Glovers Trust Takeover Update (of Yeovil Town FC; YTFC)

2021·0.09 MB·English

by  Glover's Trust

AN UPDATE TO SUPPORTERS
WHO? WHAT? WHY? WHEN?
In March 2021, Glovers Trust member and Simul are purchasing Yeovil Town Our journey with Simul has spanned two There have been several weeks where it
Yeovil Town supporter, Terry Stevens Football & Athletic Club LTD, the stadium boards and nearly 12 months. has been speculated online that a takeover
reached out to the Trust Chairman to and a strip of SSDC leased land which runs will be complete.
introduce the Trust Board to members of along side Western Avenue. The land While we’ve shared details to our members
Simul Sports Group. This included Julian adjoining the stadium will be retained by at the AGM in October, we understand the Due to the complicated nature of the deal,
Jenkins, Darren Delandro and Saul Yeovil Town Holdings Ltd. deal hasn’t started meaningfully Simul Sports have never committed to
Loggenburg. (We established that Mr progressing until December. 2021. dates of completion, only provisional
Loggenburgwould not be a part of any This is the legacy of a 2010 decision, when timeframes.
consortium and this was the only call he those who owned the club separated the There have been numerous delays, due to
attended.) land and put it under the ownership of omicron in December, Land Registry (due All the while, they have kept us as informed
Yeovil Town Holdings Ltd. Since then, it to nature of the deal, which involves as possible.
They sold us a vision, and we sold them on has become subject to development numerous parcels of land) and various
why Yeovil Town FC was the club for them. possibilities. The perceived value reflected aspects of the due diligence.
WHAT NEXT?
a belief that planning consent would be
Since then, we have met with all three granted. Throughout this period, we’ve had
(Julian Jenkins, Darren Delandro & Terry meaningful, encouraging and open
We continue to be in regular dialogue with
Stevens),numerous times for updates on Simul Sport’s vision for Yeovil Town FC is discussion about all aspects of Yeovil Town
Simul Sports and we are hopeful of a swift
the progress of the deal. We know that one which puts the football club at the heart FC and we believe Simul Sports have
conclusion to this deal, so that everyone at
Marc Birchamwill be a part of the future of the community with a self-sustaining developed a strong affinity with the football
Yeovil Town FC can have some certainty
board alongside Julian, Darren and Terry. business model. Their vision is one befitting club and the area. We believe there is huge
and clarity about our beloved club’s future.
of the only professional football club in desire to get this over the line and bring
We urge patience and like everyone else,
In recent months, we have learned that Somerset, with ideas including, but not about change for Yeovil and Somerset in
await a public statement from YTFC and
Greg Baker of ESE Capital LTD was limited to: general.
Simul Sports.
introduced by Terry Stevens to Julian and
will finance the consortium and the deal. • A match day experience utilising local
traders and hospitality.
• A supporter on the board
• A long term plan to build a new stadium,
with facilities that sustains the club
• A women’s team
• Genuine football expertise, experience &
a network of talent