US investors to the rescue for Terriers

HUDDERSFIELD TOWN are to be bought by an American consortium after agreeing an 11th-hour takeover to avoid entering administration, which would have condemned them to relegation from the Championship. Sportsmail revealed news of the takeover yesterday morning, which was subsequently confirmed by the club. Huddersfield chairman Dean Hoyle will write off about £40million he is owed, which the new owners were unwilling to take on, meaning the club dodge administration and an automatic 12-point deduction that would have put the Terriers 15 points from safety. Hoyle has also agreed to continue funding Huddersfield until the end of the season at a cost of about £6m while the takeover is finalised, on the proviso that he is repaid that sum once it has been completed. The local businessman has invested more than £60m in Huddersfield during two spells in charge, but has agreed to walk away with a huge loss in order to secure the future of his home-town club. With the takeover resolved, Huddersfield’s bid to stay up is in their own hands. Neil Warnock’s side are three points from safety with eight matches remaining.