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Club News

Club Update: Takeover Speculation

1 April 2022

There has recently been public speculation with regard to the future ownership of Preston North End Football Club.

Since the untimely death of Mr Hemmings last October there have been a number of enquiries with regard to a potential change in the ownership of the club.

In February, an acceptable offer was received from one interested party and a period of exclusivity and confidentiality was entered into. This was to enable due diligence on the club to be done and all the required approvals for change of ownership of the club to be sought from the EFL by the potential buyer. This exclusivity period has now ended.

To date there has not been a confirmed offer at the previously agreed price made to the owners. Neither has there been any of the required submissions made to the EFL for consent to a change of ownership.

As of today we are not engaged with any party.

The Hemmings family have been dedicated owners of PNE for many years and remain committed to the future management and funding of the Club.

Speculation at any time can be distracting not just for the manager and players but for all employees of the football club. Therefore we are sure that following this statement everyone will get behind Ryan Lowe and the team as we enter the last eight games of the season.

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