Scardino recruited as key player in Forest bid

Marjorie Scardino, the US businesswoman who takes over as chief executive of the Pearson media group this week, has emerged as an investor and key player in a consortium which will make a last-minute bid for Nottingham Forest football club today.

Mrs Scardino and her husband Albert have been recruited by the consortium whose main four members are Trocadero property developer Nigel Wray, former Tottenham Hotspur chairman Irving Scholar, Nottingham businessman Phil Soar and Julian Markham, chairman of property group Glengate Holdings.

The consortium will present an offer document to Forest chairman Irving Korn at noon today. It will distribute the document to the club's 209 shareholders ahead of this evening's extraordinary meeting to vote on a rival pounds 13m takeover proposal led by Porterbrook Leasing chief Sandy Anderson.

Forest shareholders are set to block the Anderson bid, with the shareholders' leader Peter Blackburn saying he was "very confident" that Anderson would not obtain the 75 per cent of the vote needed to gain control.

The Arizona-born Mrs Scardino and her husband are involved in a personal capacity rather than through Pearson and are assisting the Wray consortium in the recruitment of other US investors.

But the Scardinos' involvement appears to re-open the possibility of Pearson taking a direct investment in football just weeks after the group's previous management rejected a similar proposal from Greg Dyke, head of Pearson Television, which includes Thames Television. He had suggested the group take a stake in a top club after Pearson Television had examined possible football investments during the summer.

Mrs Scardino's obvious footballing interest - she is also a keen Manchester United supporter - appears to pave the way for a fresh assault by Pearson on the lucrative football sector.

Greg Dyke's view is that top football clubs represent a lucrative investment opportunity as they own the rights to televised games.

The Nigel Wray-Irving Scholar consortium has declined to name the exact price it is offering for Forest, which currently lies second from bottom of the Premiership.

However, it was thought that the offer would involve an immediate cash injection of pounds 10m with a further pounds 20m to be raised through a stock market flotation.

The group says it has left its renewed takeover approach to the last minute to prevent any disruption from other interested parties.

However, the Wray group faces fresh competition from Grant Bovey, a video entrepreneur who has re-entered the race after withdrawing his initial offer. He is promising pounds 13.5m for new players and says shareholders will receive formal details in the next fortnight.

PROMOTED VIDEO
News
ebooksAn evocation of the conflict through the eyes of those who lived through it
News
video
Arts and Entertainment
Martin Amis: Taken to task over rash decisions and ill-judged statements
booksThe Zone of Interest just doesn't work, says James Runcie
Life and Style
life – it's not, says Rachel McKinnon
Arts and Entertainment
Eye of the beholder? 'Concrete lasagne' Preston bus station
architectureWhich monstrosities should be nominated for the Dead Prize?
Travel
travelFrom Notting Hill Carnival to Zombeavers at FrightFest
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

Service Delivery and Support Manager

£55000 - £75000 per annum + excellent benefits: Harrington Starr: Service Deli...

Corporate Tax Solicitor

Highly Competitive Salary: Austen Lloyd: CITY - HIGHEST QUALITY INTERNATIONAL ...

Relationship Manager

£500 - £600 per day: Orgtel: Relationship Manager, London, Banking, Accountant...

Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...

Day In a Page

Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

The online auction site is still the UK's most popular e-commerce site
Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

'Lack of ethnic minority and black faces on TV is weird'

Culture Minister Ed Vaizey calls for immediate action to address the problem
Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

Magic circles: Artist Olafur Eliasson

Eliasson's works will go alongside a new exhibition of JMW Turner at Tate Britain. He tells Jay Merrick why the paintings of his hero are ripe for reinvention
Josephine Dickinson: 'A cochlear implant helped me to discover a new world of sound'

Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

Shame he doesn't know how to wear one. Harriet Walker explains the dos and don'ts of fanny packs
7 best quadcopters and drones

Flying fun: 7 best quadcopters and drones

From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
Joey Barton: ‘I’ve been guilty of getting a bit irate’

Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home