LUTON TOWN COME OUT OF ADMINISTRATION!

Luton Town Football Club 2020 Ltd (LTFC2020) can formally announce that today, the Football League have confirmed that they have approved their application to become the new custodians of Luton Town Football Club. After LTFC2020 accepted the Football League’s conditions of entry the transfer of the share in the Football League has taken place and LTFC2020 are now officially the new custodians of the Club.

This transfer of the Club’s share in the Football League means that Luton Town FC now possesses the licence to play professional football in League Two from 9th August and paves the way for the Club to exit administration on the 31st July 2008.

Gary Sweet, managing director of LTFC2020 said, “We are delighted that we can now move on and look to rebuilding the Club and ensuring survival in the professional leagues. The entire 2020 team have been working tirelessly since last autumn to save this great club and have shown to the football world that our blueprint to stabilise our Club has the official rubber stamp of all the footballing authorities which this recognises the effort and quality that has gone into our bid.

Gary continued, “Our backers have been absolutely fantastic and resolute behind our every step, for which I would like to publicly thank them. No matter what hurdles we have had to overcome, they have never waived in their support. Mick, too, has been a rock to us and we are merely in the shadow of his love for our club. Whilst there are many individuals that deserve our gratitude our biggest thanks must surely go to our fantastic supporters who have given us the constant encouragement we have needed.

Gary concluded, “This is just the start. We have proved to supporters our determination to put the heart back into our club. We now have a huge job on our hands, both on and off the pitch, to finally exorcise the ghosts of the past. On our part, getting through these dark days has only given us more energy and determination to move forward and rebuild. It’s a long-term plan as we have always said, but we are on target, we are strong, and there is a unity about the club that I haven’t witnessed for many years.”

For the fans, the past eight months have been turbulent and very worrying. They have had to cope with uncertainty, time delays, inaccurate rumours and severe penalties given solely for wrongdoings by the past management.

Stephen Browne, director of LTFC2020 commented, “It’s an historic day for all Luton Town supporters. Through their efforts the club survives to fight another day. This is a massive season for us and all supporters will need to continually show that this isn’t a one off fight, and that every game is vital. We have an unbelievable points penalty to overcome and most in the country have us as a dead cert for relegation.

“Now is definitely not the time to sit back and pat ourselves on the back. The journey is only just starting and this is where the hard work begins. Every supporter, player and employee can now focus on one thing – preserving our professional league status. We hope that everyone goes that extra mile over the coming season so that we can finish what we have started safe in the knowledge that Luton Town is now secure.”
Story date: Monday, July 28, 2008