The proposed deal for South Somerset District Council to purchase the stadium and land at Yeovil Town’s Huish Park has been approved today.
The deal would see the council lease back the property to the club, who have said in a statement:
“Councillors on SSDC’s District Executive committee met today (3 December) to consider the investment as part of a proposal to not only ease financial pressures on the club but also to benefit communities across the district. The club’s short-term financial concerns have been caused by the Coronavirus pandemic, with crowds prevented since March from attending National League matches for public safety and now continuing to be limited by COVID-19 restrictions.
“The proposal will also give YTFC the option to buy back the land the club occupies in the future when its financial outlook has improved.”
Council Leader Val Keitch said: “The decision to approve this proposal was made today following a detailed and thorough debate, which was quite right, given its importance.
“We have agreed to make an investment that will not only benefit a football club, which has such an important role to play in our community, but one which will also benefit our residents.”