KEN DAVY today offered Adam Pearson a partnership in Town to help take the club forward.
The owner is also prepared for the former Hull City chief to become chairman at the Galpharm – but he is not willing to sell the whole club.
Pearson – a lifelong fan – has tabled an offer to take control of the League I outfit which Davy has run since rescuing them from administration in 2003.
Two weeks on from Pearson’s initial interest being made public, Davy said today: “I am offering Adam Pearson a partnership so we can take Town forward together.
“This would enable us to use our joint resources to hopefully take the club to the next level.
“I will be happy to continue funding the major proportion of the club going forward and happy, as part of the partnership, for Adam Pearson as a declared supporter of Huddersfield Town to have the chance to become chairman.
“What would be required would be for Adam to buy a block of shares and to match the funding – meaning the indefinite interest-free loans which have been put into Town by myself and the Giants – over the last four years.”
Davy would not give figures, but it’s believed about £1.7m has been put into Town since he took charge.
“This proposal is not to replace my funding, it is to enable the new money to be focused in continuing to develop the club, including the playing side,” added Davy.
“It’s simply a matter of matching the indefinite interest-free loans which have already been put in.
“The funding the club has had so far has enabled us to repay debts, rebuild the club and to gain promotion.
“But I would be happy to give Adam Pearson, as chairman, my full support so that he can take the club to the next level.”
Davy stressed that Pearson’s offer to buy the club lock, stock and barrel has been rejected. He would not indicate what percentage of the club he was willing to sell.
“It’s a chance to combine resources and take the club forward, but I am not selling the whole club,” he said.
“Apart from my belief that this will be good for the club and good for the town, it will also kill once and for all the ridiculous suggestions that Town are subsidising the Giants. The reality is I am subsidising both clubs.”
Town Reserves lost 3-0 last night at Coventry (see Page 45).