OxVox: consortium led by Charlie Methven keen to invest in Oxford United

Witney Gazette: OxVox: consortium led by Charlie Methven keen to invest in Oxford United OxVox: consortium led by Charlie Methven keen to invest in Oxford United

OxVox have revealed that a group of Oxfordshire businessman have come forward and expressed interest in investing in Oxford United.

The club’s supporters’ trust say they have had contact from Charlie Methven, who is part of the group which also contains ‘a wealthy Oxfordshire family’.

Methven has significant ties to the club, as trustee of their youth and community sports trust, while he has also been working in an advisory role for the U's board and last year played a key role in setting up supporters' group the Yellow Army.

The talks are described as "very recent and very preliminary", concerning their desire to invest in the U's how OxVox would be involved in the future.

It is understood there are two competing groups of investors, with Mark Ashton, a former chief executive of Watford and Wycombe Wanderers, linked to the other consortium.

The club have not made a comment on the uncertainty, with OxVox chairman Mark Sennett telling the Oxford Mail it was time for U's chairman Ian Lenagan to clarify the situation.

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5:23pm Thu 26 Jun 14

benga says...

Now this is more like it. In principle I'd massively support any takeover involving a 'wealthy Oxfordshire family' and Charlie Methven, who historically has consistently spoken a lot of sense on matters involving our club and team. Ashton sounds dodgy and you'd hope any club would be spared from that kind of stewardship. A lot of takeovers don't come anywhere near fruition though, and I'm happy with Lenegan. He's not going to splash any unncessary cash but it seems as though we are being run wisely. Ownership of the stadium and the associated rental costs and loss of income are going to constrict us forever so any takeover is only really worthwhile if they're going to buy the ground, otherwise they'll just face the same problems.
Now this is more like it. In principle I'd massively support any takeover involving a 'wealthy Oxfordshire family' and Charlie Methven, who historically has consistently spoken a lot of sense on matters involving our club and team. Ashton sounds dodgy and you'd hope any club would be spared from that kind of stewardship. A lot of takeovers don't come anywhere near fruition though, and I'm happy with Lenegan. He's not going to splash any unncessary cash but it seems as though we are being run wisely. Ownership of the stadium and the associated rental costs and loss of income are going to constrict us forever so any takeover is only really worthwhile if they're going to buy the ground, otherwise they'll just face the same problems. benga
  • Score: 23

6:21pm Thu 26 Jun 14

Chickengeorge44 says...

Please get us out of this hole. By hole I mean current ownership & the **** soulless excuse for a stadium. Water Eaton is made for a 15,000 capacity stadium, all enclosed, with standing (sorry Scousers). Tight ground, intimidating & ours for once. Excellent transport links.
Please get us out of this hole. By hole I mean current ownership & the **** soulless excuse for a stadium. Water Eaton is made for a 15,000 capacity stadium, all enclosed, with standing (sorry Scousers). Tight ground, intimidating & ours for once. Excellent transport links. Chickengeorge44
  • Score: 1

7:06pm Thu 26 Jun 14

howardl says...

Chickengeorge44 wrote:
Please get us out of this hole. By hole I mean current ownership & the **** soulless excuse for a stadium. Water Eaton is made for a 15,000 capacity stadium, all enclosed, with standing (sorry Scousers). Tight ground, intimidating & ours for once. Excellent transport links.
I've Been saying Water Eaton since there was talk of moving from the Manor.
[quote][p][bold]Chickengeorge44[/bold] wrote: Please get us out of this hole. By hole I mean current ownership & the **** soulless excuse for a stadium. Water Eaton is made for a 15,000 capacity stadium, all enclosed, with standing (sorry Scousers). Tight ground, intimidating & ours for once. Excellent transport links.[/p][/quote]I've Been saying Water Eaton since there was talk of moving from the Manor. howardl
  • Score: 4

9:56pm Thu 26 Jun 14

onthebench says...

I think some realism is needed here. "Wealthy Oxfordshire Family" means what exactly? One of the wealthiest Oxfordshire families are the Lenagans! Remember this, Mr Lenagan has loaned @8 Mio.£ to the club INTEREST FREE. Anyone taking over has to take on that debt. How might they do this? One way is getting a loan to pay for it. Who will pay the interest on the loan? The Club of course! That means not only will we be paying Kassam 0.5 Mio.£ for use of the Stadium, we will be paying a further 0.5 to 1.0 Mio.£ in interest charges. The result of this is obvious. A smaller playing squad than we already have. All the many people clamouring for a new owner need to go on a basic Business or FInance course and understand that you are asking for something far worse than we have currently. Unless of course someone with more money than sense wants to use us as their latest plaything. Beware what you ask for - you might just get it!
I think some realism is needed here. "Wealthy Oxfordshire Family" means what exactly? One of the wealthiest Oxfordshire families are the Lenagans! Remember this, Mr Lenagan has loaned @8 Mio.£ to the club INTEREST FREE. Anyone taking over has to take on that debt. How might they do this? One way is getting a loan to pay for it. Who will pay the interest on the loan? The Club of course! That means not only will we be paying Kassam 0.5 Mio.£ for use of the Stadium, we will be paying a further 0.5 to 1.0 Mio.£ in interest charges. The result of this is obvious. A smaller playing squad than we already have. All the many people clamouring for a new owner need to go on a basic Business or FInance course and understand that you are asking for something far worse than we have currently. Unless of course someone with more money than sense wants to use us as their latest plaything. Beware what you ask for - you might just get it! onthebench
  • Score: 8

9:24am Fri 27 Jun 14

bigchet says...

a lot of people seem to be obsessed with moving from the kassam to a new venue. although the kassam is far from ideal many clubs in the the lower divisions would love a similar one. i can remember the drawn out process of trtying to get planning permission for the kassam not withstanding the the small matter of the 20 million or so that would be required when it is painfully obvious that we are strapped for cash. the same situation with the calls for a change of owner ship whe n its ils investment that is keeping us afloat. those that called for a change of manager last year saw what it led to so lets be a bit rational and be glad for what we have.
a lot of people seem to be obsessed with moving from the kassam to a new venue. although the kassam is far from ideal many clubs in the the lower divisions would love a similar one. i can remember the drawn out process of trtying to get planning permission for the kassam not withstanding the the small matter of the 20 million or so that would be required when it is painfully obvious that we are strapped for cash. the same situation with the calls for a change of owner ship whe n its ils investment that is keeping us afloat. those that called for a change of manager last year saw what it led to so lets be a bit rational and be glad for what we have. bigchet
  • Score: 4
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