Talks to extend an exclusivity agreement around the ownership of land at Huish Park are underway with Somerset Council and the new owners of Yeovil Town.
The current agreement which gives Yeovil Town Holdings, the company which Dubai-based businessman Prabhu Srinivasan bought from former chairman Martin Hellier in May, is due to expire in May 2026.
Speaking on the latest episode of the Gloverscast podcast, Chief Strategy Advisor Nicholas Brayne said the new owners are also talking with “quality partners” about how the land can generate long-term revenue in the future.
He said: “We have had a number of detailed conversations with officers from the council and I had a meeting this morning and I have further meetings next week.
“It is all geared towards two things – the extension of buy-back option on the land and reuniting the club with the stadium and the bigger question of what we do with it.
“The goal is to put revenue the way of the football club to make it a better business and more resilient. This is a unique opportunity which other clubs do not have to utilise the space with the explicit purpose of bringing revenue in to the club.
“That sounds quite a lofty vision because there are two issues. The first is it is a huge space which brings complications and the question of how much capital can we put in to it when we want to also put capital in to what is going on on the pitch.
“We are a bunch of investors from the Middle East, so we are not experts on the things we could do on that site, so we do need to find partners to do it with to deliver quality solutions for the club.”
However, Brayne said that supporters should not expect any buy-back or the long-term future of the land to be a quick fix.
He added: “Let me reassure you there are meaningful conversations with the right stakeholders, but I want to be really honest, this is not going to happen overnight. This is going to take time, so people asking when we are going to buy back the land, please be patient with us.
“The most important thing is that we do this the right way for the football club and that we stop with the quick fix solutions which actually have a negative, long-term impact.”
You can listen to the full interview with Nicholas Brayne wherever it is you pick up your podcasts or by clicking HERE.
[…] If you want to know more about what’s going on with the talks Gloverscast has more stuff about it: Talks underway to extend Huish Park buy-back clause. […]