Vital Football

Latest Nottingham Forest News

Takeover Speculation Gathers Momentum

Takeover Speculation Gathers Momentum

Following speculation and rumour regarding the possible takeover of NFFC by an Irish consortium, it appears that there is a second party to have expressed more than a passing interest into the future ownership of the club.

Multiplex, the designers and builders of the new Wembley stadium have thrown their hat into the ring and have become a major rival to the apparent bid on the table from the Irish consortium. So, what exactly is it that suddenly makes NFFC such an attractive proposition for some of the countries biggest financial hitters? The answer to that question, is the land situated on the Eastside development area of the city. Now that plans to build the new stadium at Gamston are dead in the water, attentions have now turned full tilt to this brown field site, just outside the city centre which is ripe for development.

The deal on offer from Multiplex could be quite appealing to current Chairman Nigel Doughty, if he can manage to earn himself a slice of the action regarding the future development of the land. The deal on the table from the Irish consortium, is a cash upfront deal and if successful would give them complete control of the club, the land at Eastside and would fund the building of the new stadium.

From a supporters perspective this has to be seen as good news, not only because the new stadium will no longer be situated at Gamston, but more for the financial firepower the backing from the new owners would give. The names of those connected with the Irish bid are some of the biggest players in world finance, as well as the world of sport. Two are well respected household names and have been connected with one of Europe`s biggest clubs in the past. The other names on the list come from both a financial and sporting background.

Although there has been speculation about a possible takeover of NFFC for sometime, that speculation grew with news that the club had put it's holding company, CFFN Holdings into liquidation. It wasn't until questions were asked about why this had happened, that the club gave any explanation. That explanation came from NFFC Press Officer Fraser Nicholson, who merely said the holding company was liquidated for administrative simplicity and for no other reason. That may well be true, but there are reasons to believe that Chairman Nigel Doughty has had to reduce his investment in NFFC and is actively looking to bail out of the club.


The Irish consortium is believed to be the frontrunner, with negotiations said to be at an advanced stage. Whilst Multiplex have the ability to deliver the new stadium and the financial clout to take control, they have a chequered history in terms of getting things done on time and within budget, as they proved with the building of Wembley. Vital Forest asked NFFC Chief Executive Officer Mark Arthur to comment on this article and his response was that there was no truth in it. Because of the information that I as Editor of Vital Forest have received, I believe there to be more than a grain of truth in what has been said and stand by the comments made.



Click here to join in the debate on the club forum.

Writer:guinless
Date:Monday September 13 2010
Time: 6:27PM

Comments

0
so when MA DOESN'T deny a rumour it is said to be evidence that the rumour is true, and when he DOES deny a rumour, he's ignored. I hope it's true but I doubt it. Maybe because I haven't seen the evidence that most posters soom to be privy to...
in_the_top_one
13/09/2010 19:12:00
Page 1/1
  1. 1

Login to post a comment

Recent Nottingham Forest Articles

Forest In Team Of The Week

The performance by Bojan Jokic in the Forest win over Leeds was enough to earn a place in the side.

Hull Clash Re-arranged

Nottingham Forest's February set trip to the KC Stadium to face current Championship table toppers Hull City has been postponed and re-arranged.

Freedman - Leeds Was A Real Statement

Manager Dougie Freedman has said he believes the victory and the performance over Leeds United at the weekend was a real statement by Nottingham Forest.

Highlights - Leeds (a)

Nottingham Forest secured a one-nil win over Leeds in the Championship on Saturday.

Archived Vital Forest Articles

Vital Forest articles from

Site Journalists

Kev Finnegan
Profile
Our Kids Dad
Profile
Those Feet
Profile
WillT
Profile
Galaxy42
Profile
Mark2310
Profile
bazforest
Profile

Current Poll (see more polls)

Leeds MotM
Suggested By: Site Staff
de Vries11%
Lichaj2%
Mills2%
Mancienne5%
Jokic11%
Gardner19%
Ward2%
Tesche0%
Vaughan19%
Osborn2%
Castro Oliveira25%
Sub - O Burke0%
Sub - Blackstock2%

League Table

# Team P W D L Pts. GD
1 Middlesbrough 29 17 6 6 57 23
2 Hull City 29 17 5 7 56 26
3 Burnley 30 15 10 5 55 22
4 Brighton 29 14 11 4 53 9
5 Derby County 30 13 12 5 51 14
6 Sheff Wed 30 13 11 6 50 12
7 Ipswich 30 13 9 8 48 2
8 Birmingham 30 13 8 9 47 8
9 Cardiff 30 11 12 7 45 5
10 Forest 30 10 12 8 42 6
11 Wolves 30 10 10 10 40 -1
12 Brentford 30 11 7 12 40 -2
13 Q.P.R. 30 9 12 9 39 1
14 Preston 30 9 12 9 39 -1
15 Reading 30 9 9 12 36 0
16 Leeds Utd 30 8 12 10 36 -5
17 Huddersfield 30 8 8 14 32 -4
18 Blackburn 28 6 13 9 31 0
19 Fulham 29 6 11 12 29 -5
20 MK Dons 30 7 7 16 28 -18
21 Bristol City 30 6 10 14 28 -22
22 Rotherham 30 7 4 19 25 -19
23 Bolton 30 4 12 14 24 -21
24 Charlton 30 5 9 16 24 -30
Latest F1 News
Latest Vital Boxing News

Nottingham Forest Fixtures (view all)

Feb 13 2016 3:00PM : Huddersfield Town (H)
Sky Bet Championship
Feb 23 2016 7:45PM : Burnley (a)
Sky Bet Championship
Feb 27 2016 3:00PM : Bristol City (H)
Sky Bet Championship
Mar 5 2016 3:00PM : Ipswich Town (a)
Sky Bet Championship
Mar 8 2016 7:45PM : Preston North End (H)
Sky Bet Championship
Mar 12 2016 3:00PM : Sheffield Wednesday (H)
Sky Bet Championship

Recent Nottingham Forest Results (view all)

Vital Members League Table

RankNamePoints
1.Calvin Plummer167
2.Kyrano151
3.da fuq100
4.the jock98
5.Jimmy Gordon93
6.PVH76
7.orbitalforest70
8.paz196757
9.Our Kids Dad52
10.Ingy42