PAUL Cocks has instructed solicitors to take legal action against George Rolls over the majority shareholding his family possesses in Weymouth FC.

The former director is adamant the Cambridge-based businessman reneged on an agreement when he acquired the shares shortly after taking over the club in November 2009 – an allegation Rolls continues to deny.

Cocks has threatened such action several times before but now he believes he has no alternative due to the increasing uncertainty surrounding the Football club and the Rolls regime.

Cocks told Echosport: “My solicitors are in the process of putting a letter together, which will tell him to return the shares immediately into a trust on behalf of Weymouth FC or go to court where we will be appealing for an injunction to call him to do so.

“This action is backed by a fairly large group of supporters and it is something I wish we had done over a year ago.

“I am just focusing on the shares but there is also the failure of the club to produce accounts for the last two years, which is a basic requirement of any business and something that could lead to legal penalties and action from the football authorities.

“We have tried to give him the benefit of the doubt but it is clear now his intentions are not genuine.

“Anyone else that is considering paying for those shares will also be at risk of the same legal action.”

Rolls, who has since transferred the shares over to his wife Amanda, continues to be linked with a takeover of Kettering Town.

When asked to comment on the possibility of facing legal action, he replied: “This has come up many times before and it is rubbish.

“Everything is legal and above board, and I have nothing to answer.”

Meanwhile, the Weymouth FC Supporters Association and fundraising initiative Wessex Fantasy Football have both stopped cheques to the club in protest of the ongoing controversies.

Rolls has intimated that their actions could force manager Brendon King to be without several non-contract players for tomorrow’s home clash against Stourbridge (3pm).

He added: “The money raised by the WFF is funds the club has budgeted for and I think Ian White and his committee need to hang their heads in shame for cancelling the latest instalment.

“I am also sure those fans that have put their hard-earned money into the initiative will let them know their fervour tomorrow when we have to field a weakened side because of it.”

In contrast, WFF released the following statement yesterday: “Due to the uncertainty surrounding the club at this moment in time, the WFF committee decided last Monday to follow the same course of action as the WFCSA did with their season ticket cheque and cancel our latest instalment – a cheque for £1,500 which we handed over last Saturday at the Banbury United game.

“This action will in no way cause any trouble with this Saturday’s game as WFF has always paid in advance, not arrears, and it has always been a payment for four weeks.

“As it is a cheque, we have also always paid each instalment to Nigel Biddlecombe (club director), two weeks before the first week’s due date so the money is cleared and in the club’s account ready for use.

“The WFF cheque we gave the club on Sunday, January 22, 2012 was to cover the Saturdays of the 4, 11, 18 and 25 in February 2012 while the one we handed over last Saturday was for the four-week period from March 3 to March 24 inclusive.

“One of the main guarantees that the WFF committee gave when they started this venture last season was that they would safeguard and look after all of the fans’ contributions to this great enterprise.

“Once the future of the club has been safely sorted the WFF will continue giving Weymouth Football Club its full support.”

* Director Nigel Biddlecombe appears to be in advanced takeover negotiations with George Rolls and reckons a deal could soon be finalised.

He said: “I feel that we are very close to an agreement and I am hoping a deal can be concluded by Monday.”

Rolls admitted to negotiations with Biddlecombe but played down talk that a deal is close.