Updated: Sunday, 18th November 2018 @ 8:20am

No deal! Oldham Athletic insist controversial businessman Stephen Vaughan will not be buying club

No deal! Oldham Athletic insist controversial businessman Stephen Vaughan will not be buying club

By Matthew Lees

Oldham Athletic have confirmed the club will not be sold to controversial businessman Stephen Vaughan despite rumours gathering pace about a possible takeover deal.

BBC Radio Manchester reported on Monday that a consortium fronted by the former Chester City owner Vaughan was keen to take over Latics after months of negotiations.

With fans worried about the potential takeover by the first person to fail the FA’s ‘fit and proper person test’ in 2009, club director Barry Owen dampened speculation after talks with chairman Simon Corney.

"The club is currently in the final stages of developing the new North Stand and I am sure Simon is fully focused on this particular project,” Owen told Latics Player.

"I am aware that the club staff have been assured their jobs are safe and no takeover will occur to the Vaughan consortium.

"I am somewhat confused at this stage as to why they have decided that publicity would benefit their cause.”

Vaughan, 51, took over Chester in 2001 but nine years later were expelled from the Conference and went into liquidation.

He also owned Barrow AFC in the mid-90s and also had a spell as chairman of rugby league team Widnes Vikings.

Even though Corney is currently seeking more investment for Oldham, Vaughan – banned from holding a role as a company director until 2020 – failed to meet the criteria.

"The chairman has never made any secrecy of the fact the club is for sale,” added Mr Owen.

"However, it has always been a stipulation that any sale would have to be in the best interests of Oldham Athletic Football Club.

"This demonstrates his passion and love for the club and, from a personal point of view, it is unfortunate people want to second guess his intentions.

"We look forward to progressing with our new projects and to the start of the new season."

Corney purchased the club in 2004 along with Simon Blitz and Danny Gazal and has remained at the club despite their departure three years ago.

Picture courtesy of Roger May, via YouTube, with thanks

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