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Scarborough Athletic FC granted £150,000 loan by North Yorkshire Council
Summary
North Yorkshire Council unanimously approved a loan of up to £150,000 to Scarborough Athletic FC to help its cash flow while the club's pitch is being refurbished; the team has been playing home matches at Bridlington during the work.
Content
North Yorkshire Council's executive committee unanimously approved a loan of up to £150,000 to Scarborough Athletic FC on February 17. The funding is intended to help the member-owned club with cash flow while repairs are carried out on its home pitch. Structural defects were discovered ahead of planned resurfacing last year, and the club has been playing fixtures at Bridlington Town while work continues. Council members discussed the terms and conditions, and officers said they will continue discussions with the club, including financial due diligence.
Key details:
- The loan is for up to £150,000 and was approved unanimously by the council's executive committee.
- The club has been playing home games at Bridlington Town because structural defects emerged during resurfacing preparations.
- The loan will be provided at commercial rates, and the council said a grant would be provided toward interest payments if repayments are made in line with the loan agreement.
- Councillors said the measure is intended as short-term support, and some emphasised it should be a one-off intervention.
- Officers confirmed ongoing discussions with the club, including financial due diligence and monitoring.
- Council representatives said the pitch refurbishment is under way and they hope it will be ready by the start of the new season, though final repair costs have not been disclosed.
Summary:
The loan is meant to help the club manage reduced revenue while its pitch is repaired and to support community programmes and youth opportunities associated with the club. The council expects the pitch work to be completed in time for the new season, and officials will continue discussions and due diligence with the club as the situation progresses.
