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.
QPR v Forest: Match Report From Kid's Corner (Monday April 14 2014)
Stats: Queens Park Rangers v Nottingham Forest (Monday April 14 2014)
Hillsborough Remembrances (Sunday April 13 2014)
Forest v Wednesday: Match Report From Kid's Corner (Wednesday April 9 2014)
Stats: Nottingham Forest v Sheffield Wednesday (Wednesday April 9 2014)
Forest v Millwall - Match Report From Kid's Corner (Tuesday April 8 2014)
Stats: Nottingham Forest v Millwall (Monday April 7 2014)
Miller Sent Packing!! (Monday April 7 2014)
Match Preview: Forest v Millwall (Saturday April 5 2014)
'Early Bird' Season Tickets On Sale! (Thursday April 3 2014)
|8.||Behind Red Eyes||169|
|10.||Hang The DJ||152|
|Howe: Young players will get their opportunity
» Bournemouth : 17/04/2014 08:15:00
|Pugh: It ticks all the boxes
» Bournemouth : 17/04/2014 08:01:00
|Kermorgant: Grabban can target 25 goals
» Bournemouth : 17/04/2014 07:50:00
|Meet The Ref: Sheffield Wednesday at home
» Bournemouth : 17/04/2014 07:40:00
|LUFC On This Day - April 17th
» Leeds Utd : 17/04/2014 07:22:00
|The 12th Man - They Did Us Proud
» Wigan : 17/04/2014 07:00:00
|PWU Latics Podcast - Farewell To The FA Cup
» Wigan : 17/04/2014 06:00:00