MOST Town supporters will be aware that Adam Pearson has offered to buy the club and that Ken Davy has rejected that offer with his own alternative proposal.
Pearson, who has significant financial backing and is a life-long Town fan, has offered around £3m for a controlling interest in Huddersfield Town.
This has been turned down by Davy, whose counter proposal is that Pearson would have only a 40% share-holding but would hold the position of chairman.
Furthermore, Davy also undertook in his proposal to match any investment that Pearson made in a 60:40 ratio, following the initial investment of £1.7m.
An impasse has been reached because Pearson has stipulated he would need a controlling interest in order to have any control over his investment.
In turning down the bid, Davy stated that he has “ambitious plans” for the club, but has chosen not to elaborate on this.
From figures provided in September last year, the projected player budget for last season was £1.7m against a projected income of £4.6m.
This is approximately 37%, which can be compared with a Football League guideline of a maximum 60%.
The strength of the current squad and performances on the field are a matter of opinion but it is clear that there is a worrying trend in recent results.
Many fans are dissatisfied with the current set-up and are calling for changes.
Banners for display at the Doncaster game last Sunday were confiscated by stewards acting on instructions now acknowledged as emanating from a senior official at Town.
Let’s hope that the present malaise can be rectified and that supporters begin to see a brighter future for Town.
