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Notts County sale imminent

The sale of Notts County is reported to be close.   It could take place within a week or even tomorrow.  The identity of the purchasers is not known, although there has been speculation about an American consortium.   Potential Danish and Chinese buyers have also been interested.

Football clubs in great financial shape

Football clubs have never been in better financial shape, according to a study by insolvency experts Begbies Traynor.   Only two clubs show signs of financial distress.   That amounts to three per cent of the total compared with 18 per cent in 2012.

The improved performance is down to the trickle down effect of television money, but also to good housekeeping enforced by the Football League and Her Majesty's Revenue and Customs.

Cull of managers continues

The managerial merry go round continues in the Football League.   Of the 72 clubs, 42 have made managerial changes and eight clubs have made a second change of the campaign.   Charlton have had three head coaches.

At Notts County Mark Cooper replaced Jamie Fullarton only 69 days after Fullarton himself replaced Ricardo Moniz.   Cooper has been given a points target to meet if he wants to remain in post.

Wimbledon stadium setback

AFC Wimbledon's plans for a new stadium at their historic home in Plough Lane have suffered a setback after the Greater London Authority decided to call in the planning approval and review it.   However, the club is confident that the plans will go ahead after some delay.

Premier League wants cup entry for under 21 teams

The Premier League is negotiating for entry for 16 of its under 21 teams to the Johnstone's Paint Trophy next season.   League One and League Two clubs would receive contributions towards their youth development programmes in compensation.

The Football League is insisting that the teams should not be called 'B' teams.   Some Premier League clubs would like to have 'B' teams in the lower reaches of the Football League.

Notts County sale near

A sale of Notts County is expected to be completed within the next month.   The hearing of a winding up petition against the club brought by HMRC has been postponed.

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.'

Big interest in Notts County

There has already been big interest in taking over Notts County with eight buyers reported to be in the frame.  Most of the interest has come from overseas and talks have already been held with an anonymous Danish billionaire.

Notts County up for sale

Ray Trew has stepped down as chairman of Notts County and has announced the club is for sale.  He became owner and chairman in 2010 but said he and his family were subject to 'foul and mindless abuse' in recent days.

Trew bought the club for £1 and took in debts of £1.5m built up during Middle East consortium Munto Finance's brief period as owners.  The Magpies have had nine full-time managers during Trew's tenure.

Whether there will be any buyers for the club remains to be seen.

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.