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Change in ownership at Lincoln City triggers EFL change of control process

PR

PR | Rob Fowler is set to become chairman of the League One side as part of Liquid Investments’ bid to become the controlling shareholder.

The Recap

Lincoln City are undergoing the EFL’s change of control process following an agreement in principle with Liquid Investments Inc.

Data Insight

Liquid Investments plans to raise its stake above 25 per cent, triggering regulatory approval and a potential change in chairmanship.

Why It Matters

New ownership would bring additional funding capacity as Lincoln push for promotion and manage sustained League One losses.

The Perspective

The move reflects continued investor interest in EFL clubs positioned for Championship progression despite structural profitability challenges.

14 January 2026 - 5:41 PM

By Jacob Espensen, Editor, Off The Pitch

Lincoln City FC are undergoing the EFL’s change of control process following an agreement in principle that will see Liquid Investments Inc. become the club’s controlling shareholder, with Ron Fowler set to assume the role of chairman. The development coincides with the publication of the club’s financial results for the 2024/25 season.

On the pitch, Lincoln City are enjoying a strong campaign, sitting second in League One and pushing for pro

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