Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Takeovers

Share/Save

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.

Gulls in takeover talks

Torquay United are in advanced takeover talks.   The current owners, a consortium of local businessmen, took over last summer, but have found it a financial struggle.

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.

Failed bidder tries elsewhere

Having failed in a takeover at Woking, businessman Ashley Read is now to trying to take control at rivals Aldershot Town.   Months of negotiations with Woking ended after they failed to provide the financial information he required.  Woking, who posted losses of £500,000 in their last financial year, badly need a cash injection.

Aldershot chairman Shahid Aszeem save the club from almost certain closure in 2013, doesn't hide the club's search for fresh investment.  However, he says that there is no offer on the table yet.

Bolton's troubles reflect a bigger problem

Subject to Football League approval, the takeover of Bolton Wanderers by the Sports Shield consortium headed by Dean Holdsworth has been completed.  He has yet to make investment promises or identify his backers.

New partner at Everton

Iranian-born British citizen Farhad Moshiri, who is resident in Monaco, has agreed to take a 49.9 per cent stake at Everton.  Until Friday he was a significant shareholder in Arsenal.

Moshiri, who made a fortune of £1 billion through investments had been a co-investor in Red and White Holdings who own 30 per cent of Arsenal.  He sold his stake to partner Alisher Usmanov for £150m to fund buying into Everton.  His investment values the club at £175m.   It is expected that he will eventually complete a takeover.

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.

Bolton takeover imminent

Former Bolton Wanderers striker Dean Holdsworth is close to a takeover of the club.  His Sports Shield group has been granted a 72-hour period of exclusivity in which to complete a buyout.

Bolton face a High Court hearing on Monday, with HM Revenue and Customs petitioning to have the club liquidated over an unpaid tax and VAT bill of about £3m.  If a takeover cannot be agreed, Bolton are expected to enter voluntary administration.

Turks move in at Crawley

A takeover of Crawley Town is imminent.  The prospective purchaser is Turkish steel magnate Ziya Eren who is president of a not particularly successful club in the Turkish second tier.

Negotiations have been taking place since October, although a British consortium was also said to be interested.  The club has been for sale since 2013.