The Board of Huddersfield Town and Ken Davy are pleased to announce that Huddersfield Sporting Pride Limited has agreed to transfer a 40% shareholding in Kirklees Stadium Development Limited to the Football Club.

Completion of the transfer is subject to the approval of Kirklees Council, the other shareholder in KSDL, and will require the three partners to agree the reshaping of the arrangements for ensuring the secure future for the stadium. All parties expect this to be completed early in the New Year.

On completion, Dean Hoyle will also acquire all the remaining shares in the Football Club not currently held by him from Ken Davy and Andrew Watson.

The Board and Chairman Dean Hoyle are also pleased to announce that Ken Davy has agreed to accept the Board's offer to become Life President of Huddersfield Town in recognition of his services to the Club. In particular, in taking the Club out of Administration and then over the period since 2003, restoring stability, providing funding and building foundations for the future success of Huddersfield Town during his time as Chairman before presiding over the Club's Centenary season and celebrations.

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