Latest news with #TilstoneHoldingLimited
Yahoo
23-04-2025
- Business
- Yahoo
Banbury United stadium issues stall investment
Potential investors into a non-league football club would like "assurances regarding the current and future home" of the team before providing capital, the club has told its members. Banbury United are in the seventh tier of English football and have played their home games at the Banbury Plant Hire Community Stadium since the 1930s. In January, club members voted to explore the potential of a switch from its current community-owned model to private ownership. But chairman Wayne Farrell said despite finding potential investors, the club was at a "significant disadvantage" due to its tenancy agreement with the ground's owners. "The excellent news is that Banbury United – a well-run football club with no significant debt – has attracted potential investors with some ambitious plans," Mr Farrell told members. The club has resided at its home, on Tramway Industrial Estate, on 12-month leases for "many years", Mr Farrell explained. "This lack of security puts the club at a significant disadvantage when it comes to attracting funding and prevents it from being developed in any substantial manner," he said. "Understandably, therefore, certain interested parties want assurances regarding the current and future home of Banbury United FC before they proceed with compiling their full offer and declaring their interest publicly." The club said a series of meetings with its landlord, Tilstone Holding Limited, had focussed on the options for a longer-term lease solution. Mr Farrell said negotiations had "brought both parties close to identifying and agreeing a mutually acceptable pathway". He said options included financial support towards a new stadium, or a longer-term rental agreement at the current ground. But he added the parent company of Tilstone Holding Limited was now subject to a takeover offer and further discussions were on hold until that had been concluded. In the meantime, the club said it would remain community owned into next season, and would operate under a strict budget until it settled on an "exact ground solution". You can follow BBC Oxfordshire on Facebook, X, or Instagram. Football pitch left submerged by flood-water Private hospital funds football club's new stand Banbury United
BBC News
23-04-2025
- Business
- BBC News
Banbury United stadium issues stall investment plans
Potential investors into a non-league football club would like "assurances regarding the current and future home" of the team before providing capital, the club has told its United are in the seventh tier of English football and have played their home games at the Banbury Plant Hire Community Stadium since the January, club members voted to explore the potential of a switch from its current community-owned model to private chairman Wayne Farrell said despite finding potential investors, the club was at a "significant disadvantage" due to its tenancy agreement with the ground's owners. "The excellent news is that Banbury United – a well-run football club with no significant debt – has attracted potential investors with some ambitious plans," Mr Farrell told members. The club has resided at its home, on Tramway Industrial Estate, on 12-month leases for "many years", Mr Farrell explained."This lack of security puts the club at a significant disadvantage when it comes to attracting funding and prevents it from being developed in any substantial manner," he said."Understandably, therefore, certain interested parties want assurances regarding the current and future home of Banbury United FC before they proceed with compiling their full offer and declaring their interest publicly."The club said a series of meetings with its landlord, Tilstone Holding Limited, had focussed on the options for a longer-term lease Farrell said negotiations had "brought both parties close to identifying and agreeing a mutually acceptable pathway".He said options included financial support towards a new stadium, or a longer-term rental agreement at the current he added the parent company of Tilstone Holding Limited was now subject to a takeover offer and further discussions were on hold until that had been the meantime, the club said it would remain community owned into next season, and would operate under a strict budget until it settled on an "exact ground solution". You can follow BBC Oxfordshire on Facebook, X, or Instagram.
