Forest battle reaches final whistle
Saturday 22 February 1997
The two groups will meet shareholders ahead of today's match against Aston Villa. With both the Nigel Wray-Phil Soar-Irving Scholar group and the venture capital-backed Albert Scardino consortium increasing their offers at the last minute, the battle is thought to be finely poised. But the final decision rests with the club's 202 shareholders, who each paid just pounds 1 for their stake.
They are a disparate group, including wealthy local businessman, pub owners and former players. They all qualify for shareholder privileges such as a free cup of tea at half time, a free programme and a cushion on which to watch games.
But on Monday the stakes are a little higher than a half-time beverage. The Soar-Scholar consortium is offering pounds 19.3m. The Scardino group, which now includes the Mansfield Brewery chairman Sir David White, was offering pounds 18.2m, but was yesterday understood to be considering its offer . Waiting in the wings is Sandy Anderson, the Porterbrook Leasing millionaire, who is prepared to back a director buyout group if neither bid secures the 75 per cent majority required for victory.
If there is no outright winner the bidder with the most votes will be put to a third resolution. If there is still no decision, it could re- open the door to Mr Anderson who has already had one pounds 13m bid turned down. "I'm torn between both of them," said a local publican and shareholder Peter Atkin. "But I hope for the club's sake that we get it sorted out one way or another."
- 2 Smartphones are making children borderline autistic, says psychiatrist
- 3 Why this father didn’t hide his daughter’s heroin overdose in her obituary
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
Smartphones are making children borderline autistic, says psychiatrist
Nepal earthquake: More than 1,100 killed across four countries and in Mount Everest avalanche
Nepal earthquake: The race is on to help thousands trapped under rubble around Kathmandu, while remote villages face a long wait for help
Royal baby: Live updates as superbug closes ward at St Mary's Hospital where Duchess of Cambridge is due to give birth
Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...