The proposed takeover of Yeovil Town by New Orleans businessman Rob Couhig has collapsed.
A statement on the Club’s official website said it had ‘not been possible to agree mutually acceptable terms and conditions’ and confirmed the proposed sale to Couhig’s group Feliciana EFL Limited would not proceed.
The statement also revealed that interim manager Neale Marmon had left the club.
The announcement ended with the promise to supporters that: ‘The club will continue to seek potential investors whilst concentrating on planning to bounce back from relegation.’
The Glovers’ relegation to the National League was confirmed in the penultimate game of the League Two season, and they will return to non-league football for the first time since 2003.
The news left Yeovil supporters with many unanswered questions not least how the latest development conflicts with confirmation that the club had reached an agreement with Couhig in February.
It was understood the American investor would buy ninety-two per cent of Yeovil Town Holdings Ltd, which owns the football club, Huish Park Stadium and surrounding land.
Worried and concerned fans soon took to Twitter to react to the latest announcement, with the current owner Norman Haywood coming in for a large amount of criticism and concerns voiced about the prospect of a second relegation next season.
Here is a selection of their responses.
Absolute catastrophe! The clubs only going one way and its such a shame to see! Get someone in charge who wants to take the club somewhere other than down!
— Dan Wilcox (@DanWilcox11) May 8, 2019
Heard about it yesterday. Conference South here we come…
— Brad Northcott-Jones (@Brad_Northcott) May 8, 2019
All you had to do was sack Darren way 12 weeks earlier and we would have been a completely different club in a different position
— Alex Maggs (@AlexMaggs6) May 8, 2019
Hardly helped appointing Marmon – I would suggest Darren had a far better record that he did, not to say Darren was pulling up trees but to sack him with no plan was suicide!
— Simon Gould (@SimonDGould) May 8, 2019
How can the owners search for a manager when they no longer want/can own the club? The actions of Fry, Hayward and co have put the club that do many people love at risk. Hang your heads. #ytfc
— Nathan Fossey-Barr (@NathFosseyBarr) May 8, 2019
Let the fans own it people that love the club you money grabbing c*nts fry and Hayward! Absolute mess a lot of good people at the club deserve so much better!
— Sam Bailey (@SamBail14716614) May 8, 2019
Utter shambles
— Pete Higgins®️™️ (@petehigg245) May 8, 2019
https://twitter.com/SO9103932293/status/1126049643840843776
Hello national league south #RIPYTFC pic.twitter.com/zvVdINdGQM
— Fin Barge (@FinBarge) May 8, 2019
Any news on season ticket prices. I really want to buy one. Oh wait.. no I don’t.
— Pete Higgins®️™️ (@petehigg245) May 8, 2019
