REDDITCH United have confirmed a new investor has joined the board of directors at the Reds after buying a 40 per cent stake in the club.
Pritesh Sonpal, previously involved with Lexon Pharmaceuticals and Knights Pharmacy, has joined the board the directors at the Valley Stadium.
Sonpal brings his previous business experience to the Reds and has supported the team at a number of matches this season.
Sonpal said: “I’m excited to be joining Redditch United at such a pivotal moment.
“Having already spent time around the club and seen the passion of the supporters and the way the club impacts the local community.
“I know there is huge potential both on and off the pitch.
“I look forward to working with David [Faulkner], the board, and everyone connected to the club to help drive it forward.”
Redditch chairman David Faulkner added: “We are thrilled to welcome Pritesh to Redditch United.
“His reputation within the local business community speaks for itself, and he is already well known to many around the club.
“This investment not only strengthens our ambitions but also provides important financial stability by reducing debt.
“His commitment, values, and business acumen align perfectly with our vision for the future as we continue building a stable, ambitious and community-focused football club.”
Redditch said Sonpal’s investment will provide the club with increased long-term financial stability and allow the Reds to reduce their existing debt.
According to records in the public domain, Sonpal was previously disqualified from becoming a director for a period of four years by the Competition and Markets Authority (CMA).
Sonpal was disqualified in January 2022 for a breach of competition law when a director of Redditch-based Lexon (UK) Limited.
The ban expired in January this year with Sonpal now free again to become a company director.
The Standard has contacted Redditch United for comment but has not yet received a response.
