STEWART Donald has this morning told the Oxford Mail he is prepared to back Charlie Methven’s consortium with 'substantial funds' in their takeover bid for Oxford United.
A group of Oxfordshire businessmen led by Methven revealed last week they had held talks with U’s owner Ian Lenagan about a potential deal. This morning it was confirmed a formal offer had been submitted.
They face a rival bid from a consortium led by Mark Ashton and Darryl Eales, who appear to be the frontrunners with rumours emerging that they may even have signed a deal in principle.
However Donald, a lifelong U’s fan whose company, Bridle Insurance, were previously club sponsors, is happy to back Methven’s group.
“I was approached by Charlie Methven about helping them out, and I have agreed to do this,” he said.
“I am a huge Oxford United fan and feel that the club are at a critical stage of their future.”
Donald owns Conference South club Eastleigh, but says his involvement in Oxford will have no bearing on that.
“None whatsoever,” he said.
“It does not impact at all. I am fully committed to Eastleigh and I am in the middle of a project there, maybe not even in the middle.
“I cannot own more than ten per cent of another club because of that involvement, so it will have no impact at all.
“I am doing this because I know my funds will be used for the good of Oxford United Football Club.”
When asked about the amount he would be putting in, Donald replied: "Substantial. That's the best way to put it."
Latest United news:
9:30am Friday 22nd May 2015
Ryan Taylor remains firmly on Oxford United’s radar despite the signing of Kemar Roofe, according to head coach Michael Appleton.
9:30am Wednesday 20th May 2015
RYAN Clarke admits he would listen if the right opportunity came up this summer after being told he would not be certain of being Oxford United’s No 1 goalkeeper next season.
9:00am Tuesday 19th May 2015
Ryan Clarke has been told he will not be guaranteed to be Oxford United’s No 1 goalkeeper next season as head coach Michael Appleton keeps his options open.
12:00pm Monday 18th May 2015
OXFORD United have announced their first pre-season fixtures, which include games against Eastleigh and Coventry City.
8:30am Friday 15th May 2015
Oxford United have sold more than 1,000 season tickets in just nine days.