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Takeovers

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Baggies sale near completion

The sale of West Bromwich Albion to a Chinese consortium is expected to completed by the end of the month.  The price is though to be in the region of £150m.  The club is debt free and has been making a profiit.

Chairman Jeremy Peace owns 88 per cent of the shares in the club.  His generally good record as chairman is assessed here.

Northampton Town set for foreign takeover

Northampton Town is a quintessentially Middle England club, but it looks set for a takeover by an Indian consortium as foreign investors reach into the lower levels of the Football League.

Standard Liege sold

Roland Duchatelet has sold Standard Liege to the club's vice-president Bruno Venanzi.   He co-founded an energy company which specialises in green tariffs in 2003.   So far 83 per cent of Standard fans voting in an online poll have welcomed the news.

Hartlepool takeover completed

The takeover of Hartlepool United by JPNG has been completed and approved by the Football League. JPNG are a specialist recruitment company with clients in Dubai and the UAE as well as the UK.

Former owners Increased Oil Recovery were in charge for 18 years.  The newly formed Supporters' Trust has welcolmed the takeover.

Torquay takeover completed

The takeover of Torquay United by a consortium of 10 local businessmen led by former striker Dean Edwards has at last been completed. Because of the uncertainty, only 57 season tickets have been sold for next season.

United to buy A-league club?

Manchester United could replicate their rivalry with Manchester City down under.   It is being reported that they may buy A-league champions Melbourne Victory.  Manchester City already own Melbourne City.

Lerner ready to quit

Randy Lerner is ready to stand down as chairman of Aston Villa this summer if he does not manage to sell the club.   He has already made moves to put a new board in place if a takeover is not completed.

In a rare in depth interview in The Times, Lerner accepts that he should have stood aside years ago because of family and work commitments in the United States.   His original plan had been to move to England which would have made the role of executive chairman more feasible.

Ashley Gateshead rumours denied

Rumours that Newcastle United owner Mike Ashley was interested in buying Gateshead have been denied.   The notion was that the Conference side would be used to develop young Magpies players, but that could be achieved anyway through a link up.

Five potential buyers have come forward, including ones from Texas and the south of France.  Current chairman Graham Wood has put £10m in the club over the last ten years.

Crystal Palace takeover fails

Talks over a planned takeover of Crystal Palace FC by a group of American businessman have broken down.   Advanced discussions between the club and an investor group led by US billionaire Josh Harris, co-founder of the private equity firm Apollo Global Management, have unravelled in the past several weeks.  

AC Milan look for investors

AC Milan president Silvio Berusconi is looking for investors in the club from abroad, particularly it seems from China.   This is somewhat paradoxical as he also argues that there are too many foreigners in Italian football.