Cheltenham in takeover talks with ex-Burnley chairman
Former Burnley chairman Mike Garlick has entered into a period of exclusivity with Cheltenham Town over a potential takeover of the League Two club.The Robins announced in October last year that they were looking for "substantial" investment., externalGarlick left the Burnley board in 2023 after 17 years at Turf Moor, including eight as club chairman during which time the Clarets twice won promotion to the Premier League.The 61-year-old also owns Gibraltar top-flight club St Joseph's and third tier Spanish side FC Antequera.Cheltenham finished 15th in the fourth tier last season.
In a statement on the club website,, external Cheltenham said their principal shareholders had "signed a letter of intent including a period of exclusivity" with Garlick."The board and principal shareholders have worked tirelessly over the last nine months to find the right investor who can secure the financial future of the club whilst at the same recognising and maintaining its identity and community values," said chairman David Bloxham."We are delighted to enter into a period of exclusivity with Mike Garlick and believe his interest in the club will herald an exciting future for the club and its fans."In October, Bloxham said three of the club's four biggest shareholders were willing to sell their stakes if the "right" new investment was found.
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