Business Led by Huddersfield Town Chairman Goes into Administration.

[Ericsladkilnhurst]

On Tuesday 2nd November 2021 it was announced that PURE business group, led by
Huddersfield town chairman Phil Hodgkinson had gone into administration, the group
which includes former shirt sponsor Pure Legal Ltd, the Pure group, with the total
number of the Pure group businesses totalling 9 going into administration.

A statement issued by the Huddersfield Town directors, has stated that they would
like to reassure supporters about the financial future of Huddersfield Town.

Huddersfield Town Chairman Phil Hodgkinson holds 75% of the clubs shares, through
Pure Sports Consultancy , this company is not part of this action & as such is
legally unaffected.

The Huddersfield Town board of directors, would like to assure town fans, that the
club remains able to meet its financial commitments, over the short, medium & long
term, & that the day-to-day activities remain unaffected, & their full focus is on
Saturdays Sky bet championship game at Cardiff City.

Summary - It would seem the fans are not in the same mind to the board of directors
statement, regarding the financial standing of the club at the present time, with some
fans voicing their concern on social media.

[Lolmorgan]

So the fans know all about Huddersfield’s finances then. Social media crap again.

[frogmiller]

It looks like that they don't actually manufacture anything. There's a lot of money to be made in giving advice as long as it's good.

Pure Business Group Limited,
Pure Legal Limited,
Pure Claims Support Services Limited,
Pure Technology Systems Limited,
Pure Reporting Services Limited,
Pure Claims Limited,
Pure Costs Budget Limited,
Connect Costs Limited
Astute Business Management Consultants Limited

[Steve Miller]

REG coming our way then?

[flourbasher]

He seemed to pay way too much for Hudds from Dean Hoyle the Card Factory owner just when they were on the wane from their stint in the prem.
He may have bought it on the hope of bouncing back straight away but that's a huge risk and not good business sense.

[Brin]

He seemed to pay way too much for Hudds from Dean Hoyle the Card Factory owner just when they were on the wane from their stint in the prem.
He may have bought it on the hope of bouncing back straight away but that's a huge risk and not good business sense.

Obviously it wasn't made 'pure' and simple to him.....

[Ericsladkilnhurst]

The owners of Huddersfield Town are -

Phil Hodgkinson [75%] through his company Pure Sports Consultancy Limited,

Dean Hoyle [25%].

Phil Hodgkinson bought his 75% of Huddersfield Town in 2019, buying from Dean Hoyle.

Phil Hodgkinson is buying his 75% of the club in instalments, Dean Hoyle was owed £45m,
after his sale to Hodgkinson, a debt reduced to £34m as now.
Given that the structure of the payments meant £35m should have been paid by August 2022,
but Hoyle has extended the date to February 2025.
The next payment of £4m to Dean Hoyle is due February 2022, but Dean Hoyle may restructure
the payments, to help Huddersfield Town, due to coronavirus.

Dean Hoyle has paid Octobers 2021 wage bill, & reported that Hoyle is willing & able to resume,
in putting money into the club.

The nine Pure Group companies that have been placed in administration, is due to another company
Novitas Loans, a specialist company who provide loans for legal proceedings, started insolvency
proceedings against the nine Pure Group companies.

Summary - It would seem that Phil Hodgkinson, owner of Pure Sports Consultancy Limited, does not
have the funds in his company to sustain the financial aspects of running a football club, with still
outstanding debt in paying for the club
Huddersfield Town saviour seems to be former owner Dean Hoyle, perhaps protecting his 25% stake
in the club, who has paid the October 2021 wage bill, & open to putting money into the club.
It has been reported that no interest to be paid on the loans.
Coronavirus has caused a lot of problems for football clubs, with loss of revenue, but it may be asked
of Huddersfield Town, where as the parachute payments gone, after their stint in the premier league.

Parachute payments club, season --- 2019-20 --- 2020-21 --- 2021-22

--------- Huddersfield Town ----------- £45m ------ £35m ------ £15m

Plus being premier league money, TV money etc

[ Could Rotherham United put a sensible bid in for Reg in the January transfer window ].

[Townerslovechild]

Basically they're in the sh*t.

[Grist_To_The_Mill]

Basically they're in the sh*t.

Like at least 75% of the clubs in the EFL

[Townerslovechild]

Probably , but thankfully not ours.