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 Also Confirm Mendes (Friday September 4 2015)
Oliveira Completes Loan Move (Friday September 4 2015)
Al Hasawi Hoping For Four More? (Wednesday September 2 2015)
Paterson Moves To Huddersfield - Update (Tuesday September 1 2015)
O'Grady Seals Forest Loan Move (Tuesday September 1 2015)
Antonio Completes West Ham Move (Tuesday September 1 2015)
No Antonio West Ham Deal? (Tuesday September 1 2015)
Mendes & Williams In? Paterson Out? (Tuesday September 1 2015)
Antonio Offer Accepted From West Ham? (Monday August 31 2015)
Deadline Day Tomorrow (Monday August 31 2015)
|6.||mao tse tung||61|
|8.||Pope John XXIII||57|
|15. Sheff Wed||5||1||2||2||-1||5|
|19. Derby County||5||0||4||1||-1||4|
|A Good Sign!
» Hull City : 05/09/2015 11:44:00
|LUFC Former midfielder makes third move in seven months
» Leeds Utd : 05/09/2015 09:18:00
|Vital Rotherham Man Of The Month - August
» Rotherham : 05/09/2015 09:12:01
|Leeds International Round-Up - Good wins for Cook and Dallas
» Leeds Utd : 05/09/2015 08:27:00
|LUFC Middlesbrough (a) - Ticket Information
» Leeds Utd : 05/09/2015 08:00:01