Search: 'takeovers'

Neil Forsyth recalls a Carlisle takeover bid that turned out to be less than credible

In an era when takeovers of football clubs involve sheikhs, billionaires and intricate financial arrangements, it is worth remembering a simpler time. A time when just about anyone could try to buy a football club and, in the memorable case of Stephen Brown, just about anyone did. Among the vast ranks of dreamers and chancers who have drifted into football for often questionable reasons, Brown stands alone for his sheer daring.

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Dear WSC
As a supporter of a smaller club myself, I sympathise with Luton’s current plight, but Eva Tenner’s letter in WSC 253 has brought out the devil’s advocate in me. To her list of those not responsible for Luton’s woes, she should also have added Liverpool FC’s board. Liverpool gave Luton quite a bit of help anyway by playing badly enough in the first tie to allow Luton a replay at Anfield. If you add the attendances at the 32 third-round ties and 12 replays together, only three pairings had a greater audience than Luton v Liverpool, so Luton arguably did as well as they could financially out of this season’s FA Cup. If Luton had been drawn away to my team, Tranmere, for example (average attendance around 7,000), would there have been a similar call for Luton to have all the gate money? I think not. Or what if Luton had faced another smaller team and lost in 90 minutes? Would a replay have been ordered to try to boost the Hatters’ coffers that way? No. I genuinely hope Luton find their way out of their current difficulties, but the fact is that meeting one of the Big Four should be seen as a helpful stroke of luck for them, rather than a reason for their fans to moan about Liverpool’s supposed meanness.
Tristan Browning, Reading

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Four clubs fight to their keep heads above water. By Tom Davies

Who could possibly have imagined that the link-up between Sam Hammam and Peter Ridsdale at Cardiff City would have brought problems? The fallout from Hammam’s departure as chairman is casting a considerable shadow over City’s future, with the club facing a court action in March over ­£24 million of unsecured “loan notes” owed to investor Langston, for whom Hammam is now acting as “mediator”. Defeat in court is likely to land the club in administration.

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It may not be the best phrase to use around QPR, but “trigger happy” describes Milan Mandaric’s attitude to managers at Leicester. How will new boss Gary Megson fare against another man in the firing line, wonders Al Needham?

Leicester is a strange city. It’s actually the biggest in the east midlands, but it keeps it quiet. Until recently, the airport within its boundaries was called Nottingham East Midlands. It’s got a National Space Centre for no discernable reason whatsoever (unless they knitted a jumper for Neil Armstrong, or supplied NASA with space crisps) and, when you make the horribly long walk from the station to Walkers Stadium, you could swear blind you were in a rugby town. You spend most of the journey on Tigers Way (the part of the A594 dedicated to the local egg-chasers), craning your neck to see if there’s anyone in blue shirts ahead of you, and that you’re actually going in the right direction and the game is actually on.

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The massive increase in the Premiership TV deal has led to a rush of takeovers of Championship sides. But, asks Simon Moore, what do the new owners do if their clubs don’t win promotion?

“We are not looking for small-time people, we are looking for a mega-rich businessman like Roman Abramovich who wants to buy a football club for a hobby.” Dave Allen, chairman of Sheffield Wednesday, issued that invitation to potential investors in March. Wednesday, now in talks with a consortium fronted by a Chinese casino owner, are one of a group of Championship clubs who have been sounded out about a takeover in recent months. Most of the teams up for sale regularly pull in crowds of more than 20,000 and, with the average asking price around the £20 million mark, they look a much better bet than, say, Manchester City, a club treading water in the Premiership with debts of around £60m. But the new Premiership TV deal, with even the bottom-placed club guaranteed a minimum of £26.8m per season, is the principal bait that is luring potential buyers.

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