friday's event, which will be conducted on Zoom, please email email@example.com by 4pm on Thursday, 9th July.