Morecambe for sale

Morecambe FC have announced on their official website that the club is for sale.   Majority shareholder and chairman Peter McGuigan has been in charge for 16 years.

In a statement Mr McGuigan said, ‘The club moved into a new purpose built wholly-owned stadium in August 2010 and is virtually debt free.   There is an option to develop the ground further with a 30,000 square foot pitchside office block which is already 50 per cent pre-let, as well as a 50-60 room hotel adjacent to the stadium.’

Failed bidder tries elsewhere

Having failed in a takeover at Woking, businessman Ashley Read is now to trying to take control at rivals Aldershot Town.   Months of negotiations with Woking ended after they failed to provide the financial information he required.  Woking, who posted losses of £500,000 in their last financial year, badly need a cash injection.

Aldershot chairman Shahid Aszeem save the club from almost certain closure in 2013, doesn’t hide the club’s search for fresh investment.  However, he says that there is no offer on the table yet.

New partner at Everton

Iranian-born British citizen Farhad Moshiri, who is resident in Monaco, has agreed to take a 49.9 per cent stake at Everton.  Until Friday he was a significant shareholder in Arsenal.

Moshiri, who made a fortune of £1 billion through investments had been a co-investor in Red and White Holdings who own 30 per cent of Arsenal.  He sold his stake to partner Alisher Usmanov for £150m to fund buying into Everton.  His investment values the club at £175m.   It is expected that he will eventually complete a takeover.

Bristol Rovers taken over

It has been announced that the takeover of Bristol Rovers by the Al-Qadi family has been completed.   The influential family are major shareholders in the Arab-Jordanian Investment Bank.  The asset value of the bank is £1.72bn.

The club say Mr Wael Al Qadi – “a lifelong fan of English football and a member of the executive board of the Jordan Football Association” – will become president.