Shock stadium twist as leading firm goes into administration

The future of the John Smith’s Stadium seems to have been thrown into jeopardy as Huddersfield Town’s Phil Hodgkinson enters financial difficulty.

His company, Pure Legal, have entered administration with former Town chaiman Dean Hoyle now responsible for putting money into the club if necessary.

Although Hodgkinson remains chairman of the club, ex-chairman Dean Hoyle still has a 25% ownership of the club after his majority sale to Hodgkinson in July 2019.

But, it could have severe repercussions for the Huddersfield Giants given the news earlier in the week that they were set to become tenants alongside Town of the John Smith’s Stadium.

How this news affects that deal still remains to be seen.

A statement on the Huddersfield Town club website reads: “The PURE Group, former shirt sponsor PURE Legal Limited and the other listed companies are led by Huddersfield Town Chairman Phil Hodgkinson. It was announced yesterday (Tuesday 2nd November 2021) that these nine companies have been placed into Administration.

“Mr Hodgkinson holds 75% of the Club’s shares through PURE Sports Consultancy. This company is not part of this action and, as such, is legally unaffected.

“Our Board of Directors would like to assure Town fans that the Club remains able to meet its financial commitments over the short, medium, and long term.

“Our day-to-day activities remain unaffected, and our full focus is on Saturday’s Sky Bet Championship game at Cardiff City.”

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robert
10 months ago

Huddersfield Town running a stadium they could not run a bath