Luton Town Set To Be Rescued By TV Host
TV presenter Nick Owen is fronting a takeover bid for financially stricken League One football club Luton Town.
Owen, a lifelong Luton fan, is fronting a consortium bid, funded by local and overseas businessmen, to take over the club which has been in administration since November last year.
A decision from the administrators on the legitimacy of the consortium’s bid is expected this week.
Administrator Brendan Guilfoyle says “more than one” bid has been received and that they hope for exclusive talks with the winning bidder within a week.
Owen confirmed that his consortium’s bid is backed by the three principal supporters’ groups, including the supporters’ trust.
Guilfoyle admitted last week that the club would be forced to sell players if funding was not made available instantly.
Chairman David Pinkney had agreed to fund the losses of the club out of his own pocket but that deal expired at the end of the year, potentially leaving Guilfoyle with no option.
