Report this comment
  • "Thank you Mr Methven for making your intentions clear, full credit to you. I have heard others on here talk scornfully on the Ashton bid although I personally know only what I have read as regards Wycombe Wanderers and don't feel enamoured by his bid for OU. Having Been involved with the youth trust is a thing in The Methven bids favour and having the Bridle people involved is another plus. As the article states staying at the Kassam wouldn't neccecarily be a disaster but Water Eaton would be a huge new start and needs full and further appraisal. Let's hope that Ian Lenagan is prepared to talk to the Methven people as this could be a good thing for the whole club. It would be huge for the club to no longer be beholden to Firobber Kassam."
  • This field is mandatory
  • This field is mandatory
  • Please note we will not accept reports with HTML tags or URLs in them.


  • Enter the above word in the box below

Methven announces his vision for United

Methven announces his vision for United

Charlie Methven says his consortium's first priority is to clear  United's debt

Charlie Methven says his consortium's first priority is to clear United's debt

First published in Headlines
Last updated
Oxford Mail: Photograph of the Author by , Sports Editor. Call me on 01865 425451

Charlie Methven says the first priority of his consortium, should they take over Oxford United, would be to clear the debt and invest in the playing squad.

Although it would appear Methven’s group of Oxfordshire businessmen may not be front-runners to take over the U’s, they yesterday made their intentions clear after submitting a formal offer for the club.

A rival consortium headed by Mark Ashton and Darryl Eales is understood to be in advanced talks with United owner Ian Lenagan.

Methven was philosophical about what may happen, but said his group – which was given a huge boost with the backing of wealthy businessman and United fan Stewart Donald – had a clear strategy.

“Ultimately, what will be will be,” he said.

“But our bid comes from people whose commitment to the club is unquestionable.

“The final decision is entirely up to Ian Lenagan, but he has always said that he will do what’s best for Oxford United and its supporters.

“We believe that if we were successful, our plan would ensure that happens.”

Central to any takeover would be the U’s owning their ground, but investment into the playing side is also crucial.

Methven added: “We do not believe Oxford United should be saddled with any debt.

“It is a business turning over £3.5m a year, so the first thing would be to make sure it is debt free.

“We would inject a significant amount into the playing side of the club in order to deliver a squad that we believe could justify expectations of achieving.

“It could be that we invest £3m of equity into the playing side over the next two years.

“We would obviously discuss with the manager what needs to be done, but with the club losing £1m a year, those figures would mean that around £500,000 could be added to the playing budget for each season.”

As revealed in yesterday’s Oxford Mail, there is potential to move the club to a new site at Water Eaton.

This is the preferred outcome for Methven, but he would not rule out staying at the Kassam Stadium.

“What is clear is that Oxford United must own their own stadium,” he said.

“There are two options for this.

“One is to acquire the Kassam Stadium, and it would be no disaster if this happened.

“However, we believe that Water Eaton presents a huge opportunity.”

The support of Donald, whose Bridle Insurance company were United’s shirt sponsors from 2010-13, provided Methven’s consortium with a huge lift.

“The backing of the Donald family is immense,” Methven commented.

“They are massive Oxford United fans who have given us their commitment.

“They have the finances and have agreed to help us.”

Since first going public with their interest last week, Methven confirmed that no further discussions had taken place with Lenagan, who is still refusing to break his silence.

“I don’t take this as a negative because any discussions would need a firm, factual basis.

“But we now have this.”

Latest Sport news

WATCH: Highlights of Oxford United's first league win of the season

Oxford Mail:

5:17pm Wednesday 17th September 2014

OXFORD United claimed their first Sky Bet League Two victory of the season with a 3-1 success at home to Accrington Stanley on Tuesday night.

Troubled NFL stars deserve no sympathy

Oxford Mail: Michael Duberry

4:00pm Wednesday 17th September 2014

MICHAEL DUBERRY COLUMN

WATCH: Bath v London Welsh rugby highlights

Oxford Mail:

12:00pm Wednesday 17th September 2014

WATCH the highlights as London Welsh earned their first point of the season in a 53-26 defeat at Bath on Saturday.

Appleton admits it's sheer relief for Oxford United

Oxford Mail:

9:30am Wednesday 17th September 2014

MICHAEL Appleton admitted a weight had been lifted off Oxford United’s shoulders as they avoided an unwanted club record by beating Accrington Stanley 3-1 to claim their first league victory of the season.

CRICKET: Dee bowls ‘em over to record hat-trick glory

Oxford Mail:

9:00am Wednesday 17th September 2014

IT WAS a weekend to remember for 11-year-old Dee Jarvis after he took a remarkable hat-trick against three former professional cricketers, writes MATTHEW BRUCE.

RACING Longsdon to host stable open day

Oxford Mail:

8:00am Wednesday 17th September 2014

Charlie Longsdon throws open the doors of his Chipping Norton stables to the public on Saturday morning.

AUNT SALLY: Yarnton sink Six Bells for title triumph

Oxford Mail:

8:00am Wednesday 17th September 2014

Yarnton British Legion were crowned Greene King Oxford & District League Section 1 winners with a 2-1 victory at newly-crowned Premier Section champions Six Bells C Kidlington, writes ANDY BEAL.

FOOTBALL: Wantage's extra-time heartbreak

Oxford Mail: Alan Foster punches clear under pressurefrom Kidlington's Jimmy Deabill

8:00am Wednesday 17th September 2014

FA CUP

WOMEN'S FOOTBALL: It's Walker to the rescue

Oxford Mail:

7:00am Wednesday 17th September 2014

Leanne Walker struck with a stunning effort to earn Tower Hill a point from their 1-1 home draw with Southampton in Southern Women's League.

FOOTBALL: George call to Arms

Oxford Mail: football generic

7:00am Wednesday 17th September 2014

George staged a stunning comeback to see off Masons Arms 7-2 in Oxford City FA.

Local Businesses

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree