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Takeovers

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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.

Gateshead FC for sale

Gateshead owner Brian Wood has put the club up for sale.   He has bankrolled his home town club for the past nine years but has not been able to achieve his ambition of returning them to the Football League after an absence of 55 years.   At the age of 71, he feels it is time to call it a day.

New bid for Villa

Aston Villa are the subject of a takeover bid by a group of 'blue chip' investors led by former Chelsea business director Paul Smith.  Smith held a number of executive roles at Chelsea before his acrimonious departure in 2007, when he was sacked on his return from a pre-season tour of the United States. 

Police raid Sports Direct HQ

Police have visited the headquarters of Sports Direct in Derbyshire as part of an ongoing investigation into takeovers at Rangers.    Sports Direct owner Mike Ashley has a nine per cent stake in Rangers.

Baggies takeover nearer

The prospect of a takeover at West Bromwich Albion has grown nearer after interested parties from the Far East and the United States entered due diligence. Given that the club showed a good profit in its last financial year, there shouldn't be any skeletons in the cupboard to hold things up.

Aston Villa deal imminent

A deal to sell Aston Villa to a consortium for around £150m is thought to be imminent.  Due diligence has been in progress and the purchasers are just waiting to ensure that the club's Premiership place is secure.

Because of the impending deal Villa have not made any arrangements for a pre-season tour.   Randy Lerner will make a rare visit to a Villa match when he attends the FA Cup semi-final on Sunday.

It remains to be seen whether new owners can realise the potential of this sleeping giant.

Lot of interest in buying Baggies

At least five groups have now expressed an interest in taking over West Bromwich Albion.  An Australian consortium, two groups from the Far East and a potential buyer from the United States are known to have expressed an interest.   At least one other group of possible buyers has already been shown round The Hawthorns and the training ground.

English clubs seen as good value by American investors

When the takeover of Crystal Palace is completed as expected by the end of the season, it will become the fifth American owned club in the Premier League.  At £90 million the price is higher, even allowing for inflation, than the £62m Randy Lerner paid for Aston Villa in 2006 or the £22m Ellis Short paid for Sunderland in 2009.