[ad_1]
Morecambe are on the verge of a takeover with the 20-year-old entrepreneur and are believed to be close to signing a deal to buy the League One club.
Savyot Djohar, who was in the directors’ box for Morecambe’s 5-0 win at home to Burton on Saturday, shared reports of the impending takeover on social media on Wednesday.
Johal has been listed as chairman of a company called Sarb Capital, a private equity firm, since January 2022. Johal is of record as a director of Vitaminic Limited, which he incorporated as the Vitaminic Group in May 2019.
Morecambe was taken over by London-based Bond Group Investments in 2018. With co-owners Colin Goldring and Jason Whittingham rugby union’s Worcester Warriors entering his management in September, the club’s financial uncertainty increased.
In October, Morecambe-based world heavyweight boxing champion Tyson Fury said he had been offered a deal to buy the club. I’m in,” said Fury. “So I thought I would invest millions in them. I own all the training facilities and the training gym, so who knows?”
Morecambe declined to comment on reports of the sale. “At this time, I am not in a position to comment as it would be inappropriate to do so,” a club statement read out on Wednesday. “If the sale is complete, we will share it with our supporters at the appropriate time.”
There are other examples of clubs becoming the property of young entrepreneurs. In 2021, then-23-year-old Kirill Louis-Dreyfus became a major Sunderland stakeholder, becoming England’s youngest president ever in football. Louis-Dreyfus’ late father Robert owned Marseille until his death in 2009.
In 1990, then 19-year-old Spencer Treseewi saved Aldershot while he was playing in the Football League after agreeing to a signed affidavit of £200,000. Trethewy remained on the board for three months until it became clear that he could not repay the money he owed to honor the affidavit on the agreed timeline.
[ad_2]
Source link
