Day Posted December 10, 2009 Share Posted December 10, 2009 Notts County's owners Munto Finance have put the club up for sale, reports BBC Radio Nottingham. It is understood that Munto are already in contact with interested parties. One option is thought to be a buyout involving director of football Sven-Goran Eriksson and executive chairman Peter Trembling. Munto only bought the club in July and revealed ambitious plans to transform the League Two strugglers into a Championship side within five years. The new owners promised to invest millions of pounds and a host of new players arrived at the club before the close of the transfer window in August. Former England international Sol Campbell was a high-profile early capture, but infamously left the club after just one appearance. And then manager Ian McParland also left Meadow Lane in October despite the fact the club were in the League Two play-off spots. Since then, Notts have stayed in the running for promotion and are just two points off the top three. But the club have constantly been in the headlines since the summer takeover. Mystery surrounded the identity of the club's new Middle Eastern owners and the buyout was only ratified by the Football League in October. Notts also had to deal with a winding-up petition issued by the High Court in November in relation to a six-figure debt accrued before Munto Finance took over. BBC Radio Nottingham's Notts County correspondent Colin Slater outlined the current state of play at Meadow Lane. "Notts County is on the market, Munto Finance are seeking to dispose of the club and are in contact with some potential buyers. "It is an option for Munto to consider that Eriksson and Trembling are in talks about a possible management buyout." In October, former England boss Eriksson had talks about becoming the manager of the Swedish national team but wanted to combine the job with his Notts County role. But Trembling insisted: "This is a full time job." http://news.bbc.co.uk/sport1/hi/football/teams/n/notts_county/8405269.stm Link to comment Share on other sites More sharing options...
derbydan Posted December 10, 2009 Share Posted December 10, 2009 maybe they'll buy us lol Link to comment Share on other sites More sharing options...
vicky-27 Posted December 10, 2009 Share Posted December 10, 2009 Can't see Sven putting his hand in his pocket - he will be off like a rocket - sad thing is no-one else at the club knows whats going on and the fans must be livid - that's the trouble with foreign owners - Sven said he has only ever met one of them once. Link to comment Share on other sites More sharing options...
trigger Posted December 10, 2009 Share Posted December 10, 2009 daveyboy normally put his hand in his pocket! but he,s now got a restraining order against him from asda, they dont like it when you knock one out in the fruit and veg isles he did actually get caught in asda with his old man wedged in a packet of jacobs buscuits, he got away with it in court as the judge said he was foo king crackers! Link to comment Share on other sites More sharing options...
derbydan Posted December 10, 2009 Share Posted December 10, 2009 cheese and crackers eh trig Link to comment Share on other sites More sharing options...
trigger Posted December 10, 2009 Share Posted December 10, 2009 almost puts me off stilton! Link to comment Share on other sites More sharing options...
bakeri666 Posted December 10, 2009 Share Posted December 10, 2009 I doubt the Arabs knew what they were buying - plus the Arab States are finding themselves slightly poorer than they once were... It's almost a race between Notts and Portsmouth to see who goes belly up first... Link to comment Share on other sites More sharing options...
derbydan Posted December 10, 2009 Share Posted December 10, 2009 pompey i reacon Link to comment Share on other sites More sharing options...
bakeri666 Posted December 10, 2009 Share Posted December 10, 2009 me too... but Notts can't be far behind - they nearly went once before Link to comment Share on other sites More sharing options...
Boycie Posted December 11, 2009 Share Posted December 11, 2009 They better not come rattling them buckets again at Pride Park, I'll curl something in it this time. Link to comment Share on other sites More sharing options...
Day Posted December 11, 2009 Author Share Posted December 11, 2009 Neither clubs will go belly up look at the players both clubs have that can be sold on to raise funds to balance the books. Portsmouth might be playing in League 2 in a few years time after selling all their players, although doubt they would go belly up. Everyone was expecting Southampton to go tits up not that long ago yet look at them now, granted they aint pulling up any trees in League 1 although neither were Forest in all the years they spent in League 1. It's all media hype to get football fans talking and buying papers, the only clubs that are at risk of folding are in the Blue Square where there is no money or assets to be sold. Link to comment Share on other sites More sharing options...
vicky-27 Posted December 11, 2009 Share Posted December 11, 2009 Southampton were 24 hours from administration - they admitted it on ssnews yesterday. Link to comment Share on other sites More sharing options...
Day Posted December 11, 2009 Author Share Posted December 11, 2009 Doesn't mean they would of folded, quite a few clubs have gone into administration and picked up a points deduction then carried on. Link to comment Share on other sites More sharing options...
Perky1106 Posted December 11, 2009 Share Posted December 11, 2009 I remember when Leicester were all over SSN a few years ago saying they were near liquidation. All over-dramatised inaccurately reported balls I reckon. Link to comment Share on other sites More sharing options...
Boycie Posted December 12, 2009 Share Posted December 12, 2009 We're 24hrs from administration, if the bank calls in its mortgage on PP. Link to comment Share on other sites More sharing options...
Day Posted December 12, 2009 Author Share Posted December 12, 2009 We can sell off Dickov which would clear the mortgage.....hold on....we don't?.......quick sign him up!!! Link to comment Share on other sites More sharing options...
bakeri666 Posted December 12, 2009 Share Posted December 12, 2009 Peter Trembling today announced that he has completed a management buy-out of Notts County Football Club. Trembling has purchased the club from Munto Finance for a nominal sum and takes ownership with immediate effect. Trembling will remain as Executive Chairman, with support from Sven-Goran Eriksson as Director of Football. Notts Chief Executive Gary Townsend will be asked to join the Board with Sir John Walker remaining as the other Board Director. Notts County OS Link to comment Share on other sites More sharing options...
Boycie Posted December 13, 2009 Share Posted December 13, 2009 Owh! I was looking forward to sh*tting in their begging buckets.:mad: Link to comment Share on other sites More sharing options...
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