Tranmere Rovers sold to Mark Palios and wife Nicola

12 August 2014 |
Former FA chief executive Mark Palios and his wife Nicola have struck a deal to buy English soccer side Tranmere Rovers.

The couple have reached an agreement to acquire a controlling interest in the League Two club from its current owner Peter Johnson for an undisclosed sum.

Mark Palios, a former Rovers player, becomes the club’s new executive chairman while Nicola, a commercial lawyer, will serve as vice-chairman. Johnson, meanwhile, will remain a shareholder, director and become the club’s honorary president.

Johnson, who rescued the club from administration in 1987, said: “I have been looking for a safe pair of hands to ensure the club’s future. In Mark and Nicola I have found that.

“As a local lad who played for the club, and a former chief executive of the FA with a successful commercial track record, Mark is uniquely placed to help lead Tranmere to a bright future. Nicola is an accomplished lawyer and businesswoman.

“Between them, they have the passion and the experience to take the Club forward and I am looking forward to working on the board with them. Finding this mix of football and business skills is highly unusual."

Mark Palios served as the FA’s chief executive for a brief time during 2003 and 2004. He is currently a non-executive director for the British Judo Association and a member of the Audit Risk and Governance Committee at Surrey County Cricket Club.

Nicola also has a history in sport, as a non-executive director of British Rowing.

In a statement to Rovers fans, Mark Palios said: “We are both aware of what a privilege it is to have the opportunity to become involved with this club, but it is important that we pay tribute to the support that Peter Johnson has given over many years.

“All Tranmere fans are well aware of his massive contribution to the club, a support that is ongoing, and in order to mark his dedication and support we will be consulting with our fans on the best way to do that.

“There is a big job to be done to get the club back in the higher divisions and get the facilities back up to scratch. In the coming weeks and months we will share with you our plans on how we intend to make it happen.”

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