Falmouth Town AFC calls shareholder meeting over move away from Bickland Park (From This is The West Country)
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Falmouth Town AFC calls shareholder meeting over move away from Bickland Park
Falmouth Town AFC will hold a closed meeting for shareholders on Monday, November 11, to vote on whether to enter into 'formal discussions' with Falmouth School about a joint venture which could see the club move away from Bickland Park.
Informal discussions - described as ‘very positive’ - have already taken place with the school, but in order to move those talks on the club needs to seek the approval of its shareholders.
In a statement, a Falmouth Town AFC representative said: “We now look forward to the possibility of entering into more formal discussions subject to meeting with shareholders and a vote being passed.”
That vote would appear to be little more than a formality. Given the club’s well -publicised financial difficulties, any plan which offers a potential escape route out of Bickland Park is unlikely to meet with resistance.
The ground, which Falmouth Town has called home since 1957, backs on to a residential area, and has in the past been valued at well over £2.2m.
Buyers, the club insists, will not be difficult to find and planning permission relatively straightforward to come by for any prospective developer.
In accordance with the club’s constitution, money from the sale of Bickland Park would go towards paying off its outstanding debts and the cost of building another ground.
But there are those who remain opposed to the idea of selling off Falmouth Town’s only assets, believing instead that the club should drop into a lower league and look at restructuring - a process which would involve it abandoning senior football.
The current directors, however, disagree.
They remain committed to Falmouth’s continued involvement in the Peninsula League, and say that dropping into lower divisions would cause irreparable damage to the club.
“It’s just not an option,” a club spokesman said. “Once you drop down the leagues it’s almost impossible to get back. We’ve not even considered it.”
If further talks with the school are similarly positive the club will hold a public meeting later this year.