Nottingham Forest football club sareholders have rejected a £13m bid from the Sandy Anderson Consortium. Competitor bids have come from Grant Bovey, chief executive of Watershed Pictures, with £20m bid and from Nigel Wray, chairman of Burford with a £15m offer for 80% of the shares.
Meanwhile Coventry City has confirmed it is considering raising money on the stock market. It is estimated the club could be valued at £30m.
- The Daily Telegraph 07/01/97 page 21
- Financial Times 07/01/97 page 16
- The Independent 07/01/97 page 16, page 24
