FC United have announced a ‘new and extended relationship with Manchester City Council,’ which the club say will secure their long-term future and strengthen their community impact.
Through the provision of a new credit facility of up to £250,000, the club say the council are to refinance a portion of the club’s borrowings that helped underwrite the development of FC’s Broadhurst Park ground. The loan is to be paid back over a 15-year period, which FC say provides ‘long-term finance for a long-term asset, and will be subject to interest in line with legislation referencing state aid rules.’
The council will also work with the club in identifying areas of revenue generation to aid FC in delivering on its commitments as a Community Benefit Society. On the pitch, the team are currently 8th in the BetVictor Northern Premier League Premier Division, but only seven points off leaders South Shields, as Neil Reynolds looks to lead FC into a promotion charge over the next few months.
The club were relegated last season, having been in the National League North since 2015, and various changes have been taking place in recent times, as alluded to by manager Reynolds in his recent Bosses’ Lounge feature on here.