Thursday 11 June 2009

Further Information on Stadium Company Proposal...

The Trust Board has now received confirmation that income from all stadium activities generated after the sale and leaseback of the stadium to the property company will accrue for the benefit of the football club (i.e. the tenant under the lease).

Whilst this is welcome, we do consider that a meeting to address all of the remaining issues would be the most productive way forward, and the Trust Board will continue to press the Club Board to agree to such a meeting.

Further updates will be posted as and when information becomes available.

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