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

Source: Team_Talk