Sequentia set for investment talks with Doncaster owners

A deal involving Sequentia, supported by a wealthy Belize-based tycoon, was rejected by the club early last month, following hot on the heels of a second group potentially interested in taking over withdrawing their offer.

Despite seeing their offer rebuffed, Sequentia – whose bid is supported by chairman John Ryan – stated they had not closed the door on purchasing Rovers, if circumstances changed and remain keen to do a deal.

They have remained largely in the background since, although Sequentia did agree a deal last month to purchase a small club shareholding – buying around 1.3 per cent of the club’s shares from former chairman Trevor Milton and ex-director Michael Garrity.

A meeting involving Sequentia and a representative of the club’s majority shareholders of Ryan, Terry Bramall and Dick Watson is understood to be taking place today, amid speculation that a revised deal may be on the cards.

But Rovers insist they have not heard officially from Sequentia or from any other potential investors in the club.

Chief executive Gavin Baldwin said: “We have not received any formal response from any group interested in investing in Doncaster Rovers.

“If and when we do, the board will consider each offer on its merit.”

Sequentia’s representative Kevin Phelan was first approached by Ryan back in June, with the Rovers supremo keen to bring in new investment to the club following promotion to the Championship.

Sequentia subsequently agreed to invest in Rovers and expressed a firm desire to take over with a heads of terms agreement signed by both parties at the end of June this year.

The consortium pledged to spend upwards of £20m to help the club achieve their Premier League dream – if their bid was successful and approved by the club’s majority shareholders.

But a boardroom split ensured that the Sequentia deal was not accepted.