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Last Updated: Wednesday, 27 February 2008, 00:00 GMT
Owen consortium nears Luton deal
Nick Owen
Owen found fame on breakfast TV with Anne Diamond in the 1980s
Luton Town are close to being taken over by a consortium fronted by TV presenter Nick Owen after a deal was reached with the club's administrators.

The Luton Town Football Club 2020 Limited, led by Owen, has had an offer for the club conditionally accepted.

Contracts were exchanged before Luton's 1-1 draw with Millwall on Tuesday and the Football League is expected to confirm the deal in the next few weeks.

"We are on the way to being owners," Owen told BBC Radio 5 Live.

"The bottom line is that Luton Town Football Club is secure and will live to fight another 100 years."

Luton - third from bottom of the League One table - remain in administration and the consortium will not take control until the takeover is completed.

606: DEBATE
harfordisgod

The Hatters suffered a 10-point deduction after going into administration and have seen several players sold to balance the books during a difficult period for the club.

"Basically we are in and it's a very exciting thought but we still have to get out of administration and that takes time," added Owen, who is the public face of LTFC 2020 Limited.

"There will be people from our consortium working in the offices and taking decisions now.

"Unfortunately we won't be able to sign players, even on loan, before the deadline which is a real blow as we've lost half a team.

"I would never say we're resigned to relegation but it does remain a huge possibility - we have to keep going despite the 10-point deduction and the fact that we're down to 15 or 16 fit players."

I can say to the fans that the club is in great hands

Luton boss Mick Harford

Luton boss Mick Harford, who replaced Kevin Blackwell at the helm in January, said the development was a major boost to the club.

"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," he said.

"I know it is fronted by Nick but there are a lot of others there too and I can say to the fans that the club is in great hands and has a safe future as far as I'm concerned.

"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."



SEE ALSO
Luton 1-1 Millwall
26 Feb 08 |  League One
Harford named stand-in Luton boss
16 Jan 08 |  Luton Town
Blackwell sacked as Luton manager
16 Jan 08 |  Luton Town
Five players leave troubled Luton
10 Jan 08 |  Luton Town
TV presenter plots Luton rescue
08 Jan 08 |  Luton Town
Luton's future remains in doubt
07 Jan 08 |  Luton Town
Cup brings little cheer for Luton
04 Jan 08 |  Luton Town
Luton suffer 10-point deduction
22 Nov 07 |  Luton Town
Luton and agents hit with charges
15 Nov 07 |  Luton Town
FA to probe Luton over payments
12 Apr 07 |  Luton Town


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