"Hartlepool United's long-awaited sale has been completed, with American real estate developer Landon Smith buying the National League side. The takeover was confirmed on 31 December, two years and nine months after the club was first put up for sale by Raj Singh. In a statement confirming that Smith has acquired a full controlling stake "with immediate effect", the deal was described as one that marks "a significant new chapter in the club's history"."
"Smith, a co-founder and principal partner of Minnesota-based real estate company Tailwind Group, says he comes in with plans to restore Hartlepool to the English Football League and invest in the club on and off the pitch while "enhancing financial sustainability". "Having looked at several National League and EFL clubs, it was clear to see the potential with Pools, including the benefit of the foundation work that has been put in under the current owner's tenure," Smith told the club website."
"Singh leaves the club after almost eight years as owner. He headed a high-profile consortium which included broadcaster Jeff Stelling, and while promotion back to the EFL was achieved in 2021 the club dropped back to non-league level after just two seasons. That relegation prompted Singh to try to offload the club, but the protracted nature of the businessman's dealing with prospective buyers caused unrest among the fanbase and led to him stepping down as chairman in March"
American real estate developer Landon Smith has completed a full controlling takeover of Hartlepool United, effective 31 December. Smith is co-founder and principal partner of Minnesota-based Tailwind Group and says he will invest on and off the pitch, restore the club to the English Football League, and enhance financial sustainability. The club was first put up for sale by Raj Singh two years and nine months earlier. Singh led a consortium including Jeff Stelling, and promotion to the EFL was achieved in 2021 but relegation followed after two seasons. Protracted transfer talks sparked fan unrest and prompted Singh to step down as chairman.
Read at www.bbc.com
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