Doncaster Rovers: Sequentia Capital attempt to resurrect takeover

Flashback - November 2006 - John Ryan introduces new directors Terry Bramall and Dick Watson to the Belle Vue crowd.

Flashback - November 2006 - John Ryan introduces new directors Terry Bramall and Dick Watson to the Belle Vue crowd.

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Sequentia Capital attempted to re-ignite their bid to buy Doncaster Rovers at a meeting earlier this week, The Star understands.

The Irish-led consortium, headed up by former Westferry agent Kevin Phelan, remain keen on a takeover despite being knocked back in September.

They are believed to have met with a representative of Rovers’ major shareholders on Tuesday in an attempt to resurrect the deal.

However, Rovers insist they have not received any formal offers since rejecting Sequentia’s original proposal.

Sequentia and Rovers agreed and then both signed heads of terms in June before talks broke down on the eve of the club’s return to the Championship.

The club released a statement in September insisting they would remain in the hands of current major shareholders John Ryan, Terry Bramall and Dick Watson.

Rovers chief executive Gavin Baldwin then said last month that the bid had been rejected on the grounds that there was not information provided to make a judgement - although the door appeared to be left open for an improved offer.

Sequentia’s proposed buy-out was publicly backed by Rovers chairman John Ryan.

Recent results on the pitch and a serious injury to skipper Rob Jones are likely to have only enhanced Ryan’s keenness to do a deal.

Baldwin said in a statement this week: “We have not received any formal response from any group interested in investing in Doncaster Rovers.

“If and when we do, the board will consider each offer on its merit.”