HUDDERFSIELD GIANTS owner Ken Davy last night made a new offer to settle the controversial Galpharm Stadium shares deal.
He pledged to put the rugby club’s shares in Kirklees Stadium Development Ltd (KSDL) in a charitable trust along with the Huddersfield Town shares in the company.
But he was adamant that the offer was conditional on Town owner Dean Hoyle completing the agreement that the two men agreed in February 2010.
The original basis for running the stadium was that Town would have a 40% stake, the Giants a 20% stake and Kirklees Council a 40% stake.
Kirklees’ stake is unaffected by any deal between the two sports clubs.
Mr Davy’s offer to transfer the shares to the new trust came on the eve of a Galpharm Stadium protest by angry Town fans.
But the Giants owner said he did not want to comment on the planned T-shirt protest at tomorrow’s Brentford match.
However, he did reveal that he had taken no money from KSDL nor the two clubs nor from Huddersfield Sporting Pride – the company he established to take up the shares when he rescued the soccer club from administration.
Mr Davy issued a detailed statement exclusively to the Examiner.
He said: “I have always passionately believed that the Galpharm Stadium is a joint facility which should be run by KSDL for the benefit of, and in a genuine partnership with, the two clubs Huddersfield Town and the Huddersfield Giants and the wider community of Huddersfield and Kirklees.
“During my 16 years of involvement with the Stadium, the last eight and a half years as the majority shareholder in KSDL, I have not taken one penny from KSDL nor have I ever done so from Huddersfield Town, Huddersfield Giants or Huddersfield Sporting Pride.
“This is public information available to anyone who had bothered to look at the accounts before making the many ridiculous allegations which have been made against me.
“Indeed, rather than take money out of KSDL or the clubs I have advanced substantial amounts from my own funds to improve the facilities and services for all users of the stadium, be they Huddersfield Town or Huddersfield Giants supporters or from the wider community.
“Dean Hoyle and I signed an agreement for the transfer of 40% of KSDL shares in February 2010.
“If Dean Hoyle will complete in accordance with that agreement which we both signed, I will be more than happy to transfer the KSDL shares to a charitable trust for the benefit of the supporters and the wider community of Kirklees.
“Furthermore I will also gift all of the KSDL shares previously held by the Huddersfield Giants to the trust.
“The supporters of both clubs and the wider community will then hold all 60% of the KSDL shares and be able work together to create a genuine partnership for the benefit and common good of all concerned.”
THE row over the Huddersfield Town shares even reached Westminster yesterday.
Colne Valley Conservative MP Jason McCartney, called for a debate on the management of football clubs in the Commons.
Mr McCartney, a Huddersfield Town season ticket holder, called for an ‘amicable agreement’ between Town chairman Dean Hoyle and Giants owner Ken Davy.
He made his comments in the House before the statement from Giants owner Ken Davy, proposing a way to settle the dispute.
Mr McCartney said: “Huddersfield Town fans are campaigning for the return of the club’s original 40% share in their home ground, The Galpharm Stadium.
“I hope an amicable agreement can be reached between the respective owners of Huddersfield Town and Huddersfield Giants.
“Can we have a debate on football governance that will not only focus on club ownership but ownership of football grounds and stadia?”
Meanwhile, a former director of the company which runs the Galpharm Stadium has leaped to the defence of Ken Davy. He said Town fans planning protests over the controversial shares issue had not understood the vital role played by Mr Davy.
And he insisted that had it not been for the Huddersfield Giants’ owner, the football club could well have gone out of existence.
The unnamed official said that accusations levelled against Mr Davy over the shares issue were “harmful”.
“Ken Davy was the only chance for Huddersfield Town when it went into administration in 2004 and the supporters have to realise that.”
The man, who spent years as a director of Kirklees Stadium Development Ltd, spoke out on the eve of a protest at the Stadium by Town fans angry that the soccer club has not been able yet to get backs its shares in KSDL.
They plan a T-shirt protest at tomorrow’s game against Brentford.
But the insider said: “There was no time for Ken Davy to think about niceties; the football club had huge debts and his was the only valid bid put on the table.
“The administrators Begbies Traynor said Davy was the only one able to show he had the finances in place to secure the club.
“He bought the shares for just £1, not the £2 used in the current supporters’ protest, and that figure is in the accounts – as is the fact that Ken Davy has made loans to the club over the subsequent years and funded improvements to the Stadium.
“When he took over the soccer club he had to guarantee all the debts and he had to personally settle all the players’ contracts with the Professional Footballer Association, which was a condition of the deal.”