 Within four days, there were over 50 potential buyers.In September 2008 it was announced that Starboard Settlement, a trust, had acquired the remainder of the lease for considerably less than the asking price.The trust formed a company based in Guernsey, Herm Island Ltd, to manage the island for the trustees.In 2013, negotiations for a 21-year extension to the lease broke down, with the tenant offering £440,000 and the owner requesting £6,000,000 plus improvements to infrastructure.