Stewart Donald to back Charlie Methven's consortium in Oxford United takeover bid

12:10pm Thursday 3rd July 2014

By Mark Edwards

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:

George Baldock has mixed emotions as late goal gives Oxford United valuable draw

Oxford Mail:

9:30am Wednesday 4th March 2015

A LATE equaliser from George Baldock saw Oxford United come from behind to draw 1-1 with Morecambe, but the full back admitted it still felt like two points dropped.

Oxford Utd 1 (Baldock 87), Morecambe 1 (Ellison 10)

Oxford Mail: oxford united logo 1200pix

9:45pm Tuesday 3rd March 2015

GEORGE Baldock rescued Oxford United with a late strike which earned a draw against Morecambe at the Kassam Stadium.

New loan signing Gnanduillet beefs up Oxford United's strikeforce

Oxford Mail:

9:30am Tuesday 3rd March 2015

Armand Gnanduillet is available to make his Oxford United debut against Morecambe tonight after joining on loan until the end of the season.

Michael Collins: Morecambe clash is biggest of Oxford United's season

Oxford Mail:

9:00am Tuesday 3rd March 2015

MICHAEL Collins believes tonight's clash is the most important of Oxford United's season as they attempt to open the gap on the battle at the bottom with a home victory against Morecambe.

Oxford United sign Armand Gnanduillet from Chesterfield

Oxford Mail:

5:00pm Monday 2nd March 2015

OXFORD United have strengthened their attacking options before tomorrow's clash with Morecambe by signing Armand Gnanduillet on loan.

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/