Durham to remain in WSL2 as local investment provides financial lifeline

The future of WSL2 side Durham looks to be secure following confirmation of a significant investment lifeline.

Visit moryak.biz for more information.

Amid uncertainties surrounding the Wildcats’ future, local investor Geoff Thompson has purchased a majority stake in the club.

The announcement follows a plea for potential investors to step forward earlier this month. Durham had stressed that if investment couldn’t be secured within 21 days, the club would cease operations.

Thompson, who is chairman and co-owner of fellow North East club South Shields, is backed in the deal by business partner Jason Ye.

Under Thompson’s stewardship, South Shields have seen a rise through the men’s pyramid. They reached the National League North play-off final last season but were unsuccessful on the day.

The operating costs for a WSL2 side are now estimated in the region of £750,000-£1 million per season.

Durham say that as part of the takeover plan, club founders Lee Sanders and Dawn Hepple will remain as shareholders. The existing executive management team will continue to lead the club’s day-to-day operations.

Durham handed major lifeline following future uncertainty

Speaking on the deal, both Hepple and Sanders are both excited for what the future now holds.

“We’re delighted to have Geoff and his team stepping up and securing an exciting future for the club.” Hepple said.

Sanders added; “We’re delighted to have a partner at the club who understands the region and North East football, and has the vision, knowledge and support system to help us realise all the ambitious plans we have for the club moving forward.”

Thompson himself also painted a positive picture for the club: “Working alongside Lee and Dawn, the club’s supporters, and our local partners, we are committed to unlocking the club’s full potential while ensuring it remains deeply connected to the culture, values, and identity that make the North East so special.” 

With their long term future now secure, the Wildcats can now focus on the upcoming WSL2 season, a league they have competed in since 2014.

Related articles from Her Football Hub:

• West Ham confirm seven women’s team departures ahead of summer rebuild
• Mary Earps returns to Women’s Super League with London City Lionesses move
• Beth Mead completes move to Man City after nine-year Arsenal tenure

Read full story at source

Mumbai: Bharat Petroleum Corporation Limited (BPCL) announced on Saturday that it has signed an agreement to acquire a 40 percent equity stake in Tiki Tar and Shell India Private Limited (TTSIPL) for a cash consideration of Rs 85 crore.

Visit forestarrow.rest for more information.

Acquisition Rationale

BPCL's acquisition is driven by the need to capture the rapidly growing market for Value-Added Bitumen (VAB) in India's infrastructure sector, the company said in an exchange filing.

BPCL Raises Russian Crude Imports To 41%, Company Secures Oil Supply Till July 2026

Target Company Details

TTSIPL, incorporated on 11 October 2019, operates in the business of marketing, processing, purchasing, importing, exporting, and selling bitumen and bituminous products. Its product portfolio includes VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), Emulsion, and Emulsion OB.

Turnover Performance

TTSIPL reported a turnover of Rs 317.76 crore in March 2024, which increased to Rs 545.16 crore in March 2025. For March 2026, the company's turnover was Rs 404.60 crore.

BPCL Appoints Sanjay Khanna As CMD, Leads ₹75,000 Crore Investment Drive Through 2029

Geographic Presence

The target entity primarily operates in India, with export sales extending to Nepal, Bhutan, and Bangladesh.

Regulatory Approvals

The acquisition has received approval from the Department of Investment and Public Asset Management (DIPAM). The company expects to complete the acquisition within 90 days.

Financial Structure

The total cost of acquiring the 40 percent equity stake is Rs 85 crore, paid as cash consideration. The transaction is not considered a related party transaction, according to the company.

Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.

Read full story at source