Oxford City boss considers bid for stadium

Thomas Guerriero

Thomas Guerriero

First published in Football

OXFORD City president Thomas Guerriero has said he’s interested in buying Oxford Stadium.

The American businessman says he wants to protect the Blackbird Leys stadium from development and continue using it for speedway and greyhound racing.

Mr Guerriero said: “Speedway and greyhound racing are great revenue producers and people love them. It’s definitely something we can see ourselves getting involved with.

"It’s no good to anyone sitting there idly and rotting away, but it’s definitely a place where I can envisage doing something extraordinary if given the opportunity.

“Putting homes there would be a disservice to the city of Oxford seeing as it’s already structured perfectly as a speedway track. It could be a bedrock of the city of Oxford for the next 50 to 100 years.”

Greyhound racing at the stadium stopped in December 2012 when the Greyhound Racing Association (GRA), said it was no longer financially viable. Since then, developer Galliard has submitted a planning application to build 220 homes on the site.

Mr Guerriero, who owns or has stakes in the Oxford City football, basketball and futsal teams, has already said he wants to be involved with more sports clubs in the city.

He believes he has the financial nous to transform Oxford Stadium as a national centrepiece for speedway and greyhound racing and suggested his other sports teams could move into the ground.

The Wall Street financier said: “Obviously the speedway and the racing track goes around the pitch so it could be a potential additional facility.

“It’s a big business in the United States so it’s an interest I have personally. We’re very serious in having that facility as a big part of Oxford City and making it a place for families to have a great day out.

“Not everyone will like football or basketball so we want to reach out to a different demographic.”

Mr Guerriero said he had the money to buy it, but would also be interested in forming a business partnership with other interested parties.

He added: “I’ve been reaching out to the powers that be to show my serious interest in sitting down with them to put something in place.

“There are a lot of people out there who can write a cheque, but it doesn’t mean they are a good business person who can make a profit.”

Campaigner Mick Wheble, the stadium’s general, racing and promotions manager for 30 years, said: “It’s a wonderful idea. Someone involved in sport taking over the stadium would be marvellous.”

Last month, millionaire racing track promoter Harry Findlay pulled out of the running to buy the stadium.

Steventon farmer Robert Tyrrall and Nick Budimir have made two offers to buy it. Mr Budimir, a friend of football manager Harry Redknapp, said: “We’d be interested in speaking to anyone.”

GRA Acquisition Limited owns Oxford Stadium. Galliard Homes is a partner company. Donagh O’Sullivan, director of GRA Acquisition Limited, said he had met two other interested parties but neither led to a serious bid. He added that he would happily sit down with other bidders.

Comments (7)

Please log in to enable comment sorting

9:12am Mon 31 Mar 14

Zoon_Politikon says...

To be used once again as a facility for social and sports events is fine bar greyhound racing: greyhounds getting smashed up in the name of entertainment has no place in 21st century Britain.
To be used once again as a facility for social and sports events is fine bar greyhound racing: greyhounds getting smashed up in the name of entertainment has no place in 21st century Britain. Zoon_Politikon
  • Score: 1

12:11pm Mon 31 Mar 14

yabbadabbadoo256 says...

He will pull it down and build a football stadia there mark my words..
He will pull it down and build a football stadia there mark my words.. yabbadabbadoo256
  • Score: 1

4:05pm Mon 31 Mar 14

monkeynews says...

yabbadabbadoo256 wrote:
He will pull it down and build a football stadia there mark my words..
Highly doubtful, this chappy is a known scam merchant within the United States who's only accolades & wealth are his own fabrication, unfortunately his high opinion of himself & use of fancy wording is being printed on a weekly basis by the OM
[quote][p][bold]yabbadabbadoo256[/bold] wrote: He will pull it down and build a football stadia there mark my words..[/p][/quote]Highly doubtful, this chappy is a known scam merchant within the United States who's only accolades & wealth are his own fabrication, unfortunately his high opinion of himself & use of fancy wording is being printed on a weekly basis by the OM monkeynews
  • Score: 4

5:05pm Mon 31 Mar 14

jamiek says...

Why dont Oxford Utd buy it?
Why dont Oxford Utd buy it? jamiek
  • Score: 2

7:08pm Mon 31 Mar 14

Captain Yellow says...

With what will he buy the stadium? Have the Oxford Mail got round to actually looking at his company accounts yet?

He says he has the money to buy it. I say prove it.
With what will he buy the stadium? Have the Oxford Mail got round to actually looking at his company accounts yet? He says he has the money to buy it. I say prove it. Captain Yellow
  • Score: 4

8:36pm Mon 31 Mar 14

EMacb says...

The company accounts are publicly available, here:

http://www.sec.gov/A
rchives/edgar/data/1
414295/0001255294140
00077/mainbody.htm
The company accounts are publicly available, here: http://www.sec.gov/A rchives/edgar/data/1 414295/0001255294140 00077/mainbody.htm EMacb
  • Score: 1

9:17pm Mon 31 Mar 14

EMBOX2 says...

Can't this guy just foxtrot oscar back to the USA?

Why on earth is anyone doing business with this man? Has no-one read
wmxscam dot blogspot dot co dot uk

Wise up, OCFC...and get rid
Can't this guy just foxtrot oscar back to the USA? Why on earth is anyone doing business with this man? Has no-one read wmxscam dot blogspot dot co dot uk Wise up, OCFC...and get rid EMBOX2
  • Score: 4

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree