Hellier: Without a takeover we will go in to administration
Local businessman Martin Hellier has said he believes that Yeovil Town will go in to administration if the club’s on-off takeover is not completed soon.
The owner of Hellier Group, which has been sponsor of the Main Stand at Huish Park since last September, claimed he has been blocked in his bid to buy the majority shareholding of chairman Scott Priestnall despite having entered in to initial discussions at the end of last year.
In an interview with Three Valleys’ Radio presenter Adi Hopper, he confirmed his interest in buying the club and surrounding land owned by South Somerset District Council which he outlined in a message to fans earlier this week – see more here.
In the interview, Hellier said: “You cannot do (a deal) if the seller does not want to engage with you, and I say ‘seller’ on the assumption he wants to sell. You have to question why that person is stonewalling every effort for people to come in.
“Given the state of the state of the club’s finances, it is a bit like the homeless person you invited for Christmas dinner complaining that they didn’t get to carve the turkey!
“In this state, and it really is ‘put on your big boy pants’ time, in my opinion the club is going to go in to administration.
“All I can say with absolute certainty is that your owner will not enter any dialogue with myself, and if he is also not entertaining anyone else, it is a given (the the club will go in to administration).”
In the interview, he said claims a quarterly rent of £50,000 is due to SSDC next month and said he did not know how the club would meet the charges describing its financial situation as “reading like a Greek tragedy.” When Gloverscast has approached SSDC regarding the amount of rent which would be charged to the club and we were told: “These are matters for the owner to respond if he wishes.”
He revealed he had contacted SSDC around his interest in buying the land which Huish Park stands on together with surrounding ground which was sold to the authority in a deal worth £2.8m last May. However, he was told back in January the deal could only be completed if it was approved by Yeovil Town Holdings Limited, a company which has Priestnall as a majority shareholder.
Hellier added: “We have clearly stated we have no interest to build houses on that land for personal gain, it would be our intention to reunite the ownership of the surrounding lands and the stadium with the trading business of the football club.
“If there was any development of that land it would be directly for the benefit of the football club to bring in revenue streams which would help support it. It is time for people to act like the business people they claim to be to sit at the table and figure out.”
You can listen to the interview in full on Three Valleys Radio’s website – click here.