Following a Board meeting on Friday 13th February it was decided unanimously that the Clubhouse project should not proceed at this stage and the scheme be re-assessed over the coming months.
The key factors behind the decision are as follows.
- The level of borrowing required to fund the gap between the private investment and the total cost of the project would not only put the clubhouse scheme in jeopardy but the football club as a whole.
- Expiry of the Football Foundation grant offer.
- The lack of private investment from the club fan base has also raised a concern about the desire to have the facility in place.
The clubhouse project is not dead but the current proposal is not viable at this time. It will be re-examined and added to the other future major projects that we currently have in the pipeline. These projects are as follows:
- New drainage system for the field
- Field levelling
- 2 Additional stands
- Changing rooms / Facilities at the Tudhoe complex.
The Football Foundation grant can be reapplied for and the Town Council have agreed to extend the lease to a period longer that the fifty years required. Alternative build configurations will now be investigated as will alternatives to the finance option.
Chairman Brad Groves said after the meeting ‘When I first got involved I spent a lot of time and effort clearing the debts of the club and I stated at the time that I would never put the club in a position that would risk its long term future. I believe that the decision was the best course of action at this time but we have not ruled out building the clubhouse. The project is still on our list of developments.’