Businessman Methven launches Oxford United takeover

9:30am Friday 27th June 2014

By Mark Edwards

The leader of a group of Oxfordshire businessmen who have launched a takeover bid for Oxford United, says they have the financial muscle to take the club forward.

Charlie Methven confirmed last night that talks have taken place between his consortium and U’s owner Ian Lenagan.

However, the United supporter doubted they were the frontrunners, with a rival group, led by Mark Ashton, believed to still be in pole position to take control.

Methven, who has been working in an advisory role with the U’s, says his group have spoken to Lenagan and will provide him with an “alternative option”.

“We approached the owner about a month ago and indicated that if the club came up for sale, we would be interested,” Methven said.

“We held conversations that were both friendly and constructive.

“Those conversations have dried up in recent weeks, I am not sure exactly why, but it might indicate that somebody is in a stronger position than us.”

He added: “In previous years when Oxford United have been in difficulties, there has only been one offer on the table.

“I do not believe this is healthy, and so we are keen to provide an alternative option.

“We have raised significant funds, and feel the amount would be sufficient.

“However, we could have more funds as a back-up if needed.

“We have given a firm indication we would be interested, and believe Ian was grateful for that interest.”

The situation has arisen due to speculation the United chairman is unwilling to continue pouring money into a club which has lost more than £1m for two successive years.

The latest available accounts, which cover the 12 months up to the end of June 2013, show Lenagan’s total investment, through his Woodstock Partners Ltd company, was in excess of £6m.

Methven is hoping his group’s affinity with Oxford United could work in their favour.

“I have, and remain, a major supporter of what the Lenagans have done,” Methven said.

“They have put a number of very good things in place at the club, and I was concerned – and still am – that whoever comes in, if they are an unknown quantity, won’t be the best people to complete those things.”

Methven was appointed as a trustee of the Oxford United Youth and Community Sports Trust in May 2011 and last year played a key role in setting up fans’ group the Yellow Army.

His name was revealed in a statement from supporters’ trust OxVox, whose calls for Lenagan to break his silence and put fans in the picture of developments have fallen on deaf ears.

The U’s owner has still to return any calls from the Oxford Mail or reply to any of our requests for an interview.

Our top stories:

Police cordon at Oxford Castle Quarter after man in 20s assaulted

Oxford Mail: Oxford's Castle Mound is looking parched

11:32am Sunday 2nd August 2015

PART of Oxford Castle Quarter is cordoned off after a man was attacked in the early hours of this morning.

Sunlight through window cause of house fire

Oxford Mail: OM fire engine

11:17am Sunday 2nd August 2015

SUNLIGHT shining through the window of a house sparked a blaze in Sibford Gower.

Delays of up to 30 minutes on services through Oxford due to broken down train

Oxford Mail: FGW train new

11:10am Sunday 2nd August 2015

There are delays of up to 30 minutes on CrossCountry between Reading and Birmingham New Street due to a broken down train at Oxford.

Backers hope more upgrades follow £50m Templars Square Shopping Centre revamp

Oxford Mail:

8:30am Saturday 1st August 2015

DEVELOPERS wanting to transform Cowley’s Templars Square Shopping Centre said they hope their plans will spur more development in the area.

Flasher exposes himself to woman in Headington park

Oxford Mail:

5:13pm Saturday 1st August 2015

A FLASHER exposed himself to a woman in Bury Knowle Park yesterday.

Owner not at home during house fire in Sibford Gower

Oxford Mail: OM fire engine

11:41am Saturday 1st August 2015

Fire crews have put out a house fire in Sibford Gower.

Blaze hero postman had earlier first-class rescue

Oxford Mail:

9:00am Saturday 1st August 2015

SAVING a man from a burning house was not the first heroic deed by postman Tony Rendell.

Driver in collision survives without major injuries

Oxford Mail:

8:00am Saturday 1st August 2015

A WOMAN hit a row of taxis in Abingdon town centre yesterday after a “medical episode”.

Judge spares drug dealer from a longer term in jail

Oxford Mail:

7:00am Saturday 1st August 2015

A JUDGE spared a convicted drug dealer more time in jail for giving his friend £100,000 of drugs money to buy a house.

Wanted – fountain of knowledge on PoW camp

Oxford Mail:

7:00am Saturday 1st August 2015

IT IS the last remnant from the intriguing wartime history of a scrapyard near Bicester.

Liberty Baker’s father calls for more support for grieving families

Oxford Mail:

6:30am Saturday 1st August 2015

THE father of killed Witney schoolgirl Liberty Baker has said more support is needed to stop bereaved families feeling alone and distressed.

Memorial exhibition is set for county tour following success

Oxford Mail:

6:00am Saturday 1st August 2015

AN EXHIBITION telling the stories of 66 men from one Oxford suburb who gave their lives in the First World War has been so successful it is to go on tour.

Police are looking to get more officers back out on the beat

Oxford Mail:

8:30am Friday 31st July 2015

BOBBIES will be given more time on the beat and ‘hot spots’ of crime are to be tackled after a landmark policing review.

Caribbean cuisine is on the menu at site of famous city centre pub

Oxford Mail:

6:00am Friday 31st July 2015

A FORMER pub in Oxford is set to be transformed into a Caribbean restaurant after sitting empty for nearly six months.

Back

© Copyright 2001-2015 Newsquest Media Group

Oxford Mail: site_logo http://www.oxfordmail.co.uk

Click 2 Find Business Directory http://www.oxfordmail.co.uk/trade_directory/