Not everyone will like football or basketball so we want to reach out to a different demographic.
Deerfield Beach, FL (PRWEB) March 31, 2014
As Dan Robinson reports from The Oxford Mail on March 31st, Oxford City (OTCQB:OXFC) 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 footbal 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.
About Oxford City (Stock Symbol:OXFC)
Oxford City is a diversified holding company, which controls four portfolios.
The First Portfolio (OXFC Sports Portfolio)
The OXFC Sports Portfolio have a controlling interest is the largest publicly traded diversified portfolio of professional sports teams in the world. Oxford City's portfolio contains a 132-year-old professional football club Oxford City FC, which plays in the Conference North Division of the English Football Association. They also own Oxford City Nomads, which plays in the Hellenic League Premier Division of the English Football Association. Oxford City owns Oxford City Futsal, which plays at the highest level of Futsal in England and has one of the best teams in the UK. Most recently the company has acquired Oxford City Basketball, which plays their games in the EBL, English Basketball League.
The Second Portfolio (OXFC Academic Portfolio)
The OXFC Academic Portfolio owns a diversified portfolio of academic institutions. OXFC owns Oxford City Sports College in Oxford and CIT University in the United States, which expects to have its first brick and mortar campus in the United States in South Florida in the near future to strategically put the University in a tremendous position for the future.
The Third Portfolio (OXFC Media & Entertainment Portfolio)
The OXFC Media & Entertainment Portfolio owns a diversified portfolio of media & entertainment companies. OXFC owns Oxford City Broadcasting Network (http://www.oxfordcitybroadcasting.com) which is broadcasted on 740 AM in Florida which reaches from Miami, Florida to Jupiter Florida. OXFC has acquired 1882.tv which will become the global television platform for the company and their interests. Oxford City's 24 hour television programming which will broadcasted around the world will feature the live radio show "The Oxford City Financial Report", cover all of Oxford City's professional sports teams, and provide continuously programming.
The Fourth Portfolio (OXFC Real Estate & Property Management Portfolio)
The OXFC Real Estate & Property Management Portfolio controls a diversified portfolio of real estate including Oxford City Stadium, Oxford City Indoor Arena, and the Oxford City 3G Training Facility. OXFC benefits from these facilities both in usage and in rental income.
About Thomas Anthony Guerriero
Oxford City (OTCQB:OXFC) is led by their CEO Thomas Anthony Guerriero. Mr. Guerriero is known for being one of the most influential and powerful entrepreneurs in the world today. He is a world renowned value investor, published author, diplomatic advisor on economic and fiscal policy. Mr. Guerriero holds a Masters Degree from Harvard University, holds two Graduate Certificates from Boston University & University of Notre Dame, and has two BA degrees from Fairleigh Dickinson University & Thomas Edison State. He has held several professional licenses over the course of his career Series 7, Series 63, Series 66, Series 24 licenses. Always looking for a challenge Mr. Guerriero is a former professional soccer player, climbed two of the seven summits, been featured in a major motion picture with Oliver Stone, and has been featured on television and media around the world.
Mr. Guerriero was the youngest Senior Vice President at First Union in their 90 year history. As one of the leaders at First Union he established his reputation for being one of the most driven individuals ever to hit Wall Street, known for his relentless work ethic, accompanied with the ability to execute tremendous achievements both individual and with his executive team. His efforts contributed significantly towards First Union’s assets eclipsing $400 Billion, leading towards their acquisition by Wachovia in the biggest banking acquisition in banking history at the time.
After First Union Mr. Guerriero was highly recruited by some of the largest firms in the world due to his expertise. Ultimately he made history by accepting the position of CEO of TAA, making him one of the youngest ever to lead a member firm. Implementing his expertise in Economics and Finance he was able to lead TAA to being acquired by High Point Capital, taking part in the second successful acquisition in his career.
Guerriero a renowned published author with “How to Understand and Master the Stock Market”, How to Understand And Master Securities Laws & Regulations”, “Plan For Crisis”, and “Military Involvement and Trade Treaties: Exploring the Differences in Military Involvement of the United States in Foreign Countries, Post-Trade Treaty” took this expertise to the helm of Global Wealth, accepting the position of CEO. Again for the third time in his career he was successful in growing this company to have a global presence having offices domestically throughout the US and around the world. This led to Global Wealth eventually being acquired, proving his unique methodologies in growing organizations are tremendous.
A former professional athlete himself, Guerriero has always had the passion to become an owner of a professional sports team. This passion led him to becoming the owner of an NBA D League team with his partner Mike Savitt with the Springfield Armor of the NBA D League (Brooklyn Nets Affiliate). In his first season as owner they had the biggest turn around in the history of the NBA D League and eventually winning the Eastern Conference Championship for the first time in their history. This success made his vision even more clear on the aspirations to achieve something unique in professional sports and in business. This vision was to create a portfolio of the two core foundational interests he had, Sports & Education. This is the seed that has grown into his diversified holding company known as Oxford City.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "plan," "expect," or similar expressions and are subject to numerous known and unknown risks and uncertainties. These risks and uncertainties could cause the Company's actual results to differ materially those indicated in the forward-looking statements. Investors are encouraged to carefully review regulatory filings prior to investment consideration. Past performance is no guarantee of future success or that there cannot be losses or business interruption. The Company is in a rapid growth sector that may or may not continue to grow in the future and therefore poses risks that may be different than other investments. Management regularly provides news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstance change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply with all applicable laws.