Sport
Rochdale AFC have revealed their preferred investor as takeover talks continue
The threat of liquidation is still looming large over the local outfit.
Danny Jones -
26th March 2024 
Rochdale AFC have this week revealed their “preferred investor” as they look for someone to take over the Greater Manchester club.
Having been relegated from the EFL after 102 years in May 2023 and with their financial struggles worsening in 2024, the National League side has now named local businessman Sir Peter Ogden as the man they hope will complete a full buyout.
It was only last month that club chairman Simon Gauge confirmed The Dale needed a “£2 million cash injection” and now the period of exclusivity with World Soccer Holdings LLC – the Texas-based company that initially saved them from liquidation – they are now hoping the Rochdale-born and bred will swoop in.
Ogden is one of the founders of Computacenter, one of the UK’s largest computer businesses and also founded a trust of the same name along with his wife, Lady Catherine Ogden, with both still playing a key role in the local community, as well as physics and education.
Although World Soccer Holdings have now submitted an official letter of intent of their own as they hope to make their control permanent, the Ogden family have now shared a lengthy statement detailing how they hope to bolster the club should the takeover go ahead.
“We are a family with strong Rochdale roots… Our charity, the Ogden Trust, which primarily supports the teaching and learning of physics in under-represented groups, has various ongoing initiatives in Rochdale schools.”
“We were made aware of the Club’s difficulties in recent weeks, and we held constructive initial meetings with the Club and the Dale Supporters Trust. We have since been monitoring the situation while the Club has been in exclusive discussions with WSH LLC. We were informed that the exclusivity period has expired and have since stepped up our discussions and diligence efforts.”
It goes on to describe the team and the Rochdale AFC Community Trust as “assets of immense value which need to survive”, insisting that they intend to make a full offer once they have carried out their due diligence and “all stakeholders have sufficient chance to review and consider our proposal.”
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Acknowledging that time is not on their side, the potential investors have also confirmed that emergency funds have been released to Rochdale to allow them to continue operating over the next month or so as they prepare an official investment offer before the end of the season.
The statement also assures that this period will allow them to formulate long-term plans for both the first team and academy operations, signing off by insisting they will be keeping “the interests of the community at heart.”
As for WSH, they have previously assured they want to properly invest in the club, reiterating in their letter of intent: “We could not let 100 years of history go to waste, and we believe we can work together to elevate the Dale back to its previous heights and beyond.”
With Gauge having already warned that internal finances are unlikely to last much longer, a decision will have to be made soon.
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Featured Images — Peter Hughes (via Flickr)/Rochdale AFC
