Foreign Investment On The Way

Foreign figures are interested in investing in Wanderers, claims chairman Ken Anderson.

Anderson was interviewed on BBC Radio Manchester prior to today’s game. He said there was interest from abroad.

‘We’ve had two or three serious people, all from overseas – China and Malaysia in general – that have talked to us. We’ve said that we are happy to meet them when they’re next in the UK.’

There will seemingly though, be no buyout. Anderson wants to remain as part-owner and raise new shares.

A number of clubs in the Football League have come under Asian ownership to varying degrees of success, Cardiff were promoted to the Premier League under Vincent Tan, although he wanted to rebuild the club’s image to reflect himself. On the other hand, Blackburn and Birmingham are two clubs that have been run appalingly.

Therefore it is vital that all the due diligence you would hope to be done, is done.

We almost certainly need the money too. While accounts are still conspicuous by their absence, in spite of restructuring the club is probably still losing money. The Sports Shield model also seems to be built on bringing in other investment.

Not that any of this is guaranteed the happen, while Sports Shield and Anderson have undoubtedly settled the club down, we’re still waiting for the transfer embargo to be lifted. As we were in June.

The Supporters Trust have yet to release a statement on the matter, although you can get cheap pizza with their app.