HUDDERSFIELD Town and Giants chairman Ken Davy today gave more details of a shares transfer involving the two clubs.
And he stressed that the move would further secure the financial future of the two clubs.
Mr Davy announced earlier this week that Town and the Giants had transferred their shares in the company running the Galpharm Stadium.
Those shares have now been moved to a new company, Huddersfield Sporting Pride Ltd.
That name already features at the Town and Giants' souvenir shop in Cloth Hall Street.
Mr Davy said the transfer would shield both clubs from any cash risk carried by the stadium company, KSDL, which has debts exceeding £8m.
It means, for instance, that the clubs bear none of the costs of improvements to the stadium.
Mr Davy said directors had been determined that the two clubs were never again put at financial risk - following the near-extinction of Town two years ago.
He added: "Part of that `de-risking' process has been to transfer the clubs' shares in KSDL to a separate company, so that if in future the stadium company requires extra funds, those calls would not fall on the clubs.
"It is all about ensuring the security of the clubs."
Mr Davy said the move "de-coupled" the clubs from the stadium operation, adding: "In the end, this will be of benefit to all concerned.
"KSDL will be free to make decisions about developing facilities for all users of the stadium and the clubs will be able to plan their own futures in a way that suits them."