Doncaster talks break down

Doncaster Rovers have revealed their negotiations with proposed investors Sequentia Capital have concluded with the parties unable to reach an agreement on a deal.

Last Updated: 28/11/13 at 13:13 Post Comment

Sequentia, supported by an anonymous wealthy Belize-based tycoon, have been in takeover talks with the Sky Bet Championship club since June.

Their bid was supported by John Ryan, who brought the consortium to the table, and boardroom disagreements over Sequentia's offer led to Ryan resigning as chairman this month.

The club has now confirmed that it will remain under its current ownership structure.

"Negotiations regarding the ownership of Doncaster Rovers FC have been ongoing for a number of months, however the current owners feel it is in the best interests of all stakeholders if the club remains in their control," Rovers chief executive Gavin Baldwin told the club's official website.

"The decision was based on what they believe is best for the club and they are looking forward to working with all involved in Doncaster Rovers to ensure that the club continues to progress and that the business continues to thrive.

"They are excited about the future of Doncaster Rovers and helping the club to realise some of its unfulfilled aims.

"The current owners have a clear and exciting vision for the club which they are keen to deliver."

Sequentia pledged to spend upwards of £20million to help propel Doncaster to the Premier League and a heads of terms agreement was subsequently signed by both parties.

Ryan supported the bid but a boardroom split ensured that the offer was not accepted.

He stepped down as chairman after 15 years in the role before the game at Barnsley on November 9 because he felt "isolated" in the boardroom and believes his fellow directors "lacked ambition".'

The 63-year-old recently said he could be tempted back to the club should Sequentia complete a takeover - but only if the current directors were no longer involved.

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Readers' Comments

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

I

thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

damoceltic
Bored Of Big Sam? It's Your Right...

H

ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

feed the bear
Rodgers: I'll go if owners want

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