Earlier this year we announced that the Board of Directors were exploring all options in seeking new investment to assist the club in achieving our objectives of relocation and becoming self sustainable.
The working group formed specifically to report to the Board on this matter have concluded their review and made it’s recommendations to the Board.
Following their recommendation the board has appointed investment consultants to explore and consider all options for potential new investment.
Matters are progressing nicely and the club are pleased to report the following.
Heads of terms are out to various land owners which relates to the enabling land required, primarily for the purpose of an associated housing scheme.
The next step is to reach formal agreement with the various landowners accordingly.
The two studies which the council undertook independently to assess the benefits of a new Community Stadium and other site options for a new Community Stadium, are now completed and the club understands that they will be considered by Cabinet early on in September.
The club is pleased with the steady progress and looks forward to when the Council is in a position to announce its findings.