Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wanted

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Huddersfield eyed by new business consortium in £50m takeover... £30m LESS than wanted



A £50 MILLION bid has reportedly been launched to acquire Huddersfield Town – although it is far off the expected valuation of the Premier League’s bottom club.
Heading to the Championship next season, the Terriers were thought to be valued by chairman Dean Hoyle at £80 million.
PA:Empics Sport After two seasons in the top-flight, the Terriers are destined for next season’s Championship
Reuters Hoyle, 52, spent 15 weeks in hospital after problems arose from a gallstone procedure
However, Hoyle’s lengthy spell in hospital, with pancreatitis and a pancreas infection, is said to be leaning him towards selling up.
That has prompted a European-based consortium to propose a deal worth £50 million to buy Huddersfield, according to Daily Star.
Such a gap in valuations could make doing a deal very difficult but the club’s descent to the second-tier may force the 52-year-old into a rethink.
The Terriers have only won three Premier League games this season after narrowly avoiding relegation last year, when they made a profit of £23.2 million.
Latest accounts showed the club debt owed to Hoyle to be just under £50 million for the year ending June 2018.
The Huddersfield chairman confirmed in February that he was suffering from illness, releasing an official statement saying he was in “the last lap of [his] recovery”.

He added: “I’m desperate to get back to the club, but I must be realistic; this may take a few months.
“For the first time in a decade, I need to put myself first as I get back to full health.”
On the weekend, Jan Siewert’s side lost 4-0 to Tottenham to make it nine defeats in a row.
Tottenham 4-0 Huddersfield – Wanyama and hat-trick hero Moura sink Huddersfield and fire Spurs up to third in Premier League

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