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 Tuesday 1st December 2015
CHRIS Maguire says the prospect of working with Michael Appleton again meant Oxford United were the only Sky Bet League Two club he would have considered joining.
5:37pm Monday 30th November 2015
OXFORD United reduced the amount they spent on agents fees according to the latest figures from the Football League.
1:00pm Monday 30th November 2015
DANNY Hylton thought Oxford United’s ‘ugly’ win at Hartlepool United was another sign of their potential to not just win automatic promotion, but the Sky Bet League Two title.
11:21am Monday 30th November 2015
RONNIE Moore rued Oxford United's ability to capitalise on one lapse in concentration which saw his Hartlepool United side lose 1-0 at Victoria Park.
7:50am Monday 30th November 2015
CHRIS Maguire was pleased to see Oxford United show the quality he had heard about as the striker helped them to a win on debut.