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Takeovers

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Red Knights' bid on hold

The bid by the Red Knights consortium for Manchester United has been shelved after the Glazers attached a £1.5bn price tag to the club.  The consortium was thought to be prepared to offer £850m to £1bn.   With Sir Alex Ferguson's future uncertain, little money spent recently on players and debts increasing the club did not look that attractive.

Moores tells Yanks to quit

It would be hard to find someone who would defend the stewardship of Geofrge Gillett Jnr and Tom Hicks at Liverpool.   A great club has been undermined and its future prospects damaged.  Nevertheless, a further blow to the embattled American owners comes in the form of what The Times describes as an 'emotional and wide-ranging letter' from former owner David Moores.  The paper is already regarded as the house journal of the Coalition Government.

Super rich Nigerian bids for Arsenal stake

Aliko Dangote, a billionaire Nigerian industrialist, is one of the bidders for the 16 per cent stake in Arsenal being sold by Lady Nina Bracewell-Smith.   He certainly has the readies, as Forbes magazine has ranked him among the world's 500 richest people, with a fortune estimated at £1.7 billion.

Red Knights downgrade United valuation

The Red Knights have reduced their valuation of Manchester United to just £1 billion.   They give a number of reasons for this downgrade including 'competition from Manchester City', an interesting admission of itself, even though City just failed to make the Champions League this season.  

Battle on to control Bones

A battle is on for control of impoverished Northamptonshire side Rothwell Town.  Known as the Bones because of the unique collection of human remains in the nearby church, they may play in the United Counties League next season having resigned from the Southern (Zamaretto) League.

Chinese gambling tycoon in for Liverpool

A Chinese gambling tycoon has expressed an interest in buying Liverpool.   He could put together a consortium of others involved in the Chinese Super League.

Everton are the best buy

We upset some of the Blue side of Merseyside recently by suggesting that their club would not be easy to sell.   To redress the balance here are some comments by manager David Moyes.   He admits that Liverpool may be the bigger brand but says that Everton are a steadier club and have much less debt than a lot of leading clubs.

Chicago-based group swoop for Owls

Sheffield Wednesday may have been relegated to League 1, but a Chicago-based investment group is ready to swoop for the Owls.   Contacts with Chicago links have never heard of Club-9 sports, but they could be a bespoke outfit forned for the Wednesday takeover.

Red Knights poised to pounce

The Red Knights are ready to make a £1.25bn bid for Manchester United next month.  £500m will be raised from a group of 50 investors who will now have to put their money where their mouth is and most of them probably will.   A share issue to fans could raise £250m, but their stake could be expanded if there is enough demand, which there could well be.  The £509m bond raised by the Glazers will be kept in place.

New Liverpool owners may build stadium

The new chairman of Liverpool, Martin Broughton, has made it clear that any buyer of Liverpool must commit to building a new stadium for the club.  He also gave assurances that there was no need to sell star players.