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Are Reds Close To A Takeover?
Published : 23 Sep 2012 20:10:44
Arabs and Italians rumoured to be interested.
A group of wealthy Arabs and Italians are believed to be fighting to secure a £10m takeover of Barnsley Football Club.
Current owner Patrick Cryne has made no secret of his desire to sell the club to the right person or group of people and he could now get his way in the next couple of weeks.
The Italian consortium are believed to already have sporting links in their own country and want to take control of a debt-free English club, which Barnsley are due to the prudent financial dealings of the current board.
The Arabian group meanwhile have been in intense discussions with Leeds United chairman Ken Bates to take over the Elland Road outfit, but those talks seem to have hit deadlock and the group see Barnsley as an easier, stress-free alternative.
At this moment in time the club are refusing to comment on any prospective changes at the top, and it is highly likely that nothing will be announced until it is all signed and sealed.
Barnsley's stock is at its highest level since the Premier League days 14 years ago, with the club managing debt-free in the second tier of English football, and boasting top of the range training and Academy facilities. Yesterday's 5-0 victory at Birmingham in front of the SKY cameras will no doubt have impressed any prospective buyers.
The only downside is that both consortiums are believed to have their own manager and coaching staff lined up which would spell the end for Keith Hill and David Flitcroft.