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Community Stadium - Club Statement

25 March 2015

AS part of the Grimsby Town Football Club PLC’s aspiration to relocate to a brand new community stadium, the Board of Directors is exploring all options for new investment.

An enabling development is an essential element of the club’s relocation plans, as it provides essential funding.

The planning process will require the club to demonstrate that the scale of the enabling development is only sufficient to catalyse the scheme, and no more.

In this regard and as part of the club’s due diligence to secure the necessary funding, it is seeking external investors, which could be local, national or even international.

Expressions of interest are invited with all options considered, which could lead to a shift of overall control, on terms that may suit such an investor.

The Board are to form a working group to be chaired by Stephen Marley to receive expressions of interest and report back to the Board of Directors with their findings within 3 months.

Any such interested parties will be required to comply with all the obligations and requirements of the Football Association’s “fit and proper test” and also have the funding required to ensure that the club remains a going concern and can fulfil its aspirations.

The Board of Directors wish to stress that this is purely a due diligence exercise, to explore if there are potential investors to assist the club in achieving its objective to relocate and become self sustainable.

All enquiries should be made to the club's chief executive (Ian Fleming) - companysecretary@gtfc.co.uk, or by calling 01472 605050

You can see today's press conference below.

 

Directors Stephen Marley and Dave Roberts at today's press conference. 

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