Hoyle cautious on Huddersfield Town plans
ENTREPRENEUR Dean Hoyle has said the sale of Card Factory will not automatically mean a major cash injection into League One side Huddersfield Town.
Mr Hoyle, who sold the Yorkshire firm to private equity firm Charterhouse for £350m last Thursday, is the chairman and owner of the Terriers.
On the sale of Wakefield-based Card Factory Mr Hoyle said: “The sale is an important milestone for the company in its development and it will provide a platform for future growth and success. I will maintain a role in the business as non-executive chairman.”
He added: “No doubt expectation levels will go through the roof as people speculate as to the financial implications for Huddersfield Town.
“Any thoughts of a new stadium, big transfers or wages spending sprees should be quickly dispelled. Everyone needs to keep their feet very firmly on the ground.
“This deal does not significantly change the way our business will be operated at all. Whether the sale had happened or not the level my backing for the club is unaffected. We are building to make Huddersfield Town a sustainable, viable business – not one even more reliant on me than it already is – it would be a step backwards and too high a risk for everyone concerned.
“The strategy, business principles and way we do business at Huddersfield Town in the ‘new era’ started in November 2008.
“This was then firmly established when the Huddersfield Town board changed and I became chairman in May 2009. This again has continued since I became outright owner in early 2010. Under my chairmanship and ownership will continue to follow our already well established plans.”
