In the summer of 1997 ownership of the club again changed hands.

David Lloyd
David Lloyd, the former tennis player and now successful businessman bought the club and Mark Hateley replaced Terry Dolan as manager. Expectations were raised amongst the supporters that the good times would return to Boothferry Park, which by now was a tired and distressed former shadow of the magnificent stadium that Harold Needler had built. This hope was to be short-lived however, as Lloyd was to become even more unpopular than the previous regime. Even worse was the serious threat of relegation from the League, for when a new South Yorkshire based consortium bought out Lloyd's holding in the Club, the Tigers were perilously close to the bottom of the Division.