Quick enquiry
  • Chelsea show 17

Oldham Athletic future secured thanks to council funding

Oldham Athletic's short-term future has been secured after they signed an agreement with Oldham Metropolitan Borough Council.

The Latics' financial stability and future at Boundary Park had been under a cloud after plans to move to a 15,000 community stadium were abandoned.

Oldham had reportedly paid £5m for land in nearby Failsworth believing that they could build a new stadium, however they had to cancel those plans due to a local covenant.

A deal has now been agreed which will see the local council buy the Failsworth site from the Latics, allowing Oldham to redevelop Boundary Park with the funds.

Speaking about the deal Simon Corney, managing director of Oldham Athletic said the news was"very welcome news after what has been a difficult and frustrating process for everyone.

"This has involved complex arrangements with regard to the club and land ownerships and we do want to emphasise that we still have a long way to go.

"We now have a chance to genuinely redevelop the current ground, and, as part of the agreement, we have taken steps to implement this and secure the club's future, which has always been our intention. For the first time I'm confident of paying more money into the football club aside from whatever we get from the council."

Matt Morris

Web design by Brick technology Ltd.