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Former Doncaster Rovers chairman writes off £4m loan



The association between John Ryan and Doncaster Rovers is now over as the former chairman has given up his take in Rovers and written off the loan owed to him by the club, reports Doncaster Free Press

John Ryan has wiped out the loan

John Ryan has wiped out the loan

Ryan oversaw what he calls the ‘golden decade’ in the club’s history and issued a statement yesterday indicating he has given up his 24 per cent stake in Rovers.

The 64-year-old also revealed that he has written off his loans – believed to be worth in a region of £4m.

“I am very proud of my 15 years as chairman,” said Ryan in a statement.

“First saving the club from oblivion and fulfilling my four promises, namely: returning the football club to the league, building a new stadium, getting to a major cup final and returning the club to the second tier.

“The standout moments for me were beating Leeds United at Wembley, Bristol Rovers at the Millennium and beating Manchester City and Aston Villa before going out to Arsenal on penalties in the League Cup. Brentford wasn’t bad either.

“Four promotions, one cup and one relegation in ten years will always be a golden decade for Rovers.

“I have now handed my shares and loans back to the club I love and know that Terry and Dick will do a splendid job. They have both put considerable amounts of money into the club and it’s now up to the fans to back them to the hilt.”

Doncaster said of Ryan’s departure: “The owners and the board of Doncaster Rovers would like to thank John Ryan for his time, commitment and professionalism in driving this club forward during his reign here which has now come to a close.

“John has made the decision to end his time with the club. We, as a board, are keen for you all to know that John Ryan remains a friend of us all and of Doncaster Rovers Football Club.

Ryan, who made his fortune in cosmetic surgery, took over the club in 1998 when they were a Conference side and oversaw four promotions, a Johnstone’s Paint Trophy win and a return to the second tier for the first time in half a century.

He resigned as chairman in November 2013 after reports of boardroom unrest over a a proposed takeover by Sequentia Capital.

Ryan then teamed with with One Direction star Louis Tomlinson to buy Rovers last summer following relegation from the Championship, but the attempted takeover collapsed at the last minute.

ScoopDragon Football News Network

Article title: Former Doncaster Rovers chairman writes off £4m loan

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