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Page last updated at 10:10 GMT, Monday, 8 June 2009 11:10 UK

Munto reveals Notts County plans

Notts County

The Middle Eastern consortium bidding to buy Notts County wants to make them a Championship side within five years.

Munto Finance's takeover has yet to be sanctioned by the majority shareholder, the Notts County Supporters' Trust.

But in a statement sent to the Trust, the consortium said it wants to invest in the youth programme, infrastructure and the coaching and playing staff.

And it wants to see the Magpies established in the second tier of English football in four to five years.

The statement read: "Over the next few years Munto will invest in the underlying fabric and infrastructure, as well as making funds available to improve the playing and coaching staff and for nurturing home talent.

"Investment in an improved youth programme and further integration within the community are just as important as success on the park.

"To achieve this Munto intend to invest in a structured and staged way to achieve their initial objective of making the club an established Championship side within four to five years.

"They have an overall commitment to the community and fans alike - ensuring a solid and long future to enable the club to steadily rise through the tables, eventually depending on their own resources."

Magpies chairman John Armstrong-Holmes has said the takeover could be completed "in a few weeks".

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