TODAY we return to a topic that was aired both here and in the national press earlier this year, following the handover of Huddersfield Town from previous owner, Ken Davy, to the current owner, Dean Hoyle.
Namely, the future of the 40% shareholding in the Galpharm stadium, originally held by the club but transferred to a holding company by Mr Davy. This is still the case today.
However, the Town Supporters Association have not been idle in pursuing the matter and have requested relevant details from Kirklees Council, under the Freedom of Information Act.
Specifically: “All theŠinformation that Kirklees Council haveŠat their disposalŠregarding Huddersfield Town, Kirklees Stadium Development Limited and Kirklees Council’s involvementŠrelatingŠto theŠtransfer from Huddersfield Town Football Club of the Galpharm Stadium shares, the stadium partnership,Šstadium ownership,Šor stadium development from January 2003 to present.”
It should also be noted that no details have been received as yet, despite the fact that the date has passed by which a reply is due. The next step could be a report to the Freedom of Information Commission.
There are other questions to raise, too.
If Kirklees Council was prepared to see the club liquidated in 2003 (when the ultimate route was Administration) in order to protect Kirklees Stadium Development Limited (KSDL) from insolvency, was that justified? How would the people of Huddersfield have felt about that? After all, the Council and its tax payers would have had to pick up the debt, wouldn’t they?
The KSDL vision was a three-way partnership (40/40/20) between the Council and the two clubs sharing the stadium. How can this work when the majority of the shares is now held by one individual? Unless, of course, the club’s shares were to be returned.
Moreover, there are a host of questions pertaining to the proposed development known as HDOne. Was this already on the drawing board when Mr Davy transferred the shares in December 2003? How is the football club going to benefit?
And what does the long-term future hold for Huddersfield Town if it is never to participate in the revenue stream from the stadium in which it plays?