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.

Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedPA:Empics Sport2 After two seasons in the top-flight, the Terriers are destined for next season's Championship
Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedReuters2 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".

Latest Football NewsHuddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedGossippog shock Man Utd tell Real Madrid to offer £130m transfer bid if they want to land Pogba Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedFULL NELSON Arsenal fans tell Emery not to sign Lille winger Pepe as club have Reiss Nelson Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedAX TO GRIND Draxler held back from ref in tunnel while Mbappe blasts him after Lille loss Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedALEX-IN Sanchez, Matic and Darmian travel to Barcelona – joined by banned Shaw on Utd plane Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedmind games Klopp admits he ‘expects’ Man City to beat Liverpool to the Premier League title Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedCommentNeil Ashton Barca respect comeback kings United while Spurs can upset City without Kane Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedLive BlogBLUES NEWS Chelsea transfer news LIVE – follow latest news, updates and gossip Huddersfield eyed by new business consortium in £50m takeover… £30m LESS than wantedLive BlogGUNNERS NEWS Arsenal transfer news LIVE: Watford build-up, Dembele and Nicolas Pepe linked

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.

Leave a Reply

Your email address will not be published. Required fields are marked *