Julian Jenkins, the former Cardiff City director behind a group seeking to takeover Yeovil Town, has confirmed they are “engaged in the final stage of due diligence” to complete the deal.
In a statement issued on his Twitter feed on Tuesday night, the businessman behind the Simul Sports Group thanked people for their patience waiting for the long-awaited deal to buy Yeovil Football & Athletic Club from owner Scott Priestnall.
The statement in full read: “I can confirm that our legal and financial teams are fully engaged in the final stages of due diligence with the sole aim to complete the purchase of Yeovil Football & Athletic Club.
“This process takes time, and on behalf of our group, I would like to thank everyone personally for their patience and support during this period.
“Further information will be released in due course.”
The statement is the first we have heard from any party since December 6 when Jenkins confirmed his group was in talks to buy Yeovil Athletic & Football Club, the company which owns the club’s football operations and Huish Park stadium.
The specific reference to this in the most recent statement makes it clear that Yeovil Town Holdings, which owns the land around the stadium which it appears is not on Simul’s shopping list. Read more about this on our Gloversblog: The ground on which we stand.
Jenkins is listed as the only officer of the Simul Sports Group Limited but others involved with the group set up in April are:
- Marc Bircham – a former midfielder who will be a familiar face to Yeovil Town fans made 16 appearances for the club in an injury-hit spell at the club between 2007-2008. He did make more than 250 appearances in the League though, mostly with QPR and Millwall, and was manager at Irish League side Waterford before his departure last month, claiming he would not pick the owner’s son.
- Darren Delandro – an investment specialist listed as a person with significant control in Simul, who works in private equity and with “high net worth individuals.” His football connections appear limited to a playing role in the lower leagues and a role as assistant manager at Isthmian League side Tooting & Mitcham.