Northern Echo Invests
by Wayne Raper - 20th February 2012
Local paper 'The Northern Echo' today announced plans to invest £10K in Darlington FC 1883 structured over the three share investement phases.
Peter Barron, editor of The Northern Echo, said: "The paper has been at the heart of the campaign to save Darlington Football Club from the outset and we have decided to make this investment as a further demonstration of our support.
"These are challenging economic times for all businesses and we recognise the sensitivities of making this investment. However, as Darlington's local paper, we felt it was something we had to do. Darlington Football Club is an important part of our business, supporting sales of the paper, and it is an investment on behalf of our readers.
"The £10,000 will be split over the three phases of the appeal and I sincerely hope we get that far. It certainly won't be for the lack of effort."
Darlington MP Jenny Chapman said: "It is fantastic that The Northern Echo is showing such support for the appeal in these difficult times. I'm sure it will be appreciated by everyone associated with the club and I hope other companies feel they are able to follow suit."
Mark Maynell, of the campaign group Darlington FC 1883 Ltd, described The Northern Echo's announcement as "tremendous news".
The investment will be made by Newsquest (Yorkshire & North-East) Ltd, publishers of The Northern Echo, Darlington and Stockton Times and Advertiser series.
It is hoped this will be the first big investment by local business, although it is thought some have invested under the radar through Crowdcube already and there are plans for an investor day to be held at the stadium in the very near future.