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Wycombe takeover agreed

The takeover of League One side Wycombe Wanderers by American lawyer Rob Couhig is set to go ahead after members of the club's Trust voted to sell a 75% stake in the club to him. More than three-quarters of members needed to approve Couhig's bid for his firm Feliciana EFL Ltd to take over.

Couhig's company will invest £2.2m to settle Wanderers' existing debts and make an additional £1m available. They will also fund a new 15-year lease on Adams Park at £150,000 a year.

Under the deal, two directors will remain on the club's board from the Wycombe Wanderers Trust.

Couhig was involved in a takeover bid for Yeovil Town, but pulled out after they were relegated to the National League.

The more general point that arises here is how far fans running a club offers a sustainable solution to the challenges facing football. Most clubs run at a loss or, if they are put on a very tight budget, they are unlikely to succeed on the pitch. But fans collectively cannot cover continuing losses.

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