New stadium key to York's future
Submitted by WG on Sun, 02/10/2011 - 14:17
York City FC's planning application for a new stadium holds the key to their future. The club owe £2m to the Football Stadia Improvement Fund of the Football Foundation. York borrowed the money to purchase thier Bootham Crescent ground and will need either to repay this sum or convert it to a grant by September 2013.
If York City FC's application for a new 6,000-seater ground is unsuccessful, then the club will have to sell Bootham Crescent to raise the cash. The club would then have to go part-time which would hit support levels as well as commercial and sponsorship income. It would probably put paid to York's hopes of a return to the Football League.
