Extended lease term for Hereford Football Club

[Colin James]

Extended lease for Hereford FC.

 

 

Herefordshire Council and Hereford Football Club have negotiated an extended lease term which will assure Hereford FC’s tenancy for a minimum of 10 years from the commencement date.

The club’s stadium and surrounding area continue to improve following the opening of the new shopping development and the construction of the new City Link Road. There is also an opportunity for the redevelopment of the Blackfriars Terrace end, as part of the proposed ‘Urban Village’ project. This would mean a new spectator stand and facilities, alongside other retail outlets, and would see the stadium being returned to four sides.

 

Speaking today, Hereford FC’s CEO Ken Kinnersley said: “It is quite apparent that the council recognises the work of many local people who volunteer at the club and also the financial investment in stadium renovation since April 2015. A longer lease time will justify further investment to fund improvements, allow time for a return on the investment and ensure we are eligible to apply for grant funding that may be available for future projects.”

 

Councillor Harry Bramer, cabinet member for contracts and assets said: “Hereford FC continue to make a great contribution to the city and its supporters. Many local traders benefit from increased trade on match days and the football club is an employer and a contributor to the local economy. The stadium is within the area designated for regeneration as part of the Urban Village redevelopment project. Herefordshire Council are seeking a development partner and it is to be hoped this will include some improved facilities for Hereford FC.”

 

[Harry Beynon]

Ten years is still a very short period if serious commercial investment is to be considered and HFC are already in Year 2.