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Town Takeover Stalls
Monday, 15th Mar 2021 17:03

TWTD understands that as things stand the proposed US-backed takeover of the Blues is off.

As previously reported, a consortium led by former West Brom chief executive officer and Oxford board member Mike O’Leary and co-owners of USL club Phoenix Rising including Brett Johnson was looking to buy the Blues from current owner Marcus Evans in a £30 million deal.

However, we understand the move, which had made significant progress with the EFL involved and Land Registry priority searches in place regarding the training ground, has now stalled and while not yet dead appears much less likely to go through that it did than when the news first broke in late February.

Owner Marcus Evans, who recently appointed Paul Cook as manager, has played down the prospect of a deal being done saying earlier this month that he has received no offer which is "currently acceptable to me or the club”.

Town's position has improved significantly over the last month, the Blues having climbed from mid-table to sixth in League One.


Photo: Matchday Images



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bringingbackthedutch added 09:56 - Mar 16
This isn't very surprising they've never really shown that they have the money for the deal. I'm a 100% certain it won't come from a pension fund, they just don't work like that. I could be proved wrong, but it's really implausible.

I doubt Evans is holding out for more cash as the club loses money all the time, so if he is minded to sell and the deal was credible I'm sure he would.

Thank you Europablue for your comments. I find it frustrating that very few Town fans seem to understand the impact of the fair play rules and just assume there's a magic bullet of huge investment down the road.

Effectively new owners could go for the big bang for one season but if it didn't work we'd be stuck for the following seasons and have to shift out any better players or sell other assets. Most other clubs that have done this have sold their grounds, sometimes to dodgy shell companies (Derby), a privilege which fortunately we can't do as we don't own it.

In reality, somewhat depressingly, Evans was not that far off spending towards the fair play limits for several of the recent championship seasons.

Europablue nailed it by saying the recruitment has been the real issue. It was a huge mistake when we sold Waghorn as it immediately signalled that Derby were a bigger, more ambitious club. It wouldn't have mattered if the players we bought to replace him were good enough, but they weren't. Jackson had a 1 in 3 record (once) in league 2, he was already 24 so unlikely to improve significantly and sure enough it translated into 3 goals in 36 in the Championship. What we needed was to spot Ivan Toney or the equivalent. Sure enough they may not be many of them out there, but we don't seem to have been anywhere near the mark for quite a long time.
1

OriginalMarkyP added 10:10 - Mar 16
Called it.
0

BlueSwede added 11:09 - Mar 16
What Paul Cook Said in one of his first interviews as the new manager is definitely food for thought :

“I've got to be brutally honest, the club and Marcus, Lee O'Neill, that was the attraction, the relationship those people have with their managers and staff is massive to me.”
1

runningout added 11:23 - Mar 16
Was all a fuss about nothing. People should get used to it.
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maninashed added 14:03 - Mar 16
This site is instructive. The town have a load of supporters whom say the owner does not spend enough on the club and then refuse to spend any money themselves until he has gone.
2

istanblue added 16:00 - Mar 16
Sad to say it but the mass boycott needs to become a thing again. Yes support Cook, but Evans needs to know in no uncertain terms that he is not wanted here. Until the cancer (Evans) is cut out the club will continue to slowly but surely die.
1

BeattiesBackPocket added 17:47 - Mar 16
@europablue some good points I just get a little nervous when people On here still continue to support the decline we've all seen over his 14 years clearly you are not supporting that. We all want the club to do well every single person on here does hell Ive supported the club Through season tickets the past 30 years but became ‘woke' from the constant smoke screens, pre arranged questioning, promises of promotion pushes etc 3 years ago when I could see the same old speeches coming from him with no real structure or anything in place. It really concerns me that we will drop another division I mean let's be honest who thought we would fall into league one and finish our lowest placing in over 60 years when evans came in. It's possible and I hate seeing the decline being supported
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essextractorboy93 added 19:01 - Mar 16
Terrible news. Absolutely gutted.

We will never ever progress as a club with Evans in charge. He is dragging this club downwards. Since he's been our owner we have been on a steady decline. He has absolutely no idea how to run a football club and hasn't put a proper structure in place. Needs to learn how to run a modern forward thinking football club. This is 2021, he's running this club like it's 1990
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BeattiesBackPocket added 21:37 - Mar 16
Bringbackthedutch we had the fifth lowest wage budget last two years in the championship with gates of over 20000 tell me how other clubs smaller with smaller gates manage to spend and recruit players good enough to compete?
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