Football

Benham gambles with 35% Brentford investment

Published Add your comment

Football News
24/7

Brentford have received a major cash boost after professional gambler Mark Benham took a 35% stake in the club.

Bees United, the supporters' trust who own more than 60% of the club, have confirmed the paperwork has been completed on a deal which will see Benham invest £1million a year for five years, starting this season.

Benham, a Brentford fan who owns Smartodds Limited, will have operational control of the club but Bees United will continue to hold the majority stake.

Bees United chairman David Merritt said: "I am delighted that we have completed this deal with Matthew which significantly strengthens the club's finances at least until 2014."

In 2014, Bees United can either buy Benham out and repay his loans, or Benham can exercise an option to become a majority shareholder with Bees United becoming a minority stakeholder.

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Football
League One
Brentford

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again