BARNSLEY, the top dogs of South Yorkshire, have scotched rumours of a potential takeover deal involving an unknown American group.
Reports suggested the Reds had recently held discussions with a mystery American consortium interested in investing in the club.
But director Don Rowing has quashed the speculation and he told The Star: “No-one has approached us regarding a takeover.
“I don’t know of any American takeover consortium and I can’t see there being any truth in that rumour.
“I have not heard anything at all about that and I would put that down as a rumour.”
It promises to be an active summer at Oakwell, with manager Mark Robins intent on restructuring his squad after another year of consolidation in the Championship.
Robins opted to terminate Hugo Colace’s contract on Monday.
The Argentinian midfielder had a year left to run on a deal he signed last July but Robins has decided to let the player go.
“Things didn’t quite work out with Hugo and therefore, by mutual consent, we have decided to cancel his contract,” he said. “We wish him well for the future and I’m sure if he decides to stay in this country he will get another club.
“He was a big asset to the club in 2010 but he has been in and out of the team this year because of injuries.”
Colace was expected to leave Barnsley last summer but he rejected a move to Crystal Palace. The 27-year-old, who arrived on a free transfer from Newell’s Old Boys, made a total of 108 appearances for the Reds, scoring nine goals.
Rowing has also confirmed the club have released Martin Devaney. The winger barely featured in the 2010/11 campaign, making just seven appearances at Barnsley and he also spent a month on loan at Walsall last October.
“It has not happened for Martin for one reason or another,” he said. “He has been here since 2005 and been a good servant but sometimes decisions have to be made at the end of the season that are hard to make.”
Youngsters Conor Branson, Danny Fearnehough and Steven Bennett have also been shown the door.