Wael Al-Qadi has bought a controlling stake in Dwane Sports from other members of his familyBristol Rovers president Wael Al-Qadi has taken full control of the club, leaving it "substantively debt free". The Jordanian has bought a controlling stake in the League One side's holding company - Dwane Sports - capitalising £34.9m worth of loans. Al-Qadi has also written off £2.1m of interest on the loans, meaning Rovers' only debts are ordinary trade creditors and leasing agreements. As recently as March, Al-Qadi said the club had debts of more than £24m. As part of his takeover, the club's commercial director Tom Gorringe - and media and communications consultant Karim Mardam-Bey - have become board members, with all changes ratified by the English Football League.

Source: BBC June 19, 2020 18:00 UTC