Anderson waits in wings in Forest fray

Sandy Anderson has emerged as the potential backer of a group of Nottingham Forest shareholders who are planning a last-minute bid for the club.

The Porterbrook Leasing millionaire, who has already had one bid for the club turned down, is thought to be willing to invest pounds 3m-pounds 4m in an offer being put together by former Forest chairman Fred Reacher and two other directors, Keith Gibson and Jamie Mellors.

The move comes just days ahead of a crunch meeting next Monday when Forest shareholders will vote on the bids made by the Albert Scardino-led group and a rival consortium led by Nigel Wray and local author Phil Soar.

The Anderson-backed proposal would see each of Forest's 202 shareholders receive around pounds 50,000 for their stake, far more than under each of the two other bids.

Last week, letters were sent to Forest shareholders by Phil Murdoch, a local antiques dealer who is also a shareholder, suggesting that they vote against both the Scardino and Wray-Soar bids.

However, Mr Anderson is thought to be unwilling to indulge in any spoiling tactics. He has made it clear that he will only re-enter the fray if neither of the two bids are successful next week.

Both Mr Reacher and Sandy Anderson were in the directors' box at Forest's FA cup defeat at Chesterfield on Saturday along with other well-known Forest fans including Chancellor of the Exchequer Kenneth Clarke.

The emergence of a third bid has been greeted with dismay by some Forest shareholders. They say further delays to the ownership question could jeopardise the club's future.

Forest's bankers are said to be ready to call in loans made to the club the day after next week's emergency meeting if neither of the bids is successful.

Larry Lloyd, a former Forest player and now a sports presenter on Radio Trent, said yesterday: "If this happens I fear for the club. I have spoken to some other shareholders and they feel the same."

It is understood that a shareholder buyout of Forest was discussed last autumn but dismissed on the grounds it was not financially viable.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Selby Jennings: VP/SVP Credit Quant- NY- Investment Bank

Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...

Selby Jennings: Quantitative Research | Equity | New York

Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...

Selby Jennings: SVP Model Validation

Not specified: Selby Jennings: SVP Model Validation This top tiered investment...

Selby Jennings: Oil Operations

Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...

Day In a Page

A timely reminder of the bloody anniversary we all forgot

A timely reminder of the bloody anniversary we all forgot

Who remembers that this week we enter the 150th anniversary year of the end of the American Civil War, asks Robert Fisk
Homeless Veterans appeal: Former soldiers pay their respects to a friend who also served

Homeless Veterans appeal

Former soldiers pay their respects to a friend who also served
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing

Scarred by the bell

The downfall of the TV star charged with bar stabbing
Why 2014 was a year of technological let-downs

Why 2014 was a year of technological let-downs

Security breaches and overhyped start-ups dominated a year in which very little changed (save the size of your phone)
Cuba's golf revolution: But will the revolutionary nation take 'bourgeois' game to its heart?

Will revolutionary Cuba take 'bourgeois' golf to its heart?

Fidel Castro ridiculed the game – but now investment in leisure resort projects is welcome
The Locked Room Mysteries: As a new collection of the genre’s best is published, its editor Otto Penzler explains the rules of engagement

The Locked Room Mysteries

As a new collection of the genre’s best is published, its editor explains the rules of engagement
Amy Adams on playing painter Margaret Keane in Tim Burton's Big Eyes

How I made myself Keane

Amy Adams hadn’t wanted to take the role of artist Margaret Keane, because she’d had enough of playing victims. But then she had a daughter, and saw the painter in a new light
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Parting view of Ofcom chief... we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog, Ed Richards
A look back at fashion in 2014: Wear in review

Wear in review

A look back at fashion in 2014
Ian Herbert: My 10 hopes for sport in 2015. Might just one of them happen?

Ian Herbert: My 10 hopes for sport in 2015

Might just one of them happen?
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?