26 February, 2008


Dear Liam

Re: LTFC2020 Ltd to be next custodians of Luton Town

Antony, Stephen and I are proud to announce that today LTFC2020 exchanged contracts with the administrator in order to become the new custodians of Luton Town Football Club. Together with Trust in Luton, we are now in a position to be able to take the club forward after the uncertain times of recent months and to make the financial and management troubles a thing of the past. Our club is now safe.

It’s now time to look forward to an exciting future. We have a long-term plan that focuses on ensuring financial security and bringing the good times back for all supporters. We are totally committed to rebuilding the youth structure for which the club is famous and we will work within the community. We will bring the soul back to our club.

Just as a reminder for your members, we will not formally be in control of the club until the Football League reissue us with the club’s golden share. This is not expected to be until between Easter and near the end of the season, as creditors and the Football League have a large say in timescales. At this point we exit administration and we will once again be able to trade on the transfer market and be in control of our own destiny. Whatever sanctions the authorities take against us for past wrongdoings, and whatever league we are playing in next season, all at LTFC2020 are totally committed to our long-term plan.

The whole team at LTFC2020 would like to place on public record our tremendous thanks for your support over the past few months. We know this was based on our Prospectus and subsequent Bid Document we issued, but nevertheless your board and your members have been supportive in so many ways. We owe you a debt of gratitude and we are now eager to ‘get our sleeves rolled up’ and start turning our club around.

We have said on many occasions that this will take time. The club has been left in a terrible state and that is why it is so important we stick to our 2020 Mission. To a large degree, the fight for survival has just begun. However, the huge battle we have just won is that we are now in control of our own destiny. This was achieved because of unity across the whole supporter base.

Over the coming months, we aim to find a suitable location to be a new home for Luton Town. As you know, we will commission an Independent Feasibility Study that will engage the community, fans, businesses, Council departments, MP’s and yourself, amongst others. We strongly believe that contrary to recent publicity, an option for a home for the club can be found within the Borough and we do not necessarily need to invade rural greenbelt to achieve our aims. However, whatever the outcome of the Study, we will use it as the determining factor in selecting our new home. Obviously we hope we can rely on your support during this process.

We have written to Luton supporters on the club’s database and taken the opportunity