Inflection Holding Ltd, the Dubai-based company owned by Prabhu Srinivasan, officially owns Yeovil Town FC, according to documents filed with Companies House.
The filings, registered on Friday, shows the appointment of the new owner as a director of Yeovil Town Holdings Ltd and Yeovil Football & Athletic Club Ltd and the end of former owner Martin Hellier’s directorship and the end of the Hellier Trading Group’s interest in the club.
The documents give the address of Inflection Holding (note: no ‘a’ in the official company name) as an office in the Dubai International Finance Centre in the United Arab Emirates. From some desktop research (i.e. Googling) it appears quite a number of companies have their ‘home’ there.
Yeovil Town Holdings is the company which holds the exclusive buy-back rights on land at Huish Park with Somerset Council, due to expire next May, whilst Yeovil Football & Athletic Club has previously been the club’s main operating company.
The Confirmation Statement published in 2024 showed Yeovil Town Holdings had 302 shareholders, albeit one of those, CV Leisure, a business which designates its nature of business as ‘Unlicensed restaurants and cafes’ and has one director, former club owner <NAME REDACTED>, is listed as shareholder 301 with 0 ordinary shares.
The statement showed the Hellier Trading Group, presumably now Inflection Holdings, as having 1,575,379 £1 shares which, if previous declarations made during previous takeovers are correct, make up 92% of the company’s shareholdings. The remaining 8% appears to be split between 300 shareholders (if we discount the 0 shares held by CV Leisure) have smaller stakes ranging from a single share to the 38,072 held by Mrs Lock.
Many shareholdings were bought by fans in the early 1990s when the club was on the brink of financial collapse and some notable names on the list include S.Rutter, presumably Steve Rutter, manager of the club at that time.
In other interesting (?) company filings news, Huish Park Partnership Limited, a company which listed former chairman and major shareholder John Fry and Norman Hayward as directors, was dissolved on May 20th.
In March, the accounts of Yeovil Town Football & Athletic Club showed it lost almost £2.8m during the return to the National League Premier Division in the 2023-24 season.
It highlighted the club m being kept afloat by Hellier selling “assets from within a property portfolio” and highlight uncertainty about the club’s ability to continue as a going concern.
Coatesie, I think there is a spelling mistake! Directorship or Dictatorship??? 🙂
I believe David knew what he was doing with that one…. Fair play sir!
Hang on, gents, don’t go putting words in my mouth!
Now there is no reason to do so, I stand by everything I ever said about Martin Hellier’s time as owner of the club. He put his money in, he put his own money in to the club and success on the pitch was delivered in the 2023-24 season for sure.