“The charge holder has made repeated attempts to engage constructively and reach an agreed resolution, however matters remain unresolved at this time, including uncertainty regarding the true ownership of shares,” Thursday’s statement read, adding “updates will be provided in due course”.
On Friday, Accies said their chairman, Allan Currie, “has been in ongoing negotiation with The Funding Globe, but the word constructive has been used loosely”.
“We continue to be open to work on a reasonable basis to find a satisfactory conclusion for all parties,” Hamilton added on Instagram.
“If administration is forced by The Funding Glove, and their preferred liquidators, we will prepare an immediate injunction to prevent this and fight the process on the basis that we highly question the validity of the charge and we are actively seeking advice.
“Regarding ownership, the club can confirm that Morley Sports Management Limited owns 100% of 1874 Holdings Limited, who are in turn 97.5% shareholders of the Hamilton Academical FC. There are no concerns regarding ownership, or the ultimate controlling part of the club, and all documents have been filed within the timelines required by Companies House, and Share Transfer Forms duly signed.”
Previous owner Seref Zengin sold Hamilton to Morley Sports Management (MSM) at the turn of the year, but the debt remains unpaid.
When The Funding Globe loaned Hamilton money for the payroll, Jonny Towers, a company representative, was appointed as the club’s sole director. Companies House records show Towers is still named as a director and nothing has been filed to show ownership of the club has been transferred.
Towers confirmed “The Funding Globe is the charge holder, I remain a director of the club and there will be further updates in due course”.
Two MSM representatives, Neil Blankstone and Rob Edwards, were appointed to the board on 3 January, stating at the time that Mr Towers and The Funding Globe were no longer involved other than as creditors with a “secure charge against the club”.
When the takeover was announced, however, Mr Edwards told the BBC the club was still at risk of being placed in administration but was confident insolvency can be avoided.