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Fry Open To Serious Yeovil Offers

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Chairman John Fry has said he would be open to a sale of the club if he received a serious offer from an interested party.

In an interview with the Western Gazette Fry said he would be open to passing on some or all of his majority 46.5% stake in the club if serious interest was made and he was content it was in the best interested of the club.

Norman Haywood owns the 45.5% and the 8% is divided amongst around 300 fans in a variety of numbering.

He’s quoted as saying.

‘It would also depend on what the offer is – a complete buyout, half shares. It would be for the board to consider. There are strict rules and regulations over acquisition. The board would have to look at every avenue. If you want to buy more than ten per cent of the shares you have to go through the Football League rules and regulations. What I do know is the club has been successful when it has kept hold of authority. You don’t want a situation where every five minutes shareholders are being booted out. You would be at a crisis point then like Bolton. How long have they been up for sale for?’

Fry went on to say that in his time as a Director there have been few proposals to buy shares, and it’s been more often that people have wanted to dispose of them, so for him he’s open to ‘serious offers’ but there are non on the horizon.

‘In all my time as a director there have been very few proposals to buy shares. People have wanted to dispose of shares. If someone wants to put a serious offer forward then we would consider it.’

He also talked about the structure of the club at the beginning of his time back in 1993 compared to now and he knows changes have been for the better.

‘When I first joined as a director no one could earn more than £5,000 of shares. That was restrictive in growth and was changed and opened up and the club went forward. There have been four or five restructurings since I have been at the club. A group of vice-presidents sold out and it was offered to the directors – other than myself and Norman – who bought them. Without that restructuring the club wouldn’t be where it is – in the Football League.’

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