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

COMMONWEALTH GAMES: July 29 live action

Oxford Mail: Oxford City's Hannah England

8:28am Tuesday 29th July 2014

All the action involving Oxfordshire competitors at Glasgow 2014

POLL: Which Oxford United signing impressed the most against Wolves?

Oxford Mail: oxford united logo 1200pix

10:33pm Tuesday 29th July 2014

Oxford United fall to Clarke strike

Oxford Mail:

9:47pm Tuesday 29th July 2014

Oxford United suffered their first setback of pre-season as Leon Clarke's strike gave Wolverhampton Wanderers a narrow victory at the Kassam Stadium.

Oxford Utd v Wolves - updates

Oxford Mail: oxford united logo 1200pix

7:07pm Tuesday 29th July 2014

All the latest news from Oxford United's first home friendly of pre-season, against Wolverhampton Wanderers.

COMMONWEALTH GAMES: Shooter Rivers strikes gold

Oxford Mail: Dan Rivers, 21, attended an Olympic Ambitions programme in London

4:37pm Tuesday 29th July 2014

DIDCOT shooter Dan Rivers has won a gold medal at Glasgow 2014 this afternoon.

Riley signing is worth the risk - Oxford United boss

Oxford Mail:

9:00am Tuesday 29th July 2014

Signing Joe Riley for Oxford United was a “no-brainer” according to head coach Michael Appleton, despite the full back’s injury record.

Appleton hungry for Wolves test

Oxford Mail:

8:00am Tuesday 29th July 2014

Michael Appleton is hoping Oxford United can continue their pre-season progress as Wolverhampton Wanderers visit the Kassam Stadium tonight (7.45).

Titterrell in Wasps role

Oxford Mail: Warning: Andy Titterrell says London Welsh are not the finished article

8:00am Tuesday 29th July 2014

Andy Titterrell, who retired from playing professionally at London Welsh in January due to injury, has joined Wasps’ strength and conditioning team on a three-day-a-week contract.

COMMONWEALTH GAMES: Hooker's happy Hampden memories

Oxford Mail:

8:00am Tuesday 29th July 2014

Daniel Hooker said he may retire after finishing seventh in the T37 100m final.

GOLF: Eagle helps Mason set new Tadmarton Heath record

Oxford Mail:

8:00am Tuesday 29th July 2014

CARL Mason warmed up for the Senior Open Championship in style – by breaking the Tadmarton Heath course record.

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