herald

Wednesday 23 August 2017

Gibson rejects £50m offer for stake in Boro

Steve Gibson
Steve Gibson

Steve Gibson has no intention of selling Middlesbrough after rejecting a £50million offer for a stake in the club.

Press Association Sport understands Gibson, who steered Boro back from the brink of financial ruin in 1986, is not interested ether in a full sale or a partnership, but is open to potential new commercial avenues.

Sources on Teesside have confirmed that the owner and consultant Peter Kenyon met Chinese businessman Chien Lee, whose OGC Nice Investment Group Ltd owns French club Nice, and associates in October.

Subsequently, an offer amounting to around £50million was made for a 50 per cent stake in the club, although it was swiftly rejected.

However, the two parties could yet work together as Gibson attempts to increase Boro's global profile.

The 59-year-old local businessman joined the club's board at the age of just 26 and led it through liquidation in 1986 before reluctantly taking on the role of chairman eight years later. Gibson built the Riverside Stadium and and later presided over the 2004 Carling Cup success, the club's first major trophy.

More recently, he has backed head coach Aitor Karanka to enable him to end Boro's seven-year Premier League exile.

Promoted articles

Entertainment News