SAS Daniels advise on Stockport deal

THREE departments of law firm SAS Daniels worked on the deal to take Stockport County out of administration.
 
The deal was confirmed yesterday and will see the 2015 Group – a consortium of entrepreneurs and fans including chief executive Sean Connolly and chairman Alwin Thompson – take control of the club.

For the past year the club has been managed by administrators at the accountancy firm Leonard Curtis.

SAS Daniels’ corporate and commercial, employment and property teams handled the takeover on behalf of the buyers.
 
The SAS Daniels team included Jeremy Orrell and Lorna Bennett, corporate and commercial, and Louise Tobin and Karen Barker, employment.
 
Lorna Bennett said: “It was complicated, as any deal would be in the circumstances, not just because of the issue of administration, but also because the 2015 Group is buying the club but not the ground.
 
“But while every deal is unique, there was actually little in this one that we hadn’t seen before. The crucial aspect was ensuring nothing was missed: commercial matters, movement of shares, employment issues and, of course, the issue of agreements with the owners of the ground itself.”
 
SAS Daniels has offices in Stockport, Macclesfield, Chester, Congleton and Bramhall and employs 140 people.