Leamington have announced the sale of shares in the club which will bring in around £50,000 in revenue, enabling them to meet ground grading requirements.
The National League North club’s chairman Jim Scott confirmed the news as part of an update to supporters.
Scott explained: “Many of you will have seen pictures of the impressive new seated stand (198 seats) on the ‘Sheepside’ side of the ground, with a further 56 seats installed in the covered terraced stand on the Car Park side, thus taking the total number of seats to 508.
“We have additionally filled in the gap between the seated stand and covered terraced stand on that side, thus making the stand a continuous one. We have had to re-position the dugouts on the ‘Sheepside’ to ensure that we meet ground grading requirements for ‘line of sight’ viewing for spectators.
“We have ongoing work to re-install fencing on the ‘Sheepside’ and that work will be done in the coming months.
“As we all know, finances have been challenging this past year, but we are delighted to advise you that individuals have come forward to finance the circa £50k cost in return for shares in the club.
“This was hugely appreciated, as the club would have been relegated had we not met the 31 March, 2021 deadline for the installation of the additional 250 seats.”