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Ben Hayes - Charlton Athletic programme

Takeovers

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Big plans for Bangor City

A Cheshire-based consortium that has taken over Bangor City has big plans for the North Wales club, They plan to pump in at least £100,000 a year as they seek to end the domination of the Welsh Premier Leage by The New Sants.   The real attraction is perhaps not the WPL title, but the chance of Champions League football.

Forest takeover may hit snags

Greek shipping magnate Evangelos Mariankis has been linked with taking a majority stake in Nottingham Forest for some time now.    Some reports suggest that a deal to acquire a 80 per cent holding may be imminent.

Mariankis is the owner of the Piraeus based team Olympiakos.   They have been crowned champions for six consecutive years, this year by a record 28 points.

Hong Kong buyer for Birmingham City

A Hong Kong-based businessman, Paul Suen, is poised to buy a majority stake in Birmingham City.  He intends to buy at least 60 per cent of the club through his company, Trillion Trophy Asia.  This appears to be an investment vehicle set up for the occasion.

Mr Suen is an active investor in small listed companies in Hong Kong.

The sale, expected to be completed before the end of September, values the Blues at £37m.  It would end the seven year tenure of Carson Yeung, the Hong Kong businessman and convicted money launderer.

Chinese group takes majority stake in Inter Milan

Chinese appliance retailer Suning Commerce Group has agreed to pay €270m for a 70 per cent stake in Inter Milan.   The retailer is already active in domestic Chinese football.

Ex-owner , Indonesian businessman Erick Thohir, remains as president with a reduced stake of 31 per cent.   The club is thus entirely in foreign hands for the first time.

American owners at Swansea

The takeover of Swansea City by an American investment group was completed yesterday.  The consortium is fronted by Jason Levein and Steve Kaplan, who have extensive experience in American sports.

Hull City's future in doubt

With Hull City having gained access to the riches of the Premier League, speculation has intensified about a takeover.   The club has been for sale since 2014 when the owner failed to get the club's name changed, but it is now a more attractive prospect.   Some reports say that talks have been in progress since early this month.

Steve Bruce has said that he will need assurances from the owners  if he is to stay as manager.

Bradford City bought by Germans

Bradford City has been bought by a German consortium in an unexpected development, although apparently negotiations have been going on for a year,   League One clubs with potential are attracting increasing interest from foreign buyers.

It is believed that the price paid was around £6m which is a relative bargain for a club with Championship potential.

Co-owners Mark Lawn and Julian Rhodes are stepping aside as part of the deal.

New Villa owner not quite what he seemed

What is claimed to be a 'miscommunication' led to Aston Villa overstating the number of companies under the control of new owner Tony Xia.   

It was claimed that his company had the controlling interest in five publicly listed companies.   In fact it only has a 75 per cent stake in Lotus Health, a large producer of the food additive MSG.   Four other companies are said to be in the process of acquisition.

Villa deal completed

Aston Villa has been sold to Chinese businessman Tony Zia for £60m.   Xia has a strong track record as a businessman in China.   His Recon Group is a holding company which controls five companies.

The new owner says that he is prepared to spend £50m on new players and wants to make Villa the most popular club in China.

Outgoing owner Randy Lerner sank tens of millions of pounds into the club during his period of ownership.  He said farewell in a rambling statement on the club website.

Villa sale near

The sale of Aston Villa to a Chinese businessman could be completed by the end of the week.   It is thought that the asking price will be around £60m.

That would represent a loss on the £62m Randy Lerner paid for the club ten years ago before taking account of inflation, although some sources are quoting a sale price of £75m.  Lerner at one time wanted £200m for the club and then cut the price to £100m.