GIANTS chairman Ken Davy last night hit back at a leading Huddersfield Town fan who accused him of delaying a key deal.

The businessman broke his public silence about the two-year dispute in an email yesterday.

Town originally had a 40% stake in Kirklees Stadium Development Limited (KSDL) which runs the Galpharm.

Kirklees Council holds another 40% and the Giants had 20%.

But Mr Davy changed the arrangement in 2005, two years after taking control of crisis-hit Town.

He transferred the football club’s stake to his company Huddersfield Sporting Pride, saying the move was necessary to protect the Terriers from the stadium’s debts.

Mr Davy agreed to transfer the shares back to the football club as part of the deal which saw Dean Hoyle take over as Town chairman in 2009.

But the deal is yet to go through – leading to a fans’ boycott of catering at last night’s match against Carlisle.

Marcus Middleton, former chairman of Huddersfield Town Supporters Association, challenged Mr Davy about the deadlock in a series of emails this week.

The fan accused the Giants chairman of wanting to change the so-called “15/13 split” which governs how much rent the rugby club pays.

Mr Middleton wrote: “You say you wanted to complete the deal. It is common knowledge that Dean Hoyle wanted the shares. So why did it fail, Ken?

“Come clean and let everyone know your side of the story.

“Did you, as the rumours say, seek to change the rental formula – from the 15/13 split – that you have continually stated was set in stone?”

Mr Davy yesterday denied the delay was related to the Giants’ rental bill.

In an email to Mr Middleton, he wrote: “It is self-evident from your question that the rental/service charge formulae was in no way connected to the agreement Dean and I reached for the transfer of the shares and I can also confirm that there has never been any agreement to adopt a different formulae to that which is in the Collaboration Agreement.

“This ensures that each club pays the same amount for every supporter that attends matches, excluding cup games.

“To assist the football club’s recovery from administration in 2003 and as a temporary measure, I voluntarily opted to have the Giants paying for two matches more than they actually played which meant that the Giants were paying a higher amount for each supporter who attended a match than Town.

“This has now ceased and both clubs pay exactly the same amount for each attendee.

“Quite simply, as far as the agreement Dean and I reached for the transfer of the 40 KSDL shares, this is a complete red herring and it saddens me that, from what you say, supporters and others are being misled as to the reality of the situation.”

Meanwhile, some fans last night boycotted Galpharm catering to try to force an end to the shares deadlock.

Huddersfield Town Supporters Association chairman Stephen King, told the Examiner yesterday that he wanted to hit KSDL in the pocket.

“When you buy a pie and a pint at the stadium, Town don’t see any of it, the money goes to KSDL,” he said.

“We’re trying to hit their income streams to show how concerned we are.

“We’re not asking for a boycott of matchday programmes because that money goes to the club.”

Mr King hopes the boycott will force KSDL to reveal more about negotiations on the share transfer.

“We want to know what is causing the delay and which of the individuals involved is holding things up,” he said.

Around 10 supporters association members handed out flyers about the boycott at last night’s match.

Mr King said he hoped the leafleting would raise awareness of the share transfer delay.

“We also handed out flyers at the Boxing Day game and a lot of fans were really shocked. They thought the shares had gone back to Town,” he said.

“I think it’s important that as many as people as possible know what’s going on.”

KSDL could not be reached for comment yesterday.