Oxford MailOxford United chief happy to talk, but not sell (From Oxford Mail)

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Oxford United chief happy to talk, but not sell

Oxford Mail: Oxford United chief happy to talk, but not sell Oxford United chief happy to talk, but not sell

PROSPECTIVE investors are always welcome at Oxford United, but the club is not up for sale.

Ian Lenagan receives regular approaches from people claiming to be interested.

But while the U’s chairman is willing to hold discussions, he is aware many will not be genuine.

“We get them every couple of months, I had another one this week who might be real, or might not be real,” he said.

“I always have a simple view, I will talk with anybody who wants to get involved with Oxford United.

“Do I want to sell Oxford United? No, I don’t.”

Comments (5)

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1:55pm Wed 16 Apr 14

Oxokuba says...

Bit of a non story here in typical OM fashion - I suspect Mr Lenagan like any practical chairman who has invested several million into a club that at the moment can't repay his investment would sell if the right offer came in. I wouldn't blame him just hope if the club does get sold the new owners have the same principles as Mr Lenagan but perhaps more ambition.
Bit of a non story here in typical OM fashion - I suspect Mr Lenagan like any practical chairman who has invested several million into a club that at the moment can't repay his investment would sell if the right offer came in. I wouldn't blame him just hope if the club does get sold the new owners have the same principles as Mr Lenagan but perhaps more ambition. Oxokuba
  • Score: 10

1:08am Thu 17 Apr 14

iallan says...

No one will buy the club given that amount of debt unless the Chairman decides to write off a good portion of it. Six million pounds is a considerable sum. I am sure there is an amount at which the Chairman may decide to walk away from the club. I hope he does not reach that amount and the club's financial fortunes turn upwards. I think the club needs to move up a division or two for that to happen, but who knows. Most football clubs lose money. If you have the finances to buy one and you do so, it can't be because you expect to make money. It has to be because you love the sport and the club and the community you are investing your money in. There is a limit to that though.
No one will buy the club given that amount of debt unless the Chairman decides to write off a good portion of it. Six million pounds is a considerable sum. I am sure there is an amount at which the Chairman may decide to walk away from the club. I hope he does not reach that amount and the club's financial fortunes turn upwards. I think the club needs to move up a division or two for that to happen, but who knows. Most football clubs lose money. If you have the finances to buy one and you do so, it can't be because you expect to make money. It has to be because you love the sport and the club and the community you are investing your money in. There is a limit to that though. iallan
  • Score: 2

9:41am Thu 17 Apr 14

Richard Wickson says...

Owning a Football Club isn't a cash cow, no money is to be made unless of course you are a Premier League outfit and then most of what a club gets goes to players exorbitant wages. At this level a Chairman will never even break even and any Chairman with a level head wouldn't expect to. At OU with reasonable gates we shouldn't be losing quite as much as we are but obviously with the stadium rent as ridiculously high as it is then the clubs on a hiding to nothing. If teams like Morecambe can build a decent stadium to accommodate their regular following then so can we. What we should be doing is following the Fleetwood example, build a decent stadium, run the Chairmans businesses from it and let out the various suites on a daily basis, the club would then be self sufficient. In my opinion if Lenagan gets a serious offer he should sell as he cannot sufficiently invest in the clubs long term future!
Owning a Football Club isn't a cash cow, no money is to be made unless of course you are a Premier League outfit and then most of what a club gets goes to players exorbitant wages. At this level a Chairman will never even break even and any Chairman with a level head wouldn't expect to. At OU with reasonable gates we shouldn't be losing quite as much as we are but obviously with the stadium rent as ridiculously high as it is then the clubs on a hiding to nothing. If teams like Morecambe can build a decent stadium to accommodate their regular following then so can we. What we should be doing is following the Fleetwood example, build a decent stadium, run the Chairmans businesses from it and let out the various suites on a daily basis, the club would then be self sufficient. In my opinion if Lenagan gets a serious offer he should sell as he cannot sufficiently invest in the clubs long term future! Richard Wickson
  • Score: 6

4:36pm Thu 17 Apr 14

remberingthe80s says...

Most of the cash goes on the stadium. Get rid more cash
might short term go to Oxford City.
Build from ground up on firm ground not as it is now
Most of the cash goes on the stadium. Get rid more cash might short term go to Oxford City. Build from ground up on firm ground not as it is now remberingthe80s
  • Score: 0

12:54pm Thu 24 Apr 14

Beau champ mummy says...

Wish u would lenagan
Wish u would lenagan Beau champ mummy
  • Score: 0

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