x Abu Dhabi, UAETuesday 25 July 2017

Middle East consortium close to Magpies takeover

A Middle East consortium is close to completing a takeover of League Two club Notts County.

A Middle East consortium is close to completing a takeover of League Two club Notts County. The club's chairman, John Armstrong-Holmes, has confirmed Munto Finance Ltd are on the verge of a multi-million pound deal to assume control of the world's oldest professional club. The consortium are headed by former Everton commercial director Peter Trembling and Middle East-based Peter Willett, client representative of the Al Thani Investment Group. "At a specially convened club board meeting held on Tuesday evening, the club board discussed the proposal from Munto which was accompanied by proof of funds and unanimously agreed to recommend its acceptance to all shareholders," Armstrong-Holmes told the club's official website. "Munto is eager to complete the deal as early as possible and, subject to shareholders agreeing to it, the takeover could be completed within a few weeks."

* With agencies