VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Walsall FC Banks’s Stadium put up for sale

Tue 15th Mar 2011 | Football Stadiums & Facilities

Walsall Football Club was yesterday informed by its Landlord Suffolk Life Annuities Limited of their intention to sell their freehold interest in the Banks's Stadium site.

The group that owns the stadium have not said how much they are asking for the ground, but it’s understood that the Saddlers were charged £466,752 in rent last year.

A statement on the club’s website read  “The Club would like to take this opportunity to assure all Employees, Supporters, Sponsors and Commercial Partners that this does not affect The Walsall Football Club Limited in any way and that the Club will continue to operate as normal.”

Walsall, who moved to stadium in 1990, has a secure lease on the Banks's Stadium site stating “a change in the ownership of the Freehold of the site will purely reflect a change of Landlord.”

Reassuring their fans the statement also said; “For the avoidance of doubt it is the freehold of the Banks's Stadium site that is for sale and not the Football Club. The ownership of the Club and Directors' shareholdings remain unchanged. All contractual and commercial commitments the Club has also remain unaffected.

Speaking to the Express & Star newspaper, supporters group Unity admitted they were cautious but hope it can lead to a positive change.

They said: “Unity welcomes the news today that the freehold of Walsall FC has become available to purchase.

“Last season we campaigned for the return of the freehold to Walsall FC and we remain cautious as to the ambition of any would-be landlord but we hope this is a progressive step in the transformation of our football club.”

----------------------------------------------------------------------------------------------

Advertisment - KABA Turnstiles

 

RETURN TO LATEST NEWS SECTION

 

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Everton Plan New Stadium At Bramley Moore Dock

Thu 23rd Mar 2017 | Football Stadiums & Facilities

Everton Football Club’s search for a site to build a new stadium are finally set to come to an end as they announce plans to build an iconic waterfront stadium in the city. Liverpool City...

Former Groundsman Praises Playability Of SISGrass

Mon 13th Mar 2017 | Football Stadiums & Facilities

Former Hull City groundsman Craig Backhouse believes more football clubs should join the SISGrass revolution. Backhouse, who now works as an Installation Supervisor at SIS Pitches, worked at Hull City...

SIS Pitches Enjoy Dominant Year Following Key Projects

Fri 24th Feb 2017 | Football Stadiums & Facilities

Sports pitch-specialists SIS Pitches enjoyed a standout year in 2016, as a number of prestigious projects helped to propel the company to even greater heights. With a group turnover exceeding...

SIS Pitches Seal Fourth World Cup Stadium

Thu 23rd Feb 2017 | Football Stadiums & Facilities

SIS Pitches has agreed a contract to complete work for a fourth stadium for the 2018 World Cup in Russia. The new Baltic Arena, Kaliningrad, one of twelve stadiums to be used during the finals, is set...