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  • "
    oxfordus wrote:
    Is no news newsworthy??? All we have are rumours of a takeover, which no one involved is willing to corroborate.

    Any sensible millionaire would not see OUFC as a realistic proposition would they? Kassam has aleady pillaged and stripped the club of its assets; so all that's left is a club membership in League 2.

    OUFC has debt, no ground and no players worth a transfer fee. It has no assets apart from the goodwill of 5000 fans who, by and large, turn-up week in week out.

    Am I missing something here?
    Maybe you are only missing a simple point, it's close season, there are no matches to report on, because of financial constraints the club (unlike most others in League 2) isn't signing players. Therefore anything that can be linked, however tenuously, to OUFC is being regarded as newsworthy by the OM. Like you I wonder why investors will be interested as there is no assets to the club but maybe they are genuinely interested in OU. If I was ever fortunate to drop a big Euromillions I know I would invest in the club even if it was only to build a stadium with some soul, not a concrete slab that lacks imagination or soul, I would love the architect/designer to explain what he was thinking of when he dreamt up the monstrosity the club currently plays in. No need for panic tho as I cannot do the euro from abroad so unfortunately can only wonder what might happen."
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It's a waiting game for Oxford United

Oxford United owner Ian Lenagan with Simon at a U's game last season

Oxford United owner Ian Lenagan with Simon at a U's game last season

First published in U's News Oxford Mail: Photograph of the Author by , Sports Editor. Call me on 01865 425451

The parties at the centre of the potential Oxford United takeover were all remaining tight-lipped yesterday and said they had nothing to say . . . yet.

U’s owner and chairman Ian Lenagan again failed to break his silence when contacted, although his son, Simon, did answer our call.

“As soon as there is something that needs to be communicated, it will be,” Simon Lenagan, who is also a board member, said.

A consortium led by Mark Ashton appear to be the favourites to take over the club should it be up for sale, with a team of Oxfordshire businessmen, led by Charlie Methven, also interested.

Although Ashton is the man fronting the bid for his group, the Oxford Mail understands that the person leading the talks is Darryl Eales.

Eales was once reportedly interested in trying to take over Birmingham City, whom he supports, and has strong connections with Ian Lenagan.

The United owner made £19m when selling Workplace Systems in December 2011 to LDC – part of the Lloyds Banking Group.

Eales is listed on the LDC website as an ‘advisory chairman’.

Further investigations show that last month a new company was founded – ENSCO 1070 Ltd – which lists Ashton and Eales as directors, along with Michael O’Leary and Frank Waterhouse.

There is no evidence, however, that this company is involved in the potential takeover of Oxford United.

When the Oxford Mail contacted Ashton yesterday, we were told: “Mark is unable to talk about anything at this moment, which you will hopefully appreciate.”

Oxford United supporters’ trust OxVox have also tried to speak to Ashton about the potential deal.

OxVox chairman Mark Sennett commented: “We have tried to contact Mr Ashton and are hoping for a conversation with him.”

Rumours of a takeover surfaced on Wednesday, with Ashton’s consortium first linked.

Methven’s group, all United supporters, then went public 24 hours later with their interest.

If any deal is struck, it is not clear whether it would involve just the purchase of Oxford United Football Club, or include the stadium, which is owned by former chairman Firoz Kassam.

Talks about the purchase of the stadium have taken place with Kassam in the past, but no deal has ever been struck.

United’s players report back for pre-season training on Monday, with head coach Gary Waddock having made just one addition to the squad this summer, striker Danny Hylton.

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