Huddersfield Town has named American businessman Kevin M. Nagle as its new owner.
Nagle, who owns the Republic of Sacramento – USL Western Conference US-based team – has agreed to purchase the club from Chairman Dean Hoyle, subject to legislative and governing proceedings.
68-year-old Nagle said:
“As the approval process is ongoing and we want to respect that process 100%, we will have no further comment until the final decision is made.
“But I would like to thank Dean for his help and support so far. I can’t wait to meet and talk to some of the amazing Town fans.”
The deal ends a 14-year relationship between lifelong fan Hoyle and the West Yorkshire Club.
Hoyle said last year that he planned to buy back a majority stake from former owner Phil Hodgkinson.
Former chairman Hodgkinson resigned from Huddersfield’s board last month after financial troubles hit his business, and Hoyle is back to keep the club alive.
Neil Warnock returned as manager for the second time last month and the club finished 23rd in the championship table and were in danger of relegation to League One.
Warnock has won two of his seven games in charge, but is still three points safe.
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