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Notts County reveal mystery buyers

County, widely acknowledged as the oldest professional club in the world having been founded in 1862, were taken over by a consortium known as QADBAK Investments in the summer and have installed former England manager Sven-Goran Eriksson as their director of football.

The Football League has been investigating the ownership of the club, which remained cloudy, with even their chief executive saying he did not know the identity of all the investors.

On Sunday though County issued a statement revealing that the Middle-East based Shafi family and the Hyat family, "both highly respected and very successful members of the business world in the Middle East, Asia, North America and Europe" were key members of the trust that owns the club.

Anwar Shafi said: "I can confirm that the families have a significant holding in QADBAK and are very pleased with the diversified range of assets we have invested in. But we are a private business and do not wish to comment any further."

A Notts County spokesman said: "Until now we have tried to respect the wish for privacy of our investors. But the confusion and misplaced allegations of the last few days have forced us to ask them to reveal themselves.

"Despite giving the Football League every possible answer and information well beyond any legal obligation they have yet to publicly confirm their approval. We hope today's statement will speed that process considerably."