|Another takeover bid for an English football club is starting to hit the news. This time it is Cypriot brothers Halil and Husnu Falyali who are looking to buy Fulham Football Club, in a potential deal estimated to be worth £100 million. The two business men own a land based hotel casino in their native Cyprus, as well as an online gambling company and a construction firm.|
Negotiations have been halted however, since news of the Falyali’s interest in the club hit the news. Currently the club is owned by Mohammed Al Fayed, with the brothers claiming they have already taken part in discussions with both him and the financial director of the club. Representatives of the club however have issued statements contradicting this, saying that there are currently no plans to sell Fulham FC.
Despite this confusion regarding negotiations, the Falyali’s maintain that they remain interested in club and met Al Fayed’s asking price of £110 million with an initial offer of £85 million. They are now halting proceedings to escape the media attention, claiming that they do not want to adversely affect other business interests of theirs with the press coverage of this possible venture. Whatever develops in this matter, it is at this stage another example of a crossover of interests between sports and gambling. The close relationship between the two fields no doubt makes perfect sense for owners of gambling interests to diversify into the sporting arena. Recent information involving the intended Manchester United FC takeover, motivated by its estimated potential in the realm of online gambling, is the other current example of the crossover of interests for businessmen.