Jun 19 2012 By Tim Street
BRENTFORD supporters voted on Monday night to sell the entire club's shareholding to supporter-investor Matthew Benham.
Supporters trust Bees United, the club's previous majority shareholders, elected at a special general meeting to bring its five-year deal with Benham to a conclusion two years early.
Benham had initially come on board back in 2009, striking a deal which would see him take over the club in July 2014 if the trust were not able to buy him out by then.
While the BU Board had the authority to make the decision independently, the trust felt it was vitally important that members had the final say in any decision of this magnitude.
Details of the timescale and date for the formal transfer of ownership will be announced as soon as these have been finalised and agreed with Benham and his team.
BU, meanwhile, will continue to act to help safeguard the long-term future of the club, and as well as maintaining representatives on its board, will also retain the 'golden share' that protects against the unreasonable sale of Griffin Park.
Should such a time come, the BU board can ensure its members vote on any proposal to move to a new stadium that does not meet the specified standards.
BU chairman David Merritt said: "Bees United over recent years, has owned Brentford FC during what is probably the period of greatest investment in its history.
"We are immensely proud of the successes achieved, and look forward to even more. I would like to thank Matthew for the support that made much of this possible.
"We look forward to continuing to help safeguard the future of the club as we work for future success under Matthew's direct ownership, and as we strive towards our shared aims of a new stadium."