Businessman Methven launches Oxford United takeover

9:30am Friday 27th June 2014

By Mark Edwards

The leader of a group of Oxfordshire businessmen who have launched a takeover bid for Oxford United, says they have the financial muscle to take the club forward.

Charlie Methven confirmed last night that talks have taken place between his consortium and U’s owner Ian Lenagan.

However, the United supporter doubted they were the frontrunners, with a rival group, led by Mark Ashton, believed to still be in pole position to take control.

Methven, who has been working in an advisory role with the U’s, says his group have spoken to Lenagan and will provide him with an “alternative option”.

“We approached the owner about a month ago and indicated that if the club came up for sale, we would be interested,” Methven said.

“We held conversations that were both friendly and constructive.

“Those conversations have dried up in recent weeks, I am not sure exactly why, but it might indicate that somebody is in a stronger position than us.”

He added: “In previous years when Oxford United have been in difficulties, there has only been one offer on the table.

“I do not believe this is healthy, and so we are keen to provide an alternative option.

“We have raised significant funds, and feel the amount would be sufficient.

“However, we could have more funds as a back-up if needed.

“We have given a firm indication we would be interested, and believe Ian was grateful for that interest.”

The situation has arisen due to speculation the United chairman is unwilling to continue pouring money into a club which has lost more than £1m for two successive years.

The latest available accounts, which cover the 12 months up to the end of June 2013, show Lenagan’s total investment, through his Woodstock Partners Ltd company, was in excess of £6m.

Methven is hoping his group’s affinity with Oxford United could work in their favour.

“I have, and remain, a major supporter of what the Lenagans have done,” Methven said.

“They have put a number of very good things in place at the club, and I was concerned – and still am – that whoever comes in, if they are an unknown quantity, won’t be the best people to complete those things.”

Methven was appointed as a trustee of the Oxford United Youth and Community Sports Trust in May 2011 and last year played a key role in setting up fans’ group the Yellow Army.

His name was revealed in a statement from supporters’ trust OxVox, whose calls for Lenagan to break his silence and put fans in the picture of developments have fallen on deaf ears.

The U’s owner has still to return any calls from the Oxford Mail or reply to any of our requests for an interview.

Our top stories:

Cuts and rising care demands putting more children at risk

Oxford Mail:

8:30am Tuesday 30th June 2015

THE man in charge of the county’s children’s services has warned a surge in cases on the back of Operation Bullfinch and other child abuse scandals is leading to huge pressure on his department.

Tunisia beach massacre victim being treated at Oxford hospital

Oxford Mail: John Radcliffe Hospital stock

10:36am Tuesday 30th June 2015

One of the victims of the Tunisian beach massacre is being treated at the John Radcliffe Hospital in Oxford.

Mourners pay their respects to much-loved Aown Dogar

Oxford Mail:

9:00am Tuesday 30th June 2015

A TEENAGER who was the “life and soul” of his family was given a heartfelt farewell from hundreds of mourners yesterday.

Get the suncream ready as a heatwave hits Oxfordshire

Oxford Mail:

9:00am Tuesday 30th June 2015

A MINI heatwave will hit Oxfordshire this week, with temperatures set to reach 30C tomorrow.

Police call on charities for help supporting victims

Oxford Mail:

8:30am Tuesday 30th June 2015

CHARITIES and voluntary organisations could increasingly help Thames Valley Police tackle crimes such as rape in the future, the force’s new chief constable has said.

Ceremony honours veteran ‘whose colour saved his life’

Oxford Mail:

8:00am Tuesday 30th June 2015

A BLACK RAF veteran who said his skin colour saved his life in Nazi-occupied Europe will be remembered at a ceremony in Thame today.

Pupils on parade to help forces charity

Oxford Mail:

8:00am Tuesday 30th June 2015

A SCHOOL that took part in Camouflage Day said it was vital their pupils learned about the armed forces.

Charlotte Nott’s family welcomes arrival of meningitis vaccine

Oxford Mail:

7:00am Tuesday 30th June 2015

THE family of meningitis survivor Charlotte Nott has welcomed a lifesaving vaccine that will be rolled out this summer.

Couple discover lost Constable drawing

Oxford Mail:

7:00am Tuesday 30th June 2015

AN Oxfordshire couple have unearthed what is believed to be a lost piece by John Constable after it had been hanging above their mantelpiece for years.

Elephant Man play ‘brings human frailties to life’

Oxford Mail:

6:30am Tuesday 30th June 2015

THE true story of The Elephant Man is being brought to life in Abingdon.

Traffic jams feared as £12.5m transport revamp is unveiled

Oxford Mail:

6:30am Tuesday 30th June 2015

A £12.5M transport scheme has been unveiled for Headington amid fears that the roadworks will bring traffic to a standstill.

Flooding victims give plan for city relief channel their votes

Oxford Mail:

6:00am Tuesday 30th June 2015

HOUSEHOLDS in one of Oxford’s worst-hit flooding areas said they were positive about the progress of a proposed £120m relief channel as consultations continue this week.

Animal charity will benefit from family fun day

Oxford Mail:

6:00am Tuesday 30th June 2015

FROM furry animals to boat trips and bouncy castles, a host of activities will be at this year’s Muddy Waters family fun day.

'Free school lunches cost us dear'

Oxford Mail:

8:30am Monday 29th June 2015

HEADTEACHERS in Oxford have claimed a free lunches policy has caused them huge issues as the first year of the policy draws to a close.

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/