Date:Saturday May 19 2007
Concerned that they are getting left behind in the Premiership takeover frenzy, US conglomerate General Electric is hoping to pull off a big takeover deal. It is setting up a special unit in its London office which will also look at commercial rights deals, stadium financing and refinancing packaging for clubs.
Hermes Sports Partners, GE's London-based sports unit, has brought in a financier and adviser with sports contacts across Europe as their interest extends to the continental leagues. Harry Philp, managing director of Hermes, said the Premier League and the top half of the Championship were under scrutiny for possible takeovers.
He commented, 'We are looking to do big deals but, at the moment, there are not that many around.' Ken Goldborough, European head of GE's media, communications and entertainment unit, said: 'Ongoing takeover activity surrounding football clubs, including Liverpool and Arsenal, shows what an international, attractive and fast-moving industry this is.' GE claim that their acquisition finance unit will be the only one focused soley on the sports industry in Europe.
After much focus on British and American bids, it looks as if Manchester City had gone for the Thai option. Deposed Thai prime minister Thaksin Shinawatra, has been allowed to undertake due diligence and is thought likely to make a bid of £92m.
Forest v Rovers: Match Preview (Friday October 24 2014)
Stats: Watford v Nottingham Forest (Friday October 24 2014)
All MikHail Antonio!! (Wednesday October 22 2014)
Cardiff v Forest: Match Report From Kid's Corner! (Tuesday October 21 2014)
Watford v Forest Championship Preview (Monday October 20 2014)
Stats: Cardiff City v Nottingham Forest (Monday October 20 2014)
No Bargain Hunt!!! (Friday October 17 2014)
Cardiff v Forest - Vital Match Preview (Friday October 17 2014)
Bash9's Player Of The Month For September. (Monday October 13 2014)
On The Reid To Recovery! (Monday October 13 2014)
|5.||i am a tree||161|
|Grant Holt To Stay At Hudderfield For Rest Of Year
» Wigan : 25/10/2014 00:15:00
|Early Team News - Derby v Latics
» Wigan : 25/10/2014 00:03:00
|What The Bosses Say - Derby v Latics
» Wigan : 24/10/2014 23:39:00
|Millers v Seagulls Preview
» Rotherham : 24/10/2014 20:05:00
|LUFC Leeds v Wolves - Over The Years
» Leeds Utd : 24/10/2014 20:00:00