Post by Neko Bazu on Jan 22, 2007 17:12:49 GMT -1
Rumour that's been doing the rounds here and there. The bullet-point version runs thusly:
- Large German company (speculation says Philips, though I believe they're actually Dutch. Same difference?) has been looking to buy into English football for some time, at the right price and with ample opportunity. Apparently, Luton provide this.
- They intend to invest in the club, with the aim of attaining promotion and getting their money back that way, rather than through sales.
- They intend to buy the old Vauxhall site and build a 25,000 seater stadium there (whether that's immediately or 'with room for' I don't know)
- According to rumour, said interested company is also looking to buy out the Electrolux site and expand it, thus creating new jobs. This adds a lot of sway to their bid, since the council apparently prefer the idea of investing in property on that site.
How much of that is speculation and how much has come from solid sources, I don't know, but it's a pretty damn nice proposal if there is something in it!
Edit: Found this on BBC 606, and it backs up what I've said!
- Large German company (speculation says Philips, though I believe they're actually Dutch. Same difference?) has been looking to buy into English football for some time, at the right price and with ample opportunity. Apparently, Luton provide this.
- They intend to invest in the club, with the aim of attaining promotion and getting their money back that way, rather than through sales.
- They intend to buy the old Vauxhall site and build a 25,000 seater stadium there (whether that's immediately or 'with room for' I don't know)
- According to rumour, said interested company is also looking to buy out the Electrolux site and expand it, thus creating new jobs. This adds a lot of sway to their bid, since the council apparently prefer the idea of investing in property on that site.
How much of that is speculation and how much has come from solid sources, I don't know, but it's a pretty damn nice proposal if there is something in it!
Edit: Found this on BBC 606, and it backs up what I've said!
It has been rumoured for a number of weeks that a large German company have been looking to make an offer for the club with a significant investment that would include a 25000 all seater stadium on the site of the old vauxhall plant and a considerable amount for squad strengthening. Up until now i have dismissed this as rubbish but i have hears a rumour that Electrolux is to be taken over buy a german company who are huge in the appliance and electrnics market. Phillips has long coverted a move into football in this country but up until now has not been able to find a suitably priced team to buy or invest into heavily. Luton seems to foot the bill nicely as they can combine this with bid for Electrolux. However i will stress this is just speculation and rumour at this stage but there is something going on and MN hinted more than once the board won't be around long.
