Entrepreneur Srinivasan completes Yeovil takeover
Entrepreneur Prabhu Srinivasan has completed the takeover of National League club Yeovil Town from former owner Martin Hellier.Srinivasan's company, Inflection Holdings, have acquired all shares previously held by the Hellier Trading Group, with Srinivasan becoming owner and chairman.Hellier stepped down as chairman at the end of March and confirmed his intention to sell the Glovers. "Investing in Yeovil Town Football Club is a moment of immense pride for us," Srinivasan said."This club's rich history and potential inspired us, and we are committed to being a responsible steward as we embark on an exciting new journey together. We are focused on making a positive impact on players, fans, employees and the entire community."Srinivasan, who lives in Dubai, is said to have 30 years of experience in banking, retail, technology, travel, real estate, e-waste and wellness.A club statement said he has also "built one of the largest multi-sports youth platforms in India and the Middle East".Stuart Robins, who was made interim chairman after Hellier stepped down, has become executive chairman and will work alongside Srinivasan.
The purchase marks the second takeover at Yeovil in the past three years, and ends a successful but stormy chapter at Huish Park under the ownership of Hellier, who took over in May 2023.Hellier, a long-time Yeovil fan and previous club sponsor through his firm, took over the Glovers during another turbulent period, following a failed takeover attempt by the SU Glovers and the club's relegation from the National League.The club won promotion from National League South in 2024, although recently published accounts show the club made a loss of almost £2.8m in the process, and Mark Cooper's men finished 18th in the fifth tier this season, four points above the relegation zone.However, Hellier's relationship with sections of the fanbase became hostile after he banned some supporters from the ground for comments made on social media. This led to a backlash directed at Hellier, who responded with abusive posts of his own.
Robins said he was "confident" that Yeovil is in "great hands" under Srinivasan, who was at Huish Park last month to see their 2-1 defeat by Sutton United."I'm excited to commit to the long-term vision we have co-created, centred on developing and growing the club for our wonderful supporters," he added.
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