Nuneaton Borough: Investment firm DA Capital completes takeover of non-league club
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Jimmy Ginnelly guided Nuneaton to last season's Southern Premier Central play-off final, which they lost to Rushall Olympic
A takeover of under-threat non-league side Nuneaton Borough has been completed, the club has announced.
Boro's future was cast into doubt after it was served with an eviction notice from its FCS Stadium home in October by landlords Arden Tigress.
Manager Jimmy Ginnelly has doubled as club owner since 2019 but investment company DA Capital have now taken over.
Ginnelly said the ownership change was "the best possible outcome for the survival and growth of the club".
DA Capital director David Anderson will take operational control of the Southern League Premier Central club, alongside Nick Thompson and Robert Tidmarsh.
Ginnelly will retain his managerial role, with the club sitting seventh in the table and just a point outside the play-offs despite the off-field issues.
"David, Robert and Nick have a great knowledge of football business and understand the local aspect that make this club so special," Ginnelly added.
"Now I can focus fully on the football, which is what I have always wanted to do and leave the business of the club in good hands."
The club, however, remains without a ground while the eviction notice stays in place, with their next home game scheduled for Saturday, 2 December against Leiston.
Boro have been forced to switch fixtures to opposition's grounds or play at neutral venues including Stratford and Hinckley since their stadium in Liberty Way was padlocked shut.
Supporter-led collections had enabled Boro, who have been behind in rent payments since 2019, to fulfil their matches amid fears the club could cease to exist.