Benham buys stake in Brentford

11 March 2010 12:03
Bees United, the supporters' trust who own more than 60% of the club, have confirmed the paperwork has been completed on a deal which will see Benham invest £1million a year for five years, starting this season.

Benham, a Brentford fan who owns Smartodds Limited, will have operational control of the club but Bees United continue to hold the majority stake.

In 2014 Bees United can either buy Benham out and repay his loans, or Benham can exercise an option to become a majority shareholder with Bees United becoming a minority stakeholder.

Bees United chairman David Merritt said: "I am delighted that we have completed this deal with Matthew, which significantly strengthens the club's finances at least until 2014."

Source: Team_Talk