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Takeovers

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Liverpool bid opens up new chapter

A formal bid delivered at the weekend by New York-based global equity bid Rhone Group for a 40 per cent  equity stake in Liverpool has opened up a new chapter in the long-running ownership saga at the club.  Fans are sceptical or even downright hostile and the current American owners, Tom Hicks and George Gillett Jnr, look unlikely to accept the offer because it falls below their expectations.  However, they are running out of road as they have to repay £10

Former owner bids to take over Derby County

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.

Baggies Up For Sale

Chairman Jeremy Peace has effectively put West Bromwich Albion up for sale. He said in a statement that he will listen to any 'substantive and sensible proposals which are in the best long-term interests of the club', including those for his 51 per cent of the club's shares. The reasoning behind his decision is simple: the club needs more money to compete effectively in the Premiership.