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Ben Hayes - Charlton Athletic programme



Chinese take 13 per cent stake in City

Sheikh Mansour has sold a Chinese consortium a 13 per cent stake in Manchester City for £265m.  It will also give the investors a stake in the Manchester City Group's (CFG) clubs in Melbourne and New York.

Takeover bid at Woking

A takeover bid is in the offing at Woking.   A consortium of lounge members led by a local businessman is interested in taking over.  In the year to 31 May the Cards posted losses of £437,000.  Finances have been tight there for some time.   The club is currently mid-table in the National League.

Majority shareholder Peter Jordan, who has pumped £1.5m into the club, is believed to have resigned from the board.

New era in football finance

In the past wealthy individuals from the Middle East and Russia with money to burn bought football clubs as a prestige acquisition or a form of political insurance.   By and large, the days of individuals with deep pockets are over for reasons that have been discussed before on this page such as the fall in the oil price.

Northampton Town sold

Northampton Town has been sold to former Oxford United chairman Kelvin Thomas.   The deal has the approval of Northampton Borough Council who are owed £10.25m for work at and around the Sixfields stadium that was never completed.   HM Revenue & Customs are owed £166,000 and are bringing a winding up petition.

American investment boost for Palace

Crystal Palace have agreed in principle a deal with American investors to take a 36 per cent stake in the club. The lead investor is Josh Harris, owner of the New Jersey Devils and Philadelphia 76ers. Talks have been taking place for some time, but stalled earlier in the year.  An agreement is expected by Christmas.

Cortese considers Leeds takeover

Former Southampton chairman Nicola Cortese is considering a takeover of Leeds United.  He is contemplating an attempt to buy out Massimo Cellino.

Not without reason, Cortese believes that Leeds could be a leading force in English football.  They have been in the past and Leeds is a regional capital within the Northern Powerhouse that the government is boosting.  This may be more rheotoric than substance, but Leeds as a city is prospering. At the moment, however, there is no real crossover between the club and the city it represents.

Blackpool fan takeover rejected

Blackpool owner Owen Oyston has ended talks with the club's Supporters' Trust over a possible takeover. The Trust had launched a £16m bid in July.

In a letter on the club's website, Oyston said: 'I believe that if you were left to run the club you would go to the wall because you do not have any money or the experience necessary to support the club in its moment of need.'

'It would be irresponsible of me to simply hand this over to you as it is clear to any independent observer that you could not operate it successfully.'

Could Leeds be sold to fans?

The Leeds Fans Utd supporters group says that it has reached 'an agreement in principle' to purchase Massimo Cellino's majority stake in the club.   Unfortunately, there may be quite a gap between the principle and its execution in practice.

Cobblers' takeover is off

It's been one of the most protracted and secretive takeover negotiations in recent football history, certainly in League 2, but negotiations with a mystery Indian consortium that wanted to take over Northampton Town have now been called off.

According to a statement from the London-based consortium, they encountered 'insurmountable' problems and complications at the due diligence stage.

Exiles fans reach takeover target

Newport County Supporters' Trust have raised the funds they need to secure control of the club.  They now become the fourth fan owned club in League Two alongside Exeter City, Portsmouth and Wycombe Wanderers.