Wealdstone say the club have been advised by Sport England that they are eligible for a loan as part of the Sport Winter Survival Package.

The National League side also say they expect official FA confirmation that their ground meets National League grading.

On the loan, the club have said: “This loan will play a critical role in ensuring that the club can continue to operate through the remainder of this season and next season whilst the external environment normalises and we can build our revenue streams at National League level.

“The loan has a 20-year term on a 2% interest rate, with repayments commencing in year five after an initial payment holiday.

“Whilst the board have shared their views on the appropriateness of loan funding and the circumstances in which this means of financial support has been arrived at, it is clear from our dialogue with various parties that grant funding will not be made available at the current time.

“Therefore, the board are recommending that the loan offered is accepted to alleviate both short-term and medium-term funding challenges.

“The board remain committed to ensuring the financial stability of the club and will continue to manage the club’s finances prudently as we seek to build the club’s footprint and revenue streams to ensure both the repayment of this loan but also continued progress on and off the pitch.”

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