KEN DAVY today confirmed he has received an ‘initial proposal’ from Adam Pearson to buy Town.

Sources suggest former Hull City chief Pearson tabled his offer in the last 48 hours, solely for Town and a lease to play at the Galpharm Stadium.

He is understood to have no interest in the stadium company or in Huddersfield Giants, both of which are under Davy’s control.

It is also believed Pearson’s bid may be incentive linked, with a basic deal now geared to further payments on achieving future success.

All this on the back of a year in which both Town and the Giants have made a loss and, indeed, in which the chairman says his £600,000 loan to the football club was backed up by a further £400,000 from the rugby league side of the business.

“I can confirm that I have received an initial proposal,” said Davy today.

“What I find fascinating about all the stories surrounding what is and what is not happening are eminating from sources other than myself or anyone else here at Huddersfield Town.

“Using the media is, to say the least, an unusual way of attempting to negotiate.”

Davy insists his own plans for Town remain ‘very much in place’ and he has no interest in selling the club he rescued from administration in 2003.

He added: “I think I’ve been as clear as I can be in what I said in my programme notes and earlier. That stance has not changed.”

Pearson, who is Batley-born and a lifelong Town fan, sold Hull City for £10m in the summer. He was not available for comment earlier today.