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Takeover, What Takeover?

Takeover, What Takeover?

Yet another midlands club has been linked with a possible takeover from new investors.

This time, it's Coventry City, who, £28 million in debt, have caught the eye of an American consortium looking to get a toehold in the beautiful game.

Earlier this week, Sheffield Wednesday, whose debt is only £2m short of Coventry`s, announced a possible takeover from a Chinese consortium headed by a wealthy casino owner.

With Leicester already on the hands of Milan Mandric, an Icelandic consortium controlling Stoke City and David Sullivan and the Gold's owning Birmingham City, the midlands has become a popular place to shop for the man who has everything, except a football club.

So why is Wolverhampton Wanderers still on the market?

Debt free, riding high in the league, nice stadium, impressive training ground, youth Academy turning out potential stars yearly, they tick all the boxes. The club must surely look as attractive as any on paper to the money men looking to break into English football?

But other than Graeme Souness' failed bid, that to be fair to Sir Jack Hayward, appeared to be based on his minimum required investment levels, there has been not even a whiff of a rumour of a takeover.

Are Wolves really any less glamorous than Stoke, Coventry or Leicester City?

There may of course be ongoing talks behind closed doors to which the fans are not privy, as Wolves CEO Jez Moxey stated at the time of the Souness affair.

And Sir Jack Hayward will only consider relinquishing control to a British investor, which narrows down the field somewhat.

But until a public statement is made about the current situation regarding fresh investment, Wolves fans will be asking themselves how so many debt burdened sides can attract wealthy new owners, while they themselves cannot.


Click here to join in the debate on the club forum.

Writer:Stuart Smith
Date:Thursday March 8 2007
Time: 10:31AM

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