A certain League One club are said to be in proposed takeover talks with an ex-Inter Milan owner, leaving fans excited over the reports.
Oxford United’s Indonesian investors want to buy the majority stake in the club with the group understood to have made an offer for a minimum holding of 51 per cent, which would give them outright control over the U’s.
They are hoping to conclude the transaction in the coming weeks and must submit a business plan to the English Football League (EFL) in the near future.
The Telegraph reported on Friday that Oxford’s former board member Erick Thohir is involved with the consortium, which they say includes wealthy backers from South Africa and Vietnam.
Thohir was a U’s director between November 2018 and October 2019, however was forced to step down after being appointed Indonesia’s ‘state-owned enterprises minister’.
He was the owner at Italian giants Inter Milan between 2013 and 2019 and has also been majority shareholder at MLS club DC United.
The club, who currently sit just outside the playoffs in the League One table, has a board which consists of Tiger, Indonesia-based Anindya Bakrie and German Horst Geicke, who lives in Hong Kong.
46 year old Bakrie became a director in April 2019 and has longstanding connections with Thohir, and the entrepreneur used to be involved in media and telecommunications in Indonesia, with new plans to run a television network in the country alongside Thohir.
Tiger has been United’s owner since February 2018, when he completed a takeover of the club from Darryl Eales.
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The chairman revealed earlier this month that the coronavirus pandemic had cost the U’s an estimated £2.3million, but because the owner Sumrith ‘Tiger’ Thanakarnjanasuth said Oxford’s accounts for the year ending June 2020, which are expected to be published soon, it will show a profit.
Earlier this week, head coach Karl Robinson, who was recently linked with the manager’s job at Bournemouth, said he wanted to make the U’s a ‘top-30 club in England’.
He revealed how excited he was about United’s potential and he reiterated his commitment to the club.
Asked if he would rule himself out of the Birmingham job, Robinson said: “Yes.
“This football club’s so exciting now.
“I often talk about what’s building here and what I have the flexibility to do.
“I’d love to make this a top-30 club in England over the next five years.
“That might sound like a ridiculous statement, because that means a top-ten team in the Championship really competing to get to the level above.
“We have long-term plans – sometimes it means the medium and short-term implications could be negative, but we have a long-term goal.”
Fans have been left excited about the club’s future, after ‘Tiger’ spoke to the media.
He and the board are covering the lost revenue because of Covid about £2.3m, but there are also talks continuing about the Kassam Stadium with a further announcement expected on that. Will they finally be able to finish it off with a fourth stand and some further developments to it should the green light be given, or with they be forced to try and find a new home.
‘Tiger’ also said that the board back Karl Robinson 200% & and will continue to back him in the transfer market. Their vision remains the same & that is to take them up and with the League One club in proposed takeover with ex-Inter Milan owner, they could be looking on the up.
There was plenty of reaction as reports emerge on the League One club in a proposed takeover with an ex-Inter Milan owner and wealthy backers…
@oufcbrkr_: well then
@SOMBROCO: We on the way to the premier league whilst Swindon are on their way to non-league. Oh how the tables have turned
@DanBullock_: Champions league winners 2023/2024
@lukebennett2711: On our wayyyyyy we’re on our way
@oufc_lewi: Sheik mansour my lord
@LCooper1999: Oxford rich.
@ReeceTC99: EUROPEAN TOUR IN 2024 THEN
@_lilJamo: We’re buying the 21/22 league one title
@AnalyticsOxford: THINK OF ALL THE WINGERS WE WILL SIGN IN THE SUMMER 💉 #OUFC
@HarryCallaghan_: Robinson had a dreammmm… of a premiership football team
@Pittick99: As long as they have there best interests or want to be involved and progress the club then give them what they want why not 🤷🏼♂️ Also could potentially increase the clubs revenue from new supporters overseas #OUFC
@jamessordillo: Can’t wait for Barcelona away in the Champions League
@_chaxza: You signed Power we signed Erick Thohir #STFC #OUFC
@bookiemonster81: What we thinking then? If this accelerates stadium ownership then I’m for it. But as an Oxford fan of 30 years I’m obviously dreading any uncertainty #oufc
@jackyp97: Wonder if they’ll finally build a 4th stand
@KieranLRadio: Erick Thohir started Inter Milan’s climb back to Serie A relevance, and spearheaded a massive property development at DC United. Takeovers are always scary, especially when Tiger has been doing such a good job recently. But this could be what takes Oxford back to the top #OUFC
@UTFO1982: Champions League incoming!
@ChazOufc: Actually really like tiger but buying the league sounds fucking quality
@BobbiOufc: We’re all going on a European Tour
@Rosie_may16: As long as they have the same ambitions and goals as tiger and got the clubs best interest at heart, I don’t think this is a bad thing. They might have more money to put in, be interesting to see how this develops though.
— 𝕁𝕠𝕖 👷🏽♂️ (@Joe_Laane) March 19, 2021
— Connor (@ConnorC717) March 19, 2021
— Adam Brown (@ABrown31_v2) March 19, 2021
— Harry Burton (@h_burts) March 19, 2021