Grimsby Town Football Club held its 2018 AGM at Blundell Park this morning.
The panel included majority shareholder John Fenty and directors Philip Day and Stephen Marley.
The board gave an update on the club's proposed new stadium, and gave further information on the Freeman Street site.
On Peaks Parkway
John Fenty said: "You could only deliver relocation at a site like that with an enabling development because there's no huge Government money that's going to enable us to deliver - state aid rules wouldn't permit that in any event.
"So we have to find a way of paying for it - that could only be by way of retail or housing, and housing locally hasn't performed.
"And on another front, from a retail point of view, we all know how difficult the town centre is finding things - shopping has changed."
On Freeman Street
John Fenty said: "And further, a scheme - just along the road - was permitted for 150,000 square feet.
"It wasn't wanted by the officers, but it ultimately got political support so that scheme really signals the end of the ticket for delivery at Peaks Parkway - in the current sense.
"So, naturally, Peaks Parkway has gone very slowly and we've agreed with the Council to put it on the backburner.
"This culminates with the Town Deal, and the Council are working on what to do with the fish docks, what to do with areas of Freeman Street, and then further into town, which is great.
"And they've agreed with the Government a package of around £57 million - we're told none of that money can go towards helping to relocate the football club.
"But the Council has an aspiration to have the football club's new stadium based in Freeman Street.
"Time has moved on, and things have completely changed, in the sense that that land where the flats were on is now available.
"And, actually, I think it's available on terms that work for the football club.
"The problem thereafter is - is there sufficient space in total, do we need to get some more land by way of agreeing purchases, or CPO?
"All of that is now in the melting pot, and the Council are now looking at that, so that seemed to be their preferred choice.
"From a football club point of view, we're not precious where we go, but we are in need of a new stadium to progress and compete with our counterparts.
"It's hugely important to us. We've never said no to Freeman Street, but what we have said is - what will it be, ultimately when, and how would it be paid for?
"Those are the key criteria that the club is asking because yes, of course, we'd like to come on board - we'd love the Council to lead on this project because there's more chance of it happening.
"But those three questions we really need to be answered fairly soon."
Watch Part 1 above on iFollow Mariners - Part 2 and Part 3 here