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

Bobbiesboys added 14:13 - Jan 14 Really!!! God I feel sorry for their fans.
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PhilTWTD added 14:14 - Jan 14 buzbyblue I amended the wording and somehow removed the word 'not', which has been reinstated!
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Kentish_Tractor added 14:19 - Jan 14 He will use Huddersfield for exactly the same purposes he used Ipswich. Buy and pump in a few million. If it gets them promoted, then he's in the money. If it doesn't, he will just use them too offset his taxes, the same as he did with us. I trult feel sorry for Huddersfield in this scenario.
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BlueySwede added 14:30 - Jan 14 We needed a change and Marcus did get a lot of the footballing decisions wrong. However, some fans also need to realise that he did chuck a lot of money at us, especially the first years. Football business have changed so much and the money being spent is ridiculous, especially for a single owner (consortiums are getting more and more common). A bit surprised that he has another crack at it, but maybe he has learned a thing or two?

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Bluearmy_81 added 14:30 - Jan 14 Something tells me he wouldn't do the same with clubs like Millwall or Cardiff. I wonder why?!
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SpiritOfJohn added 14:36 - Jan 14 This story reminds me of what Samuel Johnson said about entering into a second marriage - "the triumph of hope over experience".
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jong75 added 14:38 - Jan 14 He must have had such a bad time of owning a football club, putting in his 8mil a year to keep the club afloat, he wants to do it again. Only one person benefitted from owning ITFC and it was Marcus Evans.
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Help added 15:25 - Jan 14 Tax break
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1960H added 15:29 - Jan 14 All connected with Huddersfield Town you have my deepest sympathy RIP
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NITFC added 15:38 - Jan 14 "Kentish Tractor" and "Help", can you please explain how he "offset his taxes" and got a "tax break" I have heard loads of comments like this over the years and don't understand how it worked
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jayceee added 15:42 - Jan 14 He's a dodgy one.. can't say what I really think here, but I smell kippers.
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EricsGate added 15:49 - Jan 14 REST IN PEACE HUDDERSFIELD TOWN FC
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Cadiar added 16:03 - Jan 14 I'm sure he sees potentially Huddersfield could be a Premierdhip club next season. He saw TFC as one & would have sold if we had been promoted. My closest friend knew him well & this is what Evans actually told him, also he has no real interest in football apart from it was a financial opportunity.
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barrystedmunds added 16:17 - Jan 14 Let's get those turnstiles refurbished!!!
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davidwyard added 16:45 - Jan 14 Basically Marcus Evans brought Ipswich's debt and then charged about 7% interest hence why it become 100 million, and after 14 years, did he lose money, probably not?.
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Bluearmy71 added 16:54 - Jan 14 Poor ba**ards
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Stato added 16:59 - Jan 14 When he bought us he negotiated with everyone we owed money to so that they would accept a fraction of what they were owed. From memory I think Norwich Union or Aviva as they now are might of been the biggest debt owed. Those dents were owed to him in full and he was pumping in circa £6 million a season if memory serves me right. The tax break comes when the tax due on profits from the ticketing agency part of the ME group are offset against the losses from ITFC. My guess is that he did end up out of pocket but not £100 million or anything like it. Hopefully Phil this post is vague enough but delete if not being stated as fact just trying to help some understanding

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Kentish_Tractor added 17:17 - Jan 14 @ NITFC To answer your question in the simplest terms. Say Marcus Evans Group (before ITFC) make a large profit for the year, they might have to pay say £7 million in tax to HMRC. However ITFC operate at a loss (say £7 million per year). So instead of having to give some of his profits to Mr Tax Man (or Woman), he can run a football club instead and still be no worse off. And if the team do well, he gets to keep some of the profits.

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runningout added 17:36 - Jan 14 guaranteed to go really well as an football club owner for Marcus Evans, from now on. ‘That's football'
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dukey44 added 17:51 - Jan 14 Seriously who cares?
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woodster added 19:07 - Jan 14 I don't know how much Evans lost (or even made, using tax loss offsets?!)with Ipswich but I suspect it was nowhere near £60 million that he wrote off. He only paid a few million quid to take over the £35n debt from Aviva and Barclays but he then charged 10% compound to himself which pushed the debt up to £100m - saddling the club with more & more interest due to himself is very different to putting in money I.e. that is not money he put in! It was just interest he charged to the P&L to say that he was funding £6-7m losses every year (which seems to have misled loads of us) It made it look like he was forking out six or 7 million a year when actually he was just increasing the “IOU” interest due to him. Whereas the cash required to run the club was mostly from the sell down & sell on fees from all our best players!

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GoingUp added 19:29 - Jan 14 Rich plank man's playground he's a c***t in my view for his disregard for ITFCs fortunes during his rein.Why not invest when we were riding high in the NCFC playoff year?
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TimmyH added 20:17 - Jan 14 Did he write off a £100M debt? - I thought it was £60M of it and Gamechanger bought the club for £40M or have I got that wrong? Either way his tenure was fairly pathetic in my opinion and we were bankrolled due largely to his poor decision making over countless years!
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TimmyH added 20:21 - Jan 14 My post is pointed at Monkey on page1...
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Monkey_Blue added 21:13 - Jan 14 KentishTractor…. The most ridiculous comment on tax ever. Regardless of what tax he had to pay on a £7m profit it's a lot less than sinking £7m into a football club. I take it you are not an accountant or even vaguely familiar with maths!! 🤪
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