Ex-Blues Owner Set for 65 Per Cent Stake in Huddersfield
Friday, 14th Jan 2022 12:18
Former Blues owner Marcus Evans is expected to take a 65 per cent stake in Championship Huddersfield Town, TWTD having revealed his interest in the Terriers in early December.
As previously reported, Evans has been in talks with the West Yorkshire club for some while with chairman and current majority shareholder Phil Hodgkinson’s businesses in financial trouble following the pandemic.
The Terriers themselves are trading as normal with previous chairman Dean Hoyle, who retained a 25 per cent stake after Hodgkinson’s 2019 takeover, ensuring wages have been paid and returning as chief executive last week following the exit of Mark Devlin, who had previously held the role.
According to BBC Sport, discussions are continuing and if the deal is completed it is believed Evans will take a 65 per cent stake in the Terriers with Hoyle retaining the other 35.
Evans sold Town to Gamechanger 20 Ltd in April last year for around £40 million after 14 years in charge at Portman Road, while writing off the club’s near-£100 million debt.
Following the takeover, Evans retained a five per cent stake in the Blues - which chairman Mike O'Leary said in November had dropped to three per cent - but EFL rules would not require him to sell his remaining interest in Town should the Huddersfield move be completed.
Photo: Matchday Images
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|wkj added 12:25 - Jan 14|
|chorltonskylineblue added 12:30 - Jan 14|
Huddersfield are in the play-off spots so he might get his wish of a Premier League club after all.
If this goes through does he have to sell his minority shareholding in Ipswich?
|Kulturarv added 12:34 - Jan 14|
He will soon publish a 5 points plan on how Huddersfield can be a mid table team in Vanarama National League.
|Barty added 12:34 - Jan 14|
R.I.P Huddersfield Town
|BobbyBell added 12:39 - Jan 14|
He said he bought Ipswich because he was a fan. Is he now a Huddersfield fan? Despite what happened here I do wish him well.
|Bergholtblue added 12:43 - Jan 14|
BobbyBell - He was never an Ipswich fan. Before he purchased the club he looked around for the best potential, I understand that Southampton and Leicester were looked at. Unfortunately he chose us!
|NorthLondonBlue2 added 12:48 - Jan 14|
The good news is, he will have to sell his remaining stake in Ipswich to complete the move. The end of the Evans error, sorry, era.
The bad news is for poor Huddersfield. Perhaps a team in the Premier League will pose fewer challenges to his ownership style than in the Championship/League 1. But, in the absence of any recognition from him as to the catastrophic errors he made with us, the future for Huddersfield looks bleak.
|Bluearmy_81 added 12:49 - Jan 14|
If it all goes 'austerity/sell off without reinvesting' I hope Huddersfield fans stick up for their club more than Ipswich fans did
|pg888 added 12:56 - Jan 14|
Wonder if he’s learn his lesson of investing in a play off team not ripping it to shreds and destroying a club…doubt it
|PhilTWTD added 13:01 - Jan 14|
Added some more to the piece on whether he'd have to sell his remaining Town stake and he doesn't have to.
|Gcon added 13:02 - Jan 14|
|NITFC added 13:07 - Jan 14|
I don't really understand this at all. He seems to have no interest in football and yet he's having a second bite at the cherry
Yes, he might oversee a lucrative promotion to the Prem (only to do a Norwich and get relegated spectacularly of course), but unless he is prepared to invest heavily it's more likely that Huddersfield will remain where they are and become a financial drain that he needs to finance like he did with us
|herfie added 13:08 - Jan 14|
Football clubs’ ability to grab the money and ignore the history/performance of those offering to provide it, never ceases to amaze! Club in financial difficulties, ME steps forward with his bag of gold - bingo, the future’s safe, give praise! Due diligence and common sense probably the immediate casualties of poor judgement; supporters will inevitably pay the price in the longer term. In my view, ME and professional football are totally incompatible.
|buzbyblue added 13:14 - Jan 14|
PhilTWTD in the article you say he HAS to sell, in your comment you say he doesn't?
|ArnieM added 13:14 - Jan 14|
Good luck to them, coz if they think he’s going to pile loads of money into their club, they’re in for a rude awakening.
|RamRob added 13:21 - Jan 14|
Now we know why Rhodes was sold to Huddersfield, ME was a fan!
|BeattiesBackPocket added 13:23 - Jan 14|
Gutted was kind of hoping he’d take over at Norwich! At least the shares he has will have to be sold as he can’t have both. The bleakest 14 year period I can remember and now I find myself feeling sorry for Huddersfield league two beckons for them!
Those that thought he was an Ipswich fan he never was he’s a chelsea fan he only bought us because he couldn’t buy the mirror.
|Tractorboy1985 added 13:27 - Jan 14|
Poor poor people! They don’t deserve that! RIP Huddersfield Town
|ghostofescobar added 13:37 - Jan 14|
Great news that that man who all but destroyed our club will no longer have any involvement with us at all. He was a stain on our history, one that is slowly being rubbed out, but getting him out of the club completely has made my day. But, oh my word, do Huddersfield fans realise what's coming?
|midastouch added 13:37 - Jan 14|
A man arrives at the gates of heaven, where St. Peter greets him and says: "Before I can let you enter I must ask you what you have done in your life that was particularly good."
The man racks his brains for a few minutes and then admits to St. Peter that he hasn't done anything particularly good in his life.
"Well," says St. Peter, "have you done anything particularly brave in your life?"
"Yes, I have," replies the man proudly.
St. Peter asks the man to give an account of his bravery.
So the man explains, "I once announced at the Huddersfield supporters club AGM that I was going to sell my 65% share to Marcus Evans."
"Yes," responded St. Peter, "I agree that was a real act of bravery. Can you perhaps tell me when this took place?"
"Certainly," the man replied, "about three minutes ago."
|johnwarksshorts added 13:38 - Jan 14|
Don't forget, love him or hate him he got us out of a pickle so who knows where we'd be if he hadn't come calling. But I'm glad he's gone now.
|Monkey_Blue added 13:58 - Jan 14|
Evans bankrolled the club and left it financially viable and wrote off £100m in debt. That puts him well above the likes of many clubs owners, who cut and ran. Derby have just had another transfer embargo imposed and they might get Mike Ashley!!😳 how many of you wished for the days of top ten and flirting with the play-offs every year in the championship? I’m optimistic about the new manager and the squad… but it’s league one and we weren’t in administration and left for the vultures. Anyone who thinks Evans made money out of Town rather than lost an awful lot can’t add up.
|Churchman added 14:07 - Jan 14|
Like other posters, I don’t understand this. If he really lost so much money why is he having another crack at it where the potential is marginally more limited? Strange.
The sooner his name is sponged away from ITFC in every way including his 5%, the better
|OohArrPaulGoddard added 14:09 - Jan 14|
I really don’t get this. If Evan really did lose £60 million from his ownership of Ipswich why would he risk doing the same again with Huddersfield? Only Marcus will know how much he really lost but I reckon it was a lot less. It will be interesting to see if he is as tight with his investment this time. I think, like with us, he might have a try at promotion but if this does not work try to repackage it and sell it on to new investors.
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