Torquay takeover completed
The takeover of Torquay United by a consortium of 10 local businessmen led by former striker Dean Edwards has at last been completed. Because of the uncertainty, only 57 season tickets have been sold for next season.
Article Taxonomy: Takeovers
Articles on football club takeovers and related issues
United to buy A-league club?
Manchester United could replicate their rivalry with Manchester City down under. It is being reported that they may buy A-league champions Melbourne Victory. Manchester City already own Melbourne City.
Lerner ready to quit
Randy Lerner is ready to stand down as chairman of Aston Villa this summer if he does not manage to sell the club. He has already made moves to put a new board in place if a takeover is not completed.
In a rare in depth interview in The Times, Lerner accepts that he should have stood aside years ago because of family and work commitments in the United States. His original plan had been to move to England which would have made the role of executive chairman more feasible.
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.