Port Vale owner Norman Smurthwaite is the new owner of Nuneaton Borough’s ground after the deal was approved by the EFL.
Smurthwaite was approached by Nuneaton’s chairman Lee Thorn to buy their Liberty Way Stadium to help the club through financial problems. As a result, it is believed the club has been able to pay off debts which in turn mean it is able to stay in the National League North.
The deal had to be approved by the EFL because of rules which limit the involvement one person can have in two clubs.
However, Smurthwaite has revealed they have this month approved the deal.
He told The Sentinel: “I was approached on the Thursday and bought the club the following Friday.
There was a (EFL) board meeting to cover lots of things and one of the things raised was me purchasing that stadium.
“There are certain conditions as you would expect because you can’t have dual ownership. So, I have no influence over what happens football wise, I am just the landlord. I am spending a little bit of money bringing the stadium up to the level it should be.”
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