Report this comment
  • "How about building the new stadium sounds like the city councill are on your side taking over oxford city bringing in new players from the league climbing up the table this year moving Oxford City in to a new stadium end of next year UTD will be in the Conference next year city will be climbing the league ready for div 2 you will now have a new stadium better team .i know its not utd but we will have a passionate consortium running a club who have a passion for football.
    Lets face it OX City are not in as much debt as UTD by a long way.
    i am an out and out UTD fan having supported them for 40
    + years
    but this may be the only way to get good football in to our City not that the U's arn't a good team just the people running it have not a clue."
  • 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

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

FOOTBALL: Wantage appoint Barry as manager

Oxford Mail: football generic

9:36am Tuesday 21st October 2014

Wantage Town have acted quickly after being rocked by the sudden duel resignation of their chairman.

Michael Appleton urges Oxford United to banish awayday blues

Oxford Mail:

9:00am Tuesday 21st October 2014

Michael Appleton has urged Oxford United to make the most of an opportunity this week to end their wait for an away win.

FOOTBALL: Banbury crash as Jervis sees red

Oxford Mail: football generic

8:00am Tuesday 21st October 2014

Harry Jervis’s sending-off just before half-time proved the turning point as Banbury United suffered their third successive defeat in the Evo-Stik Southern League Premier Division with a 2-0 reverse at Hitchin Town last night.

Vaughan pays tribute as league reaches 40 not out

Oxford Mail:

8:00am Tuesday 21st October 2014

Michael Vaughan added a sprinkling of celebrity stardust as the Cherwell League celebrated reaching a milestone in style at Oxford’s Kassam Stadium.

Cambridge calamity is motivation for Michael Collins

Oxford Mail:

8:00am Tuesday 21st October 2014

Michael Collins says Oxford United’s thrashing on their last away trip will act as a powerful motivation to get a positive result at Sixfields tonight.

RESULTS CHECK

8:00am Tuesday 21st October 2014

SHAW GIBBS OXFORDSHIRE FOURSOMES LEAGUE

RUGBY UNION: Keohane leads Chinnor fightback

Oxford Mail: Jack Hayes

8:00am Tuesday 21st October 2014

NATIONAL 2 SOUTH

RUGBY UNION: Captain Phillips stars in battling victory

Oxford Mail:

8:00am Tuesday 21st October 2014

MIDLANDS 2 WEST SOUTH

DARTS: Krabben stays on course for seventh ODDA crown

Oxford Mail: Men's champ Preben Krabben

7:00am Tuesday 21st October 2014

Preben Krabben stayed on course for a seventh singles title when he reached the quarter-finals of the Greene King ODDA Summer League men’s competition.

HOCKEY: Keeper Male can't prevent Hawks defeat

Oxford Mail: hockey - field

7:00am Tuesday 21st October 2014

The heroics of goalkeeper Ria Male could not prevent Oxford Hawks losing 2-0 at Slough in Investec Conference West.

Comments (4)

Please log in to enable comment sorting

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

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