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Luton Town one step closer to takeover
England - 28 February, 2008
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TV presenter Nick Owen has struck a deal with English Luton Town's administrators and is one step closer to controlling the club.
The Luton Town Football Club 2020 Limited's offer has been tentatively accepted. The deal is expected to be confirmed by the league within the next few weeks.
The club was hit with a 10-point penalty for heading into administration. Players have been sold off in an attempt to balance the books. Owen's group will not be able to sign players until they officially take control, as the club still is in administration.
"I'm absolutely thrilled for the 2020 lads. They have worked tirelessly for the club behind the scenes over the last seven or eight months," manager Mick Harford told the BBC. "They have got a magnificent business plan and prospectus which I have read at length and they are keen to secure a new stadium and put the club on the right road."
The Luton Town Football Club 2020 Limited's offer has been tentatively accepted. The deal is expected to be confirmed by the league within the next few weeks.
The club was hit with a 10-point penalty for heading into administration. Players have been sold off in an attempt to balance the books. Owen's group will not be able to sign players until they officially take control, as the club still is in administration.
"I'm absolutely thrilled for the 2020 lads. They have worked tirelessly for the club behind the scenes over the last seven or eight months," manager Mick Harford told the BBC. "They have got a magnificent business plan and prospectus which I have read at length and they are keen to secure a new stadium and put the club on the right road."
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