Doncaster Rovers director Terry Bramall claims he is ready to accept Sequentia Capital’s bid to buy Rovers. Months of disagreement between the club’s major shareholders over the potential takeover played a major factor in John Ryan’s decision to resign as Rovers chairman on Saturday. He has said he won’t come back.
Doncaster Rovers director Terry Bramall claims he is ready to accept Sequentia Capital’s bid to buy Rovers. Months of disagreement between the club’s major shareholders over the potential takeover played a major factor in John Ryan’s decision to resign as Rovers chairman on Saturday. He has said he won’t come back.
But Bramall has suggested an about turn on the deal and admits he is now ready to agree terms following renewed negotiations. The construction magnate admitted the main sticking point of the deal for the objectors centred around the manner of payments from the Belize-based hedge fund. Sequentia initially hoped to make payments in instalments over five years.
Bearing in mind what has happened at Coventry City, one would be cautious about the involvement of a hedge fund. What remains uncertain is what their strategy would be for deriving value from Doncaster Rovers, presumably by capital appreciation.