Munto Finance Limited, a specially formed company incorporated in the British Virgin Islands, is planning to purchase Notts County football club from the second football league. By the structure of this investment, no existing shareholders of the club will get shares in this company or the Investment Fund as part of the deal.
Munto Finance, whose owners are from the Middle East, provided a guaranteed undertaking to invest in the club, and a suitable proof of funds to the Board of Notts County and the Board of the Trust. Currently the Notts County Board and Trust Board who represent the shareholders of the club should make investigation and research on the investment porposal. The UK regulated (FSA) merchant bank has advised on the transaction; also, in the opinion of the board, the advisers and the shareholders, due diligence has been done, and the deal has been unanimously recommended.