The Foxes Trust have issued the following statement announcing that they have helped the consortium buy the club.

Foxes Trust is proud to announce that their application for 100,000 £1 ordinary shares has been accepted.

Jon Holmes announced on Tuesday that New Fox PLC had secured enough funds to complete a deal with the administrators. New Fox PLC hopes to be able to conclude a deal with the administrator within the next few days. This achievement is a tribute to all Leicester City fans who contributed via membership fees & donations.

Jon Holmes in an interview on Sky Sports News commented,

"It's a fantastic effort by the community as a whole. The Supporters Trust also came in with money. It's an effort of which the city and county can be very proud. There's no institutional money coming into football now. It's for the community to get in and support clubs."

Foxes Trust will now work towards securing further investment to increase it’s shareholding with a view to having an elected representative on the Board of Directors of Leicester City FC.

Wendy Bennett ,Chair of Foxes Trust said,

"We wish the new company every success with the challenges that lie ahead and look forward to establishing a working relationship which can benefit our members and the football club."

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