There have been worrying times for Huddersfield Town today as it looked as though they may be the latest EFL club to fall into financial hardship.
That is because it was reported that Pure Business Group and eight other entities relating to the company had been put into administration.
How that relates to the Terriers is that the owner of Pure Business Group is their chairman Phil Hodgkinson, who bought the club in 2019 from Dean Hoyle – the man who financed the club’s rise into the Premier League.
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Finances seemed not to be a problem over the summer despite the fact that little was spent in the way of transfer fees, but it was revealed after the summer transfer window had closed that Hodgkinson had turned down bids for midfielder Lewis O’Brien.
A final offer of £13 million was made by Leeds United but owing to the fact that there were many add-ons structured into the deal, Hodgkinson turned it down.
Just two months later though and several of his businesses have been plunged into chaos – but a club statement issued on the Terriers website has revealed that the company in which Hodgkinson holds his shares of the club in – PURE Sports Consultancy – is not affected by the issues.
It’s still not gone down well with Huddersfield fans though who are now questioning how much money their owner actually has – let’s see what they are saying on social media.
Yeah this statement isn’t reassuring at all lads. Nice try though.🙄
— Daniel Sanderson (@Danj2203) November 3, 2021
So you mean to say that we're still going up with a fiver in the bank?
— PURE Business Group (@SANDRA_HTFC) November 3, 2021
Not buying it.
— Tom (@Moose_HTAFC) November 3, 2021
He needs to do what’s best, put us on the market whilst we are in a good league position and have a reasonable squad. Please fine drain it’s dry any further.
— ZW (@Z_W_95) November 3, 2021
— Rob Coates (@robatshelley) November 3, 2021
The fact that the statement comes from the ‘Board of Directors’ not the Chairman/owner is probably very telling. Is PH still in charge?
— Andy Walker (@Mr_A_Walker) November 3, 2021
"Legally unaffected" doesn't quite sound reassuring enough tbh.
— Boris The Skiver (@theWHOknow) November 3, 2021
This is the most un-assuring statement ever
— Laurence (@LaurenceC2207) November 3, 2021
Announce Dean Hoyle
— James (@jameshart100) November 3, 2021