Yeovil Town have issued another statement concerning the ownership of the club and the first team management position. They have now confirmed that they have reached agreement with a group of people to take over the club, subject to the usual legal arrangements and ratification with the Football Association. The actual party is not named at this stage, leading to further speculation as to their identity.
The statement reads as follows:
"Yeovil Town Football Club is delighted to confirm that new owners of the major shareholding of HPSP Ltd have been identified, and are close to signing the required legal documents. The bidder selected has expressed a wish not to be publicly identified until the formalities are completed, but this development does now mean a first-team manager can be appointed early next week. The new owners will be interviewing managers early next week and after the selection process has been completed, an announcement will be made to the media, supporters, staff, and contracted players.."
The club quote Chairman John Fry as saying that having interviewed managers for the position in the last week, they now plan to allow the prospective owner to interview and choose their own manager:
"We have been working exceptionally hard to identify the right bid and this has been a challenging task as there were a number of legal and financial points to overcome.The deal we are announcing today is subject to the normal League and due diligence procedures, but all parties will now be working together to try and complete formalities as quickly as possible. Today’s news ends the recent period of uncertainty and what I am sure will be an exciting future for the club. I would like this opportunity to thank our supporters for their patience, during this challenging period."
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