Latest news with #TimFoley
Yahoo
13-05-2025
- Business
- Yahoo
American firm in talks to buy Colchester United cryptically updates its website
THE American investors that are on the cusp of possibly taking over Colchester United have updated their website. Colchester United chairman Robbie Cowling confirmed last week he is in advanced talks to sell the club to United States-based consortium, Lightwell Sports Group. In the statement, it was revealed that Lightwell Sports Group is owned by American businessman, Tim Foley. There is not much information about the group online except a website which has a 2025 copyright. Lightwell Sports Group has now updated the website to include an unseen video that was recorded at Colchester's home match against Morecambe on January 25. Colchester United won 1–0 and there was an attendance of 4,328 football fans on the day. In the footage, you can supporters at the fan shop at the JobServe Community Stadium, players on the pitch, the crowd, and moments from the match. Mr Foley's LinkedIn profile states he is the owner of Lightwell Development, a New York based property development firm which built more than 100 apartments last year. He has previously worked for the United World Wresting group as a senior manager of media operations. Colchester Council issued an update after it was understood from a credible source that the deal does not include the sale of the JobServe Community Stadium, which is owned by the authority.
ITV News
07-05-2025
- Business
- ITV News
League Two club Colchester United in takeover talks with US consortium Lightwell Sports Group
League Two Colchester United are in advanced discussions to be taken over by a US consortium, the club's chairman has confirmed. Robbie Cowling, who has owned the club since August 2006, said he was in talks with Lightwell Sports Group led by businessman Tim Foley. In a statement on the club's website, Cowling said he was "close to finalising a deal to pass ownership to a US-based consortium". He said: "These discussions have been ongoing for some time, during which time I have grown to believe that the prospective new owners not only share my passion, and respect for the community, but are much better placed than I am to take Colchester United forward. "It has been an incredible journey, and I remain committed to ensuring a smooth transition that secures the best possible future for the club, its supporters, and everyone connected with Colchester United. "I will provide further updates as soon as I am able to." Lightwell Sports Group is owned by Tim Foley, an American businessman who also owns a company called Lightwell Development. He has been the owner since 2020 having previously work for United World Wrestling. League Two side Colchester recently missed out on a play-off spot after drawing to Barrow on Saturday.
Yahoo
06-05-2025
- Business
- Yahoo
US consortium in talks to take over Colchester
US consortium in talks to take over Colchester Colchester United are in advanced takeover talks with a US consortium, headed by businessman Tim Foley. In a short statement, chairman Robbie Cowling, who has owned the League Two club since 2006, confirmed talks are ongoing with the Lightwell Sports Group. "After nearly two decades at the helm of this wonderful football club, I can confirm that I am relatively close to finalising a deal to pass ownership to a US-based consortium led by Tim Foley," he said. "These discussions have been ongoing for some time, during which time I have grown to believe that the prospective new owners not only share my passion, and respect for the community, but are much better placed than I am to take Colchester United forward." More follows. More to follow.
BBC News
06-05-2025
- Business
- BBC News
Colchester United in takeover talks with US-based consortium
Colchester United are in advanced takeover talks with a US consortium, headed by businessman Tim Foley. In a short statement, chairman Robbie Cowling, who has owned the League Two club since 2006, confirmed talks are ongoing with the Lightwell Sports Group. "After nearly two decades at the helm of this wonderful football club, I can confirm that I am relatively close to finalising a deal to pass ownership to a US-based consortium led by Tim Foley," he said. "These discussions have been ongoing for some time, during which time I have grown to believe that the prospective new owners not only share my passion, and respect for the community, but are much better placed than I am to take Colchester United forward." More follows.
