Back to the Premier League Newsfeed

Huddersfield Town must repay £35m to ex-owner Dean Hoyle before August 2022 having used parachute payments for Phil Hodgkinson takeover

Huddersfield Town used Premier League parachute payments to agree last summer's takeover - leaving them behind a financial eight ball.

The Terriers published their accounts on Thursday, in which it was confirmed that former owner and lifelong supporter Dean Hoyle must be paid a minimum £35million over the next two years.

Hoyle relinquished majority control of the Championship club last May, handing over the reins to fellow supporter and local businessman Phil Hodgkinson.

Former Huddersfield Town owner Dean Hoyle must be paid at least u00a335m in the next two years
Local businessman Phil Hodgkinson (above) took control of Huddersfield Town last May

Rumbling fears that the deal was based on parachute payments after relegation from the top tier were confirmed on Thursday.