Consortium led by Charlie Methven launches formal bid for Oxford United

Consortium led by Charlie Methven launches formal bid for Oxford United

Consortium led by Charlie Methven launches formal bid for Oxford United

First published in U's News
Last updated
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CHARLIE Methven has confirmed to the Oxford Mail that his consortium has made a formal offer to Ian Lenagan to take over Oxford United Football Club.

Although he was unable to go into specific details of the bid, Methven said that he would now hope to hold talks with the U’s owner.

“A bid has been lodged,” Methven said.

“The details of that are confidential, but we are clear in our objective which is that we want the best for Oxford United Football Club.

“We believe we have a plan that will enable this to happen.”

He added: “I hope that Ian Lenagan takes our bid very seriously.

“We are not people that will disappear in one, three or five years, we would be in this for the long haul.”

Methven’s bid was given a big boost this morning after Stewart Donald, a big U’s fan and very wealthy businessman, announced he would be backing the consortium.

“I was approached by Charlie Methven about helping them out, and I have agreed to do this,” Donald said.

“I am a huge Oxford United fan and feel that the club are at a critical stage of their future.”

Donald owns Conference South club Eastleigh, but says his involvement in Oxford will have no bearing on that.

“None whatsoever,” he said.

“It does not impact at all. I am fully committed to Eastleigh and I am in the middle of a project there, maybe not even in the middle.

“I cannot own more than ten per cent of another club because of that involvement, so it will have no impact at all.”

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Comments (4)

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12:09pm Thu 3 Jul 14

onthebench says...

I sincerely hope that these discussions can take place very quickly and conclude well before the season starts. The long-term outlook is clearly the most important here, but this season is looming and the squad is desperate for additions as it is threadbare at the moment. I am sure every Oxford fan wants true U's fans to take over the club (if indeed it is for sale!?) rather than some outside investors (Birminham fans!). I find it bizarre that an investor is interested in the club as it is losing money annually. They must be mad or have a cunning plan. Either way, they plan to make money out of the U's and that cannot be good. Good luck to Methven and co.
I sincerely hope that these discussions can take place very quickly and conclude well before the season starts. The long-term outlook is clearly the most important here, but this season is looming and the squad is desperate for additions as it is threadbare at the moment. I am sure every Oxford fan wants true U's fans to take over the club (if indeed it is for sale!?) rather than some outside investors (Birminham fans!). I find it bizarre that an investor is interested in the club as it is losing money annually. They must be mad or have a cunning plan. Either way, they plan to make money out of the U's and that cannot be good. Good luck to Methven and co. onthebench
  • Score: 20

12:18pm Thu 3 Jul 14

Open your eyes says...

Sell to Methven and the group of OUFC business people Lenagan.

Do what's right for this club and it's fans who have supported you.
Sell to Methven and the group of OUFC business people Lenagan. Do what's right for this club and it's fans who have supported you. Open your eyes
  • Score: 29

1:34pm Thu 3 Jul 14

Brenda Jackson says...

The only reason for buying OUFC without the Stadium is, as far as I can see, because the U's have a card up their sleeves in that they are contractual tenants for ten or so years- meaning if kassam or others are panning to build houses on he site they would have to by out Uniteds' contract. Plus, of course the U's would need a new home which would have to be part of any deal involving the Council/s, kassam and a consortium.
The only reason for buying OUFC without the Stadium is, as far as I can see, because the U's have a card up their sleeves in that they are contractual tenants for ten or so years- meaning if kassam or others are panning to build houses on he site they would have to by out Uniteds' contract. Plus, of course the U's would need a new home which would have to be part of any deal involving the Council/s, kassam and a consortium. Brenda Jackson
  • Score: 15

2:53pm Thu 3 Jul 14

Doctor69 says...

Sounds good, hope it happens. OUFC!
Sounds good, hope it happens. OUFC! Doctor69
  • Score: 10

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