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Takeovers

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Red Knights delay bid

The Red Knights have delayed making a bid for Manchester United until June to avoid off pitch distractions in what looks likely to be a tight finish to the Premiership title race.   It would also give them more time to finalise their bid, although it seems that they have enough pledges of money to make a credible bid at £1.25 billion.   If they acquired control, they plan to distribute shares to fans to create a Barcelona-type structure.   The one flaw in the pla

Arsenal takeover battle edges closer

A battle for the takeover of Arsenal edged closer after American sports franchise owner Stan Kroenke acquired seven more shares at a cost of £8,500 each.  That may not sound a lot but it puts him ten short of the point at which he would be obliged to launch a takeover bid.  Kroenke has been hanging fire recently because until the end of this month he would be obliged to acquire any additional shares at the highest price he has paid in the last year, pushing up the cost of a bid. 

Cardiff deal nearer

It appears that a deal for a Malaysian consortium to take over financially troubled Cardiff City is edging closer.  A deal may not be finalised until end of April, but that would be soon enough to settle the club's debt to Revenue and Customs and avoid a winding up order.  It would have been surprising if a club of Cardiff's potential had not found an investor.

Liverpool bid opens up new chapter

A formal bid delivered at the weekend by New York-based global equity bid Rhone Group for a 40 per cent  equity stake in Liverpool has opened up a new chapter in the long-running ownership saga at the club.  Fans are sceptical or even downright hostile and the current American owners, Tom Hicks and George Gillett Jnr, look unlikely to accept the offer because it falls below their expectations.  However, they are running out of road as they have to repay £10

Former owner bids to take over Derby County

Former Derby County chairman Peter Gadsby has made a £42 million bid to regain control of the club, but it has not been welcomed by the current owners.   Gadsby, a lower property magnate, stood down after the club won promotion to the Premier League three years ago, with Andy Appleby, an American businessman eventually leading a takeover valued at £50m.  However, Gadsby has grown frustrated at the recent lack of progress under the current owners.

Baggies Up For Sale

Chairman Jeremy Peace has effectively put West Bromwich Albion up for sale. He said in a statement that he will listen to any 'substantive and sensible proposals which are in the best long-term interests of the club', including those for his 51 per cent of the club's shares. The reasoning behind his decision is simple: the club needs more money to compete effectively in the Premiership.