Oldham gets rescued
by: Leslie Bunder - Last updated: 2003-12-17
Three former Londoners, who moved to New York to work in the mobile phone industry have emerged as the new owners of second division football club Oldham Athletic.
The struggling team will be acquired by Simon Corney, Simon Blitz and Daniel Gazal early next year in a deal worth around £5m and the trio intend to not just invest money but also their time.
"We believe that if we put in the hard work, we will turn it round no matter how long it takes," said Corney.
According to reports, Corney will move to Oldham to look after the team on a day-to-day basis while Blitz and Gazal will come over on a regular basis to see how their team is doing.
"We've purchased the land and will now start taking on ideas in terms of what the council want us to do and what the locals want on the site. We hope to use the site to help pay for the long-term running of the club," said Blitz.
"The long term plan is that within 5 years the club must be stable in the first division," he added.
The trio made their fortunes in New York as owners of Cellular Network Communications Group (CNCG) and say they will look to improve the finances of the club as quickly as possible.