Ciderspace News Page : Palmer Reports Couhig Deal Is Still Solid
18 April 2019 : Palmer Reports Couhig Deal Is Still Solid
Yeovil Town's Football Advisor Mark Palmer has insisted that there are no issues with the club's takeover plans, despite two months having passed since would-be owner Rob Couhig was unveiled. The New Orleans lawyer was unveiled on February 19th as the man who planned to buy current owner Norman Hayward's shareholding (through the Huish Park Stadium Partnership Ltd company), subject to due diligence on the deal, and approval from the Football League under their Fit and Proper Persons Test.

At that time, Couhig had an expectation of this process taking between two weeks and a month to complete, with a hope of taking charge before the 2018-19 season ended. That would have given him an opportunity to bring forward the search for a new first team manager, and make plans for the 2019-20 season. But as yet, there hasn't been any ratification of the deal. Reporter Chris Spittles has asked Palmer today if there are any problems with Couhig's bid, but has been told that all is well:

"The deal is solid. We have to follow the proper procedure set out by the EFL and we can't dictate timings but it is progressing."

Palmer is due to take over the role of Chief Executive once Couhig is confirmed as owner, with current Caretaker Manager Neale Marmon becoming the club's Sporting Director once the first team management situation is sorted. Rob Couhig himself would become Chairman of the football club.

Currently there are a number of other Football League clubs going through the EFL's Fit and Proper Person and Ownership Tests, with Port Vale, Notts County and Bolton Wanderers having all gone public over their plans to sell to new personnel. At present those three clubs are all awaiting the outcome of the same process, which could have created a bottleneck with the League's administration staff.

Once again, Chris Spittles has been told by Palmer, the outcome of the prospective deal is not dependent on the club's Football League status. This was clarified by Couhig himself at the time of his February interviews.

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Other News Items For 18/04/2019

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18/04/2019 : Palmer Reports Couhig Deal Is Still Solid
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