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Friday, December 30, 2005

Screwfix Millionaire Sells Yeovil To Ex-Boss

The founder of Screwfix Direct and the main financier of Yeovil's rise up the divisions, Jon Goddard-Watts, has sold his majority stake in the club to former manager David Webb.

Goddard-Watts bought a majority stake in the club, then in the Conference, in late 2001 and pumped over £1million into the club over the next 18 months - bankrolling the clubs move into League One.

David Webb was manager at Huish Park in 2000 and aided the side's move to full time status. Most recently, he spent time as caretaker-boss at Southend two years ago.

At the end of last season, Chairman John Fry told the press: "If we can keep this team together and keep Gary Johnson and his backroom staff then we could have an incredible future.", however the loss of Johnson to Bristol City has seen the side struggle this season, and the loss of their major backer could see the financial reigns being tightened.