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Club News

Statement re Council Loan

23 July 2016

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In relation to the loan made by Chesterfield Borough Council to the club, director & company secretary Ashley Carson has made the following statement:

Over the last month, the loan from Chesterfield Borough Council has been addressed by A&S Leisure and paid back in full.

The initial mortgage made available by A&S Leisure to complete the construction of the Proact Stadium has now been re-structured to the value of £2 million. This will be paid back over a ten-year period and attract a fixed interest rate of 5%.

The first charge levied on the stadium by Chesterfield Borough Council has now been removed and transferred to A&S Leisure.

The club would like to thank Chesterfield Borough Council for their loan and I would like to thank them for the efficient way they have dealt with this.

The transaction will be noted in the 2015/16 audited accounts, but will not actually show until the 2016/17 audited accounts.

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