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Page last updated at 11:38 GMT, Tuesday, 22 September 2009 12:38 UK

Notts County deny takeover doubt

Notts County

Notts County have denied that the Football League is unhappy with the takeover of the club by Munto Finance.

Executive chairman Peter Trembling described weekend newspaper reports suggesting otherwise as "laughable".

The Football League issued a statement on Monday saying that discussions with the League Two side regarding their ownership structure were ongoing.

But County say they expect a statement of satisfaction with the takeover to by released by the League on Tuesday.

A Football League spokesman said: "We have received Fit and Proper Persons documentation. Discussions are ongoing with regard to the club's ownership structure."

We've been open with the league throughout

Notts County executive chairman Peter Trembling

Mr Trembling told BBC Radio Nottingham's Matchtalk: "It [the rumour] has no truth in it whatsoever.

"I guess it's different this type of takeover and that's what's causing these spurious stories to come out.

"We've been open with the league throughout.

"We're putting significant funding into a League Two club, which has not happened before and because of that we have to go through perhaps more hoops than any other football club would do."

The Magpies have barely been out of the news since Middle East consortium Munto Finance bought the club during the summer and installed former England manager Sven-Goran Eriksson as director of football.

But mystery surrounds who is actually behind Switzerland-based Munto Finance with Trembling, former commercial director at Everton, fronting the consortium of investors.

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see also
Scudamore defends ownership test
07 Oct 08 |  Premier League
Fit and proper person test
31 Jul 07 |  Premier League
Notts County takeover is approved
20 Oct 09 |  Notts County
Notts County takeover completed
14 Jul 09 |  Notts County

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