IoW football ground could be sold to Asda

Wed, 02 Jan 2013 | BUSINESS SALE

The owners of Isle of Wight football club, Newport FC, are hoping to persuade supermarket giant, Asda, to buy the club’s ground for the location of their planned new store on the island, and then use the money from the sale to relocate the club.

Asda has already submitted a planning application to build a store next to the club’s ground, St George’s Park, but owners, South Coast Leisure (SCL) have said that if the current plans are given the go ahead then it would be impossible for the club to stay at the site.

They have claimed that by buying the club’s home ground, Asda could build a bigger store and £1 million made from the sale would be able to cover the relocation of the club to a new facility.

The Newport Football Club Supporters' Trust have told the Isle of Wight County Times that they will make sure to protect the future of the club, whatever the outcome of the dealings between Asda and SCL, which bought the park from administrators in 2004.

“The recent proposal and speculation as to where the club will play in the future will become clear in time,” the Trust told the newspaper. “It is quite possible we could remain at St Georges Park, our home for a quarter of a century. If however we are forced into a move, the trust will ensure any decisions made will be with the future security of the club as a priority.”


Share this article



Latest Businesses for Sale

Digital Marketing Agency in Web & Mobile App Design & Development
West Midlands, UK

Designs and develops websites and business critical web / mobile applications. Employs 19 talented and experienced in-house designers and developers. Operates from freehold premises. Our client is offering the business for sale to facilitate growth....

Asking Price: Offers Invited
Turnover: £1,000,000

FREEHOLD


Provider of Home Care
Yorkshire and the Humber, UK

Offers a variety of services including domestic assistance, medication administration, companionship and palliative care, as part of a 24/7 service. Care Quality Commission with a rating of ‘Good’ in all domains. Contractually provides its services t...

Asking Price: Offers Invited
Turnover: £1,300,000

LEASEHOLD


Fast Food Chain Restaurant
UK Wide

Currently operates from a number of restaurants, all of which are situated in prominent trading locations and benefit from high levels of footfall. Long-standing brand with a multitude of excellent reviews online. All dishes are prepared in store by...

Asking Price: Offers Invited
Turnover: £6,100,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
10
 
Dec
 

MBO at Derby rail sector recruiter | MBO/MBI

There has been a seven-figure management buyout (MBO) at Der...

 
09
 
Dec
 

Scunthorpe construction group call in administrators | ADMINISTRATION

Scunthorpe-based Clugston Group and Clugston Construction ha...

 
06
 
Dec
 

KPMG agrees to sell pensions arm | DIVISION SALE

Professional services network KPMG has announced that it has...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
24
 
Aug
 

Photo-Me snaps up Asda's photo business | DIVISION SALE

Photo-Me International, the instant photo equipment group, i...

 
28
 
Apr
 

Allan Leighton could sell Peacocks fashion retailer | BUSINESS SALE

Allan Leighton, former CEO of Asda and former non-executive ...

 
04
 
Aug
 

Asda to dispose of 30 Netto stores | DIVISION SALE

Asda has put 30 of its recently acquired Netto stores on the...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources