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Home / Sports / US Investors Eye Tranmere Rovers: EFL Approval Pending

US Investors Eye Tranmere Rovers: EFL Approval Pending

15 Jan

•

Summary

  • Ascent Capital Partners is seeking EFL approval for a Tranmere Rovers takeover.
  • The club's current owners have been trying to sell for at least two years.
  • This potential deal could make Tranmere the 37th English club with US ownership.
US Investors Eye Tranmere Rovers: EFL Approval Pending

Tranmere Rovers is on the brink of American ownership, with Ascent Capital Partners’ bid awaiting English Football League (EFL) approval. Current owners Mark and Nicola Palios, who purchased the club in 2014, have been attempting to sell the League Two side for approximately two years. This move follows a previous failed bid involving high-profile figures like Joe Tacopina and A$AP Rocky, which collapsed due to regulatory hurdles.

Ascent Capital Partners, with offices in Arizona and Texas, focuses on financial advice for ultra-high-net-worth families. Their strategy appears to center on buying clubs outright and generating revenue from daily operations, with a significant emphasis on maximizing property assets. Bryant Clark, a growth advisor for the firm, noted the potential in UK football by pairing club ownership with stadium infrastructure and real estate development to create sustainable income streams.

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This approach suggests a likely push to relocate Tranmere from Prenton Park to a new stadium at Bidston Dock, envisioned as part of a £100 million "sports city." Should the bid be approved, Tranmere would join a growing list of English clubs with American investment, with 36 other teams in the top four divisions already having US-based investors. Recent weeks have seen other US-involved deals, including the acquisition of Hartlepool United and plans for Lincoln City.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Ascent Capital Partners, a firm with offices in Arizona and Texas, is seeking to acquire Tranmere Rovers.
They aim to generate revenue from club operations and property assets, potentially developing a new stadium and surrounding real estate.
If Ascent Capital Partners' bid is approved, Tranmere Rovers would become the 37th English club in the top four divisions to have US ownership.

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