Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Takeovers

Share/Save

Hartlepool United taken over

Relegation threatened Hartlepool United have been taken over by a newly formed company, TMH 2014. The consortium is understood to be based in South Yorkshire.

Aberdeen-based Increased Oil Recovery have been in charge since 1997 and the regime has not been a popular one with fans.

Motherwell fans close to takeover

Motherwell fans are confident that they are close to taking control of the club.   They have not raised quite as much money as they hoped, but retired businessman Lee Hutchinson has stepped in to help them.

The club has made losses of £780,000 over the past two seasons and is expected to record another loss this season, so there is a big financial challenge ahead.

Blues deny financial problems

Birmingham City have issued a statement denying that the club is facing financial problems.  Last week former chairman Peter Pannu issued a statement claiming that they would have difficulty meeting a seven figure corporation tax bill.

Bolton in takeover talks

Bolton Wanderers are the latest club to be targeted for a possible foreign takeover.   Chairman Phil Gartside has flown to Thailand for talks with entertainment company BEC-Tero and sports media giant Siam Sport Syndicate who are interested in making a joint bid.   They are thought to value the club at around £40m.

Red Bull interested in buying Leeds

Austrian energy drinks company Red Bull are interested in buying Leeds United, but owner Massimo Cellino only wants to sell a minority stake.   This could then be used to buy Elland Road for the club which is currently leased.

Red Bull are thought to value Leeds at between £55m and £70m.   They were interested in buying Newcastle United, but were put off by the £230m asking price.

Ashley makes ground at Rangers

Newcastle United owner Mike Ashley is tightening his grip on Rangers.  Financial consultant Philip Nash, one of the two directors he has been trying to remove, has resigned from the board with immediate effect.

This suggests that rescue plans from indviduals other than Mr Ashley are unlikely to succeed.  The offer of £16m for the club from former director Dave King looks set to fail because of opposition from Sandy Easdale who controls 26 per cent of the voting shares.

Billionaire to take over at Palace?

Crystal Palace may be on the verge of becoming the sixth Premiership club to be either American owned or to have an American majority shareholder.   American billionaire Josh Harris is being linked with an acquistion of the club.

Harris, who owns the NBA team Philadelphia 76ers, was linked with a possible takeover at Aston Villa earlier in the year.

Rangers bid talks

Dave King, who in conjunction with two other businessmen, is seeking to make a £16m bid for Rangers has been in talks with influential shareholder Sandy Easdale.   King needs the support of 75 per cent of shareholders and Easdale controls 26 per cent of the voting shares.    King is said to be open to a deal which would avoid dilution of the stakes of existing shareholders.

Bolton for sale

Bolton Wanderers is for sale to the right purchaser, but the question is whether any purchaser can be found.  Not only are the club bottom of the Championship, but they are £160m in debt.

Can Indonesian tycoon turn Inter around?

Inter Milan has had a difficult patch since winning the Champions League in 2010.  It has finished no higher than fifth in Serie A in the past three years and has fallen to 15th in the latest Football Money League from Deloitte.

Indonesian tycoon Erick Thohir now owns 70 per cent of the club (with business partner Handy Soetedjo) and is aiming to make it one of the top ten revenue earning clubs again and a contender in the Champions League.