Hunslet have opted to remain supporter-owned, rather than adopt a proposed hybrid supporter/investor ownership model.
The club confirmed the decision following a meeting last week.
Hunslet announcement in a statement: “A question and answer session with non-executive director Damian Irvine – who, with investor Jason Peterkin, has been conducting a `due diligence’ review since November – was preceded by a presentation from outgoing chairman Neil Hampshire, who explained that following the period of due diligence it had been decided that the club would remain fully supporter owned, largely because only a small number of investors had expressed interest.
“And, as all were in favour of the club retaining a majority shareholding, the work required to set up a separate Investment Group company to support a Hybrid Supporter/Investor ownership model wasn’t deemed cost effective.
“Hampshire, however, did point out that the benefit of those considerations was that the work had been done to create a hybrid model should the position need to be revisited in the future.
“He also stressed that the club still remains open to considerations of returning back wholly into private ownership, but that it was important that any offer be to the benefit of the club as well as any individual or consortium.”