Former Derby County chairman Peter Gadsby has made a £42 million bid to regain control of the club, but it has not been welcomed by the current owners. Gadsby, a lower property magnate, stood down after the club won promotion to the Premier League three years ago, with Andy Appleby, an American businessman eventually leading a takeover valued at £50m. However, Gadsby has grown frustrated at the recent lack of progress under the current owners.
Former Derby County chairman Peter Gadsby has made a £42 million bid to regain control of the club, but it has not been welcomed by the current owners. Gadsby, a lower property magnate, stood down after the club won promotion to the Premier League three years ago, with Andy Appleby, an American businessman eventually leading a takeover valued at £50m. However, Gadsby has grown frustrated at the recent lack of progress under the current owners.
‘The labyrinth of stakegoldings created by the current regime, with far-flung investors in America, Hong Kong and the British Virgin Islands, makes it hugely difficult to identify the beneficial owners or discovers who controls what percentage a situation that flies in the face of claims of transparency,’ Gadsby said.
Making bids for clubs that are not for sale because of dissatisfaction with their owners seems to be coming into fashion.