Sunday, May 07, 2006

Gíslason: Norwegians can still bid for Stoke City

The Icelandic owners of Stoke City Stoke Holding SA have agreed in principal to sell the club to former owner, millionaire Peter Coates. However the door is still open for the reported Norwegian consortium to make a bid for the club, reports Icelandic newspaper Morgunblaðið.

Stoke City chairman Gunnar Gíslason says the sale to Coates has been agreed in principal but there are few loose ends to sort out. The deal is expected to be sorted in the next couple of weeks and Gíslason has a tinge of sadness as he plots the sale of the club he has run for the past seven years.

"We have been at the helm for seven years and every season we've bettered the club financially as well improving the playing side. We wanted to bail out before we became unable to take the club further," said Gíslason.

Gunnar said the reported Norwegian consortium had not submitted a formal offer as such but the consortium still had the opportunity to make an offer for the club.

"The British way of doing business is slighlty different than in other countries, no deal is done and dusted until the dotted line has been signed by those involved," concluded Gíslason.


At 7/5/06, Anonymous Anonymous said...


Let this happen!!


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