Doncaster Chairman ‘satisfied’ with Proposed Takeover
August 19, 2013
Doncaster Rovers chairman John Ryan is ‘wholly satisfied’ that the proposed takeover of the club by Sequentia Capital S.A will be complete.
An unnamed investor from Belize is said to be behind Sequentia’s bid, but the consortium face competition from a London hedge fund.
Ryan is supporting Sequentia’s proposal and has now revealed there is proof of the consortium’s financial backing.
A statement from Ryan read: “Funds were proven by Sequentia Capital S.A’s bank to me and therefore I am wholly satisfied sufficient funds are available to Sequentia Capital S.A to complete the transaction and fund Doncaster Rovers Football Club going forward.
“The shareholders of Doncaster Rovers Football Club are currently considering the offer.”
Reports suggest that not all of the club’s major shareholders are in agreement with the offer but Ryan would buy back into the club after the sale to remain as chairman.