Yeah as my post above says it went through on Friday, already treading a dangerous path, Jed is still alleged to be hanging around waiting to jump on board.
Also there are charges against the club from the a company called MSP Capital concerning ground ownership too, which is said to be about loaning money against the ground.
The entry against Yeovil Town Holdings is a loan, secured against the land assets for Huish Park. The implication is that MSP Capital have leant money to the new Owners. Given the date of the transaction is also the date of the takeover, then yes it does look like money has been borrowed to secure the takeover.
It all sounds a bit dodgy already.
Yeovil Town's new co-owner Scott Priestnall has confirmed that he will be taking over the position of Chairman of the club from John Fry, with immediate effect. With Fry and outgoing owner Norman Hayward having stepped down both in terms of their ownership of the club and their Director positions, the club is now fronted by Priestnall along with Errol Pope who has so far kept a low profile.
Priestnall attended a press conference today as his first formal introduction to the local media, with both the original Yeovil Town company (Yeovil Football and Athletic Club Limited) and parent company Yeovil Town Holdings Limited now having a two man Board of Priestnall and Pope. He said that it was a position he hadn't been contemplating during the early part of his negotiations with the outgoing owners, but became something that he wanted to take on during the last few weeks:
"I am going to be Club Chairman - yes. I actually want to be. It's a position that I've kind of changed my mind on since I started. When I first started out I didn't think about being Chairman. I was actually looking at potential people to do it, both inside and outside the club. As I've got more involved with the club, if the completion had been maybe six or seven weeks ago, maybe I wouldn't have done. I think I've got the bug now, I'm hoping to earn my stripes as a Glover and I've really got excited about games. It's kind of got me interested in football again, to be honest with you. It was a really easy decision over the last couple of weeks to become Chairman. Hopefully I'll do right by the fans."
Priestnall also clarified one false assumption that has tended to be the case throughout the majority of the last three months since the pair were announced as the prospective bidders for the club. With Pope being labelled as the 'money man' when they were part of a consortium that was in discussions to take over Worcester Warriors rugby club in 2018, it had been largely assumed that Pope would have the lion's share of the Ownership of Yeovil Town. However, Priestnall explained that he would be the majority shareholder in this relationship, but admitted he didn't know the exact mathematical split between them at this stage:
"I'm not sure I know exactly, at the moment, but I'm the majority shareholder of that arrangement. I was just on a call earlier to find out what that exact percentage is, but I've certainly got control. We're in the very early days. The old Board have now resigned - each member. If I'm totally honest with you, since Friday I haven't had any conversations with regard to Board members at all. But I do want to and that's something I will work on once we get through this initial period of getting things right within the club first. Once that's done, I'll start to focus more on the Board."
Companies House information today has confirmed the above, with Alan Chamberlain and David Lee the last of the two remaining Directors formally stepping down from their position as Directors of the core Yeovil Town company. Priestnall and Pope remain as the only two Directors on both companies for the time being.