Yesterday, 11:43
On 7th October 2025, Craig Hemmings, on behalf of the club’s owners, The Hemmings Family, announced that Preston North End (“PNE”) would be actively engaging with international sports organisations, private institutions, and investment funds better geared, both commercially and financially, for maximising the true global potential of PNE. He added that the club will be actively engaging with such organisations or individuals who would be interested in investing in, or owning, a club like PNE.
The club does not ordinarily comment on rumour and speculation, but we note the article on Sky News published on Saturday. Unfortunately, without the full facts, there has already been abuse on social media, targeted at both the PNE Board and the owners. The Hemmings family has already committed to invest a further £6 million (in addition to the £7 million already invested this season) over the remaining four months of the season in support of the most expensively assembled squad in our history as we strive for promotion to the Premier League.
Ian Penrose, Chairman, said: “We have commenced discussions with a number of parties from around the world who have expressed an interest in acquiring Preston North End.
“This process is in its early stages and is ongoing, as we continue to receive new approaches. I can confirm that we have had discussions with the US-born Saudi businessman Amr Zedan, who we respect highly. Mr Zedan is one of a number of successful individuals or organisations that have made enquiries about the club. Specific comments on any approach are inappropriate at this stage.
“This is a complex process that requires many financial, legal and regulatory hurdles to be appropriately satisfied. The Board is being advised throughout this process by Rothschild & Co.
“Whilst such a transaction can take months to conclude, and there is no certainty that a successful outcome will be achieved, it is the Board’s intention to conclude these negotiations at the earliest opportunity. It is of utmost importance that any future owner of Preston North End is the right fit for the football club, in order to maximise the club’s potential and the ambitions of our fans, stakeholders and owners.”
The club does not ordinarily comment on rumour and speculation, but we note the article on Sky News published on Saturday. Unfortunately, without the full facts, there has already been abuse on social media, targeted at both the PNE Board and the owners. The Hemmings family has already committed to invest a further £6 million (in addition to the £7 million already invested this season) over the remaining four months of the season in support of the most expensively assembled squad in our history as we strive for promotion to the Premier League.
Ian Penrose, Chairman, said: “We have commenced discussions with a number of parties from around the world who have expressed an interest in acquiring Preston North End.
“This process is in its early stages and is ongoing, as we continue to receive new approaches. I can confirm that we have had discussions with the US-born Saudi businessman Amr Zedan, who we respect highly. Mr Zedan is one of a number of successful individuals or organisations that have made enquiries about the club. Specific comments on any approach are inappropriate at this stage.
“This is a complex process that requires many financial, legal and regulatory hurdles to be appropriately satisfied. The Board is being advised throughout this process by Rothschild & Co.
“Whilst such a transaction can take months to conclude, and there is no certainty that a successful outcome will be achieved, it is the Board’s intention to conclude these negotiations at the earliest opportunity. It is of utmost importance that any future owner of Preston North End is the right fit for the football club, in order to maximise the club’s potential and the ambitions of our fans, stakeholders and owners.”
Why should a man go to work, if he has the health and strength to stay in bed?