Hull City takeover deadline looms
Fri 22nd Oct 2010 | Clubs Ownership
A decision is anticipated today regarding the possible takeover of Hull City AFC. Local businessman Assem Allam tabled an offer to owner Russell Bartlett earlier this week which would see the Egyptian take a controlling interest.
According to BBC Humberside Allam set a Friday deadline but any potential agreement may go beyond that into next week. The deal would also see Bartlett retain a significant shareholding in the club, which he purchased in June 2007
It is expected that head of football operations Adam Pearson would also retain a shareholding, as well as running the club on a day-to-day basis.
Bartlett is also reportedly considering a counter offer from an as-yet unnamed American investment bank.
- SUBSCRIBE TO THE F.C. BUSINESS RSS FEED
- BECOME A FAN OF F.C. BUSINESS ON FACEBOOK
- FOLLOW OUR TWEETS ON TWITTER
- LINKED IN TO FOOTBALL INDUSTRY PROFESSIONALS
Thu 23rd Mar 2017 | Clubs Ownership
Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...
Thu 5th Jan 2017 | Clubs Ownership
Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...
Wed 4th Jan 2017 | Clubs Ownership
Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...