ADAM PEARSON will watch Town at Doncaster still hoping there is room for manoeuvre in his bid for the club.
Owner Ken Davy has emphatically spelled out he is not willing to sell, instead offering a 40% stake and the chairmanship in exchange for investment on the playing side.
The man who rescued Town from the dark days of administration in 2003 has also pledged to match any ongoing investment from Pearson pound for pound on a 60-40 basis should the former Hull chief opt for the partnership.
Davy has set a deadline for talks of next Thursday.
Pearson – who made e-mail contact with Davy yesterday – reiterated that a minority shareholding in the club is not what he’s after. He wants control of the football club with a lease at the stadium and nothing to do with either the stadium company or Giants.
“There is no misunderstanding on this,” said Pearson.
“I have put in an offer to buy Town and that offer still stands because it’s a very generous offer, but it is obviously dependent on achieving a controlling stake in the club.
“Nobody in their right mind would put £3.2m into a company they don’t control, so it’s not even worth considering. To put in that kind of money for a minority shareholding simply wouldn’t be wise in a business sense.
“My offer to buy will remain on the table, it’s an extremely generous offer and if Ken wants to come back to me then he is by all means welcome to do so.”