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Last Updated: Friday, 2 March 2007, 08:41 GMT
American group buys into Millwall
Millwall
An American consortium has invested 5m in League One club Millwall.

Chestnut Hill Ventures, led by John G Berylson, has interests in business and financial services, retail, property and sport.

"This is tremendous news for Millwall and our fans," said Heather Rabbatts, who will continue to run the club in the role of executive deputy chairman.

"It enables us to move forward with confidence and continue to plan for future success on and off the field."

Berylson will become non-executive chairman of Millwall Holdings and a director of the club, while his colleague Demos Kouvaris will also join both boards.

In addition to this investment, a further 1.5m could be raised for investment from other parties and existing directors of the company and former chairman Peter de Savary will be investing another 500,000.



SEE ALSO
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01 Mar 07 |  Millwall
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28 Feb 07 |  Millwall
Donachie relishes Millwall's rise
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06 Feb 07 |  Liverpool
Football takeover trends
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