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Takeovers

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Forest sack manager after takeover talks fail

Nottingham Forest have sacked their manager Philippe Montanier after takeover talks failed.  Judging from his remarks after the 0-0 away draw with Birmingham City, he was not anticipating his downfall.

Leeds deal sealed

After several months of rumour and negotiation, 50 per cent of Leeds United has been sold to Italian businessman Andrea Radrizzani.   

Massimo Cellino's stake reduces to 30 per cent.  It may in time reduce further.  Radrizzani is understood to have an option to buy the rest of the club in the summer.

Football in resorts: the case of Torquay

Ar first sight Torbay might seem to fit into Type 2 of our resorts categorisation.  Type 1 covered small, select up market resorts.   Type 3 were towns highly dependent on tourism that had fallen on hard times like Skegness.    Type 2 were towns which had diverisified economies in which the resort function sat alongside many others such as Bournemouth.

Morecambe FC plunged into crisis

Morecambe FC has been plunged into crisis after majority shareholder Mr Diego Lemos failed to deliver on promises of investment.  Ali Abdulrahman Al Hasemi has resigned as co-chairman and director.

Mr Lemos has not been in the country since mid-November and has been difficult to contact.   The Brazilian businessman took over at the club at the beginning of September.

Notts County deal sealed

It has been a long drawn out saga which started in February but Notts County have been sold by owner Ray Trew to local businessman Alan Hardy.    Trew put the club up for sale after being subjected to what he called 'mindless abuse' by fans.  They are the oldest professional football club in the world, having been founded in 1862.

Could Abramovich sell up?

There is increasing speculation in the Russian business community that Roman Abramovich may sell Chelsea.   Many of his fellow oligarchs are loosening their ties to London.

Saudi Arabian investors target London clubs

Saudi Arabian investors are reported to be targeting London clubs for takeover after it was decided to privatise the country's national football league.   Up to now most teams have been government owned, but a study from Deloitte recommended the change.

Bolton deny Saudi takeover reports

Bolton Wanderers have denied reports that they are in talks with a Saudi-based group about a takeover. In September chairman Ken Anderson did say that he was looking for more investment from abroad.

Before the takeover deal by a consortium in March the club had accumulated debts of £170m, although these were cleared as part of the settlement.   The club are currently under a transfer embargo for failing to comply with Financial Fair Play obligations.

Red Bull in market for English club

Red Bull are reported to be in the market for an English football club to add to those they own in Germany and Austria.  It would be a logical next move for them given the prestige associated with the Premier League.

The director of sports at RB Leipzig recently attended games at Brentford, Charlton and Chelsea. However, none of these clubs is for sale.  Charlton have had difficulties with their current Belgian owner, but it seems that the Charlton visit focused on a possible player acquisition.

Chinese company interested in Southampton

Southampton are the latest club to attract interest from Chinese investors.    Talks are being held with Lander Sports Development, a company that recently posted year end losses of around $59 million. Their last involvement in sport was a deal to promote curling in China before the 2022 Winter Olympics.

Southampton would be the biggest English club to be taken over by Chinese investors.   The price tag is thought to be around £200 million.