ADAM PEARSON confirmed today he has withdrawn his £3m-plus offer to buy Huddersfield Town.
The former Hull City chief wanted control of the club but has now backed off after refusing a 40% stake, the chairmanship and ongoing funding offered by owner Ken Davy.
Davy has come under fire from some fans who want to see more cash spent on the team – there was a protest before Saturday’s 1-1 League I draw against Oldham a – while Pearson will now look elsewhere to get back in the game.
“I have had some communications from Ken Davy over the last few days and it’s quite apparent his position is entrenched and he has no intention of reducing his shareholding from majority to minority,” said Pearson today.
“It’s disappointing because I was trying to do a deal in which all parties would be welcoming.
“A hostile approach was not really what I envisaged and, therefore, I will go and pursue opportunities where the door is easier to open and where I am being welcomed through it. I can’t see a way back at Town when I’m not really wanted by the principal owner, so the deal is off.”
Pearson has been linked with other clubs since selling Hull City for £10m in the summer.
“It’s disappointing for me personally that it’s not Town but, as I’ve said before, hopefully this has brought into focus the need for the club to be continually nurtured, driven and invested in.
“Since my interest in Town has come up, I’ve had lots of people on the phone asking if I would like to get involved with them, so I would imagine in the next few weeks I’ll pick a club and do it.”
Mr Davy – who rescued Town from administration in 2003 – has insisted from the outset he was not interested in selling and, indeed, was keen to pursue plans to take the club into the Championship.