Following last night's SGM, the Supporters Trust issued a press release at 8.00am this morning. At the meeting Trust members approved a proposal that the Trust should reach an agreement in principle with Hendon Football Club's current owners, the Arbiter Group, to take ownership of the Club by 31st October 2008. Trust members were also advised that discussions are ongoing with the relevant football authorities to securing agreement that the Club can play their home games at Wembley FC's Vale Farm ground as soon as possible.

The full text is as follows

On Wednesday 6 August, the Board of the Hendon Football Club Supporters Trust (the Trust) held a special general meeting (SGM) at Hendon Football Club's Claremont Road ground. Trust members were asked to approve a proposal that the Trust should reach an agreement in principle with Hendon Football Club's (the Club) current owners, the Arbiter Group, to take ownership of the Club by 31st October 2008. All Trust members in attendance voted to approve the proposal and a letter setting out the agreement in principle has now been signed by both parties.

There are many details to be agreed but the two parties will now work together to execute a formal Agreement and to obtain the approval of the relevant authorities. In the meantime, the two parties will work together to ensure stability in the run-up to the coming season.

In addition, Trust members were advised that steps have now been taken to secure the permission of the relevant football authorities for the Club to enter into a groundsharing agreement with Wembley Football Club. All parties are working towards securing agreement in time for the Club to play at Wembley Football Club's Vale Farm ground. This agreement will be effected as soon as possible.

Simon Lawrence, Chairman of the Trust, said:

"The first key step towards Trust ownership was taken back in March 2006 when the Trust was formed. The agreement in principle to take ownership of the Club represents the second key step in the process and moves us closer to our goal of ensuring the long-term survival of the Club.

"While it is desperately disappointing to have to leave Claremont Road, we have been aware for some time that our time there will come to a close at some point and we have been in discussions with Wembley Football Club for quite a while.

"We are nervous about the challenges ahead but excited at the prospect of securing our great club's long-term future."

For more information, please contact Simon Lawrence on 07976-907486 or email him at simon.hendon@btinternet.com.

About Hendon Football Club:

Hendon Football Club was founded in 1908 and is, thus, in the process of celebrating its centenary. The Club plays in the Premier Division of the Ryman Football League.

Further details relating to the Club's history, honours and records, playing record and management and playing staff can be found at www.hendonfc.net.

About Hendon Football Club Supporters Trust:

Hendon Football Club Supporters Trust was formed in 2006 as supporters became aware of the increasingly precarious position of the Club. The Trust's mandate is "to do everything within its power to ensure the continuation of Hendon Football Club playing at the highest level of football consistent with its financial position".