The Oxford Mail has exclusively reported that Oxford United will not be taken over by Uruguayan businessman Juan Sartori. This is because chairman Darryl Eales has rejected the approach outright, citing that he doesn’t wish to relinquish control of the football club.
It is believed that Sartori made it known of his intentions to complete the purchase of Oxford back in March. This led to an offer being made and certain meetings with figures at the football club going through. However, developments today mean the proposed deal has fallen through.
Sartori is the son-in-law of Dmitry Rybolovlev, a Russian billionaire, and was led to believe that a deal was close to being concluded. Sufficient due diligence had taken place as well, but Mr Eales has put an end to any such deal. Eales himself has always spoken that he wasn’t looking to release his grip on the football club. Nevertheless, Sartori met with stadium landlord Firoz Kassam over trying to secure the rights to the Kassam Stadium.
Back in March, it is believed that Sartori and Eales had only made contact via a string of emails. However this has further progressed to actual conversations both in person and over the telephone too. Following this, Eales this morning got in contact with the South American to make it abundantly clear that he will not be selling. That puts to an end of the speculation surrounding a takeover bid, which was further increasing in Oxfordshire over the last few months. It didn’t appear to cause any issues to manager Michael Appleton, but he can now fully focus on their Sky Bet League One campaign next season.