Oxford MailMethven announces his vision for United (From Oxford Mail)

Get involved: send your photos, videos, news & views by texting OXFORD NEWS to 80360 or email us

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

Oxford Mail: 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

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

FOOTBALL: Didcot outclassed and fall to defeat

Oxford Mail: football generic

7:00am Wednesday 20th August 2014

DIDCOT Town fell to an emphatic defeat in Southern League Division 1 South & West last night after losing 3-0 at home to Larkhall Athletic.

CRICKET: Downs tied in knots after run outs misery

Oxford Mail:

6:00am Wednesday 20th August 2014

Three run outs cost Oxford Downs their second win of the season as their Cherwell League Division 1 match at Banbury 2nd ended in a dramatic tie.

CRICKET: Gurney opens the way for Westbury

Oxford Mail:

6:00am Wednesday 20th August 2014

Westbury appear OCA League Division 1 title favourites after winning their top-of-the-table clash with Great Horwood.

Morecambe 1 (Ellison 40), Oxford Utd 0

Oxford Mail:

9:55pm Tuesday 19th August 2014

OXFORD United delivered a vastly improved performance, but were left to reflect on a controversial penalty decision which went against them in defeat at Morecambe.

Updates - Morecambe v Oxford Utd

Oxford Mail: oxford united logo 1200pix

6:58pm Tuesday 19th August 2014

All the latest news from Oxford United's visit to Morecambe in Sky Bet League Two.

Horse trial entrants can use eco-friendly bedding for mounts

Oxford Mail:

12:00pm Tuesday 19th August 2014

ECO-friendly bedding will be on offer in the stables of this year’s Blenheim Palace International Horse Trials.

Morris eyeing Oxford United revival

Oxford Mail:

9:00am Tuesday 19th August 2014

Carlton Morris is confident Oxford United will show they are quick learners as they attempt to get off the mark in Sky Bet League Two at Morecambe tonight.

GOLF: Winning feeling catapults Pepperell to highest finish

Oxford Mail:

8:40am Tuesday 19th August 2014

EDDIE Pepperell put his best finish on the European Tour down to a boost in confidence gained from victory at the British Par 3 Championship.

CRICKET: Keegan stars as Oxon hold up Cheshire's title charge

Oxford Mail:

8:00am Tuesday 19th August 2014

Chad Keegan continued to take on title-chasing Cheshire almost single-handedly as Oxfordshire staged a fightback on day two of their Unicorns Counties Championship Western Division match at Nantwich.

RUGBY UNION: Welsh undone as Wasps produce sting in the tail

Oxford Mail:

8:00am Tuesday 19th August 2014

Wasps 38 (tries Hughes 2, Davies, Thompson, Myall; cons Jackson 4, Lozowski; pen Lozowski) London Welsh 24 (tries Scott, pen, Elder; cons Barkley 2, Roberts; pen Barkley)

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