THE ARCHIVE
Sharp end
Grimsby, Mansfield, Halifax | Grimsby, Mansfield, Halifax |
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Niggling problems with grounds predominate this month. However, there’s been a rare victory for supporters over property developers at Cambridge City, where the Blue Square South club are celebrating a court ruling that they had been fraudulently misled by the firm that bought Milton Road two years ago. The club sold the site to developers Ross River to meet pressing debts, with City then renting it from the company in lieu of finding a new ground, while Milton Road would be sold for housing. This left the club facing eviction in May. But hackles rose when it emerged that Ross River had bought out City’s entitlement to a 50 per cent share of future profits of the ground sale for a mere £900,000, when the estimated value of the land was around £13 million. That then-chairman Arthur Eastham also received a payment of £10,000 as part of the deal further angered fans. In the furore that followed, the entire board resigned, with the exception of long-term benefactor, and now chairman, Kevin Satchel. City are now run by their supporters’ trust. But High Court judge Mr Justice Briggs last month ruled that Ross River had misled the club with its profit estimate and in saying that 130 homes would be built on the site when around 200 were planned. As a result, City’s entitlement to the 50 per cent share of the profits was reinstated, although they had to repay the £900,000 (plus interest) they’d received, and agreed to pay £70,000-a-year rent until 2010, when the ground will be sold. Thus reprieved, however, the club failed in court to have ownership of the land returned to them. From WSC 249 November 2007
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