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Takeovers

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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.

Bolton takeover imminent

Former Bolton Wanderers striker Dean Holdsworth is close to a takeover of the club.  His Sports Shield group has been granted a 72-hour period of exclusivity in which to complete a buyout.

Bolton face a High Court hearing on Monday, with HM Revenue and Customs petitioning to have the club liquidated over an unpaid tax and VAT bill of about £3m.  If a takeover cannot be agreed, Bolton are expected to enter voluntary administration.

Turks move in at Crawley

A takeover of Crawley Town is imminent.  The prospective purchaser is Turkish steel magnate Ziya Eren who is president of a not particularly successful club in the Turkish second tier.

Negotiations have been taking place since October, although a British consortium was also said to be interested.  The club has been for sale since 2013.

Hibs fans urged to give bigger backing to buy out

Hibernian fans have been urged to give greater backing to their buy out vehicle, Hibernian Supporters Limited.   So far they have contributed £250,000 and own seven-and-a-half per cent of the shares.  It is hoped that by the end of the year they will have raised £500k.

Everton deal moves closer

With due diligence undertaken, a £200m takeover of Everton could be completed in the next few weeks.  It is understood that the pace of talks has picked up.   Two China-based investors are also interested, but they have made much less progress.

The club has emphasised that the construction of a new stadium nearby in Walton Hall Park will depend as much on a partnership with the city council as outside investment.

Wanderers fans seek to buy club

Bolton Wanderers Supporters' Trust have launched an attempt to acquire the club from Eddie Davies wih the support of local institutions and businesses.   Talks with the Sports Shield consortium led by Dean Holdsworth have not so far produced a solution for the financially troubled club.

German investors interested in Bradford City

A group of German investors is reported to be interested in taking a stake in Bradford City.  Interest from German investors in English clubs is relatively unusual.

No imminent developments are expected from the talks with the German investors.   They surfaced last summer and attended a home game late last year.

Last summer a takeover bid headed by former QPR chairman Gianna Paladani came to nothing.

Everton sale may be close

William Hill Betting are reporting that a sale of Everton FC may be close to being agreed.   The relatively complex ownership structure of the club might mean that a sale could take some time to complete.

American investors steam in to English Football

Hard nosed American investors are replacing the oligarchs and egoists who have invested in English football over the last twenty years.   If the deal at Everton goes ahead, eight of the twenty Premier League clubs will have investors from the US.