Cables Saved by Local Council
22-12-2018 I News Headlines
The future of Evo-Stik Northern Premier League Division One West club Prescot Cables has been secured after its local council came to the rescue.

Knowsley Council completed the freehold purchase of Volair Park for 300,000 and granted the club a 99-year lease.

 

Cables, which is owned by its fans, will now pay an annual rent of 12,000.

 

The Council took action in after Cables were told by their landlord they could not extend their lease.

 

As such, the club faced expulsion from the league.

 

Rental payments will ensure the local authority will recover the "cost of purchase and generate additional funds" in the years to come, the council said.

 

Council leader Graham Morgan told https://prescotcablesafc.com: "Prescot Cables Football Club has been a huge part of the town since 1884 and it would have been a terrible blow if the club had to close its doors.

 

"As soon as we knew the club was experiencing difficulties over the lease, we have been in discussions with them to help find a solution."

 

Fans can buy shares in the club for 5 per year.

 

Club chairman Doug Lace said: "The Board of Directors are delighted that we have been able to sign this new lease agreement which will secure our long-term future here in Prescot.

 

"We have been playing at the ground since 1906 but we have never before had the security of a 99-year lease".

 

 

 

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Cables Saved by Local Council
22-12-2018 I News Headlines
The future of Evo-Stik Northern Premier League Division One West club Prescot Cables has been secured after its local council came to the rescue.

Knowsley Council completed the freehold purchase of Volair Park for 300,000 and granted the club a 99-year lease.

 

Cables, which is owned by its fans, will now pay an annual rent of 12,000.

 

The Council took action in after Cables were told by their landlord they could not extend their lease.

 

As such, the club faced expulsion from the league.

 

Rental payments will ensure the local authority will recover the "cost of purchase and generate additional funds" in the years to come, the council said.

 

Council leader Graham Morgan told https://prescotcablesafc.com: "Prescot Cables Football Club has been a huge part of the town since 1884 and it would have been a terrible blow if the club had to close its doors.

 

"As soon as we knew the club was experiencing difficulties over the lease, we have been in discussions with them to help find a solution."

 

Fans can buy shares in the club for 5 per year.

 

Club chairman Doug Lace said: "The Board of Directors are delighted that we have been able to sign this new lease agreement which will secure our long-term future here in Prescot.

 

"We have been playing at the ground since 1906 but we have never before had the security of a 99-year lease".

 

 

 

Follow @NLeagueToday on Twitter for all the latest news from non-League football
Copyright Non League Today. Permission to use quotations from this article is granted subject to appropriate credit being given to the Non League Today website as the source and a link back to the Non League Today website.
 
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