UK time is: 18:48:56
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Coates puts in new bid for Stoke

Stoke City director and former chairman, Peter Coates has tabled a new bid to buy back the club from its Icelandic owners.

Having failed in his last attempt in Summer 2005, he has now given the Icelandic majority owners a new offer of 13m to buy back the club he sold to them in 1999.

Since then he has founded the very successful online bookmaker Bet365, which has boosted his personal fortune by several millon pounds.

The offer consists of a 4m payoff to the Icelandic shareholders, 6m to put into the club's running costs and to clear most of the debts and an extra 3m to the Icelandic shareholders if Stoke achieve Premiership status within three years.

He has vowed that any money he puts in will not be in the form of loan, but will be exchanged for shares.

We await and see what the Icelandic consortium make of the latest offer, but it seems quite likely that it will again be rejected as one of the conditions of the offer is that the Icelandics, in return, write off loans currently standing at 5m.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The Journalist

Writer: Chris Baldwin Mail feedback, articles or suggestions

Date:Thursday March 30 2006

Time: 1:46PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Stoke City Articles

Archived Stoke City Articles

List All Vital Stoke Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

League Table (view table)

Team P W D L GD Pts
7. Spurs 30 16 5 9 5 53
8. Swansea 30 12 7 11 -4 43
9. West Ham 30 11 9 10 3 42
10. Stoke 30 12 6 12 -3 42
11. Crystal Palace 30 9 9 12 -5 36
12. Newcastle 30 9 8 13 -15 35
13. Everton 30 8 10 12 -4 34

Breaking League News

Did You Watch England Last Night?
West Ham : 01/04/2015 18:44:01
Hammers on the Trail of Onuoha
West Ham : 01/04/2015 18:37:01
Who Gained The Most?
Spurs : 01/04/2015 18:36:00
Carroll Out for Season?
Spurs : 01/04/2015 18:16:01
How About Our Friend Raheem?
Chelsea : 01/04/2015 18:01:01

Current Site Poll (view all polls)

Goal of the Month (March)
Suggested By:  
Moses v Everton (H) 67%
Diouf v Everton (H) 0%
Diouf v C Palace (H) 33%