OUR THOUGHTS ON THE LEASE NEGOTIATIONS WITH CHORLEY COUNCIL

OUR THOUGHTS ON THE LEASE NEGOTIATIONS WITH CHORLEY COUNCIL

October 8, 2017 Victory Park 0

The recent announcement from the club of progress in negotiating a lease with the council for Victory Park is good news after a long quiet period. There’s very little detail though beyond a commitment to have a lease in place by the end of the year.

Security of tenure on Victory Park in the shape of a long-term lease is an essential requirement. Funding bodies demand that clubs can prove they will be playing in their stadium for the long term before awarding grants. For example, the Football Foundation’s FA and Premier League facilities fund requires that the club own the ground or have a 25 year lease.

Grant funding aside, the club will naturally want security before investing money in anything beyond the minimum necessary upkeep of Victory Park. This is of course a very sensible approach. There’s no point in spending thousands on ground improvement if we might be playing somewhere else next season.

The current lease was agreed in haste following the transfer of Victory Park into council ownership, and lasts until the end of the current season.

We fully support the club’s efforts to secure the long term future of the club and are ready to help in any way we can.

We look forward with keen interest to an announcement this side of Christmas that a lease is in place.