Tuesday, October 20, 2009

Notts County takeover is approved

Notts County

Notts County's takeover by Munto Finance has finally been approved by the Football League.

Munto Finance completed the buyout in July and promised to invest millions of pounds into the ailing League Two club.

But there had been doubts whether the deal would be ratified because mystery surrounded the identity of the club's new Middle East owners.

Munto is a special-purpose acquisition company of a Middle East-backed investment fund based in Switzerland.

The new owners showed their intention to transform the Meadow Lane club by investing heavily in new playing talent.

The Magpies installed former England manager Sven-Goran Eriksson as director of football and the club have invested heavily in new players.

More to follow.

No comments: