Andrew 4235 Posted June 4, 2009 Share Posted June 4, 2009 Notts County are on the brink of being taken over by a consortium of businessman based in the Middle East. Munto Finance Ltd, an acquisition vehicle created to gain control of the Magpies, are looking to transform the fortunes of the League Two side. The Meadow Lane outfit, the world's oldest football league club, have spent the last 14 years in the third or fourth tier of the English game. Munto's proposal has already been accepted by the board at Notts with two members of the consortium joining the club's hierarchy. Magpies chairman John Armstrong-Holmes told the club's official website: "At a specially convened club board meeting held on Tuesday evening, the club board discussed the proposal from Munto which was accompanied by proof of funds and unanimously agreed to recommend its acceptance to all shareholders. "Two of the Munto group, Peter Trembling and Peter Willett, were appointed to the club board with immediate effect to assist in the process." Nottingham-born Trembling previously worked as commercial director for Everton and was vice-president and head of sport at MBNA International Bank. Once the deal is completed he is expected to be named as the Magpies' new chief executive. Armstrong-Holmes added: "Munto is eager to complete the deal as early as possible to plan for next season and, subject to shareholders agreeing to it, the takeover could be completed within a few weeks." Sorry, had to be done Link to comment Share on other sites More sharing options...
The Fish 9032 Posted June 4, 2009 Share Posted June 4, 2009 No, it didn't. Link to comment Share on other sites More sharing options...
Andrew 4235 Posted June 4, 2009 Author Share Posted June 4, 2009 No, it didn't. Link to comment Share on other sites More sharing options...
Rob W 0 Posted June 4, 2009 Share Posted June 4, 2009 The wife's nephew's are big County supporters it's a very tough road this year was the first one in years were they weren't looking at the drop to non-league on the last day and that counts as SUCCESS in their world........... Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now