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Category : Commercial

Date : 12 May 2008

Football_club_strikes_property_deal

Grimsby Town Football Club has announced it has struck a deal with a property developer for a project that will include a new stadium.

It has appointed Castlemore Securities as partners in the deal, which will see the club move from its existing Blundell Park ground in Cleethorpes.

The new £81 million venue will also include office, retail and leisure facilities.

Grimsby Town chairman John Fenty said: "The appointment of Castlemore to work in partnership with us will enable the project to be moved forward through the planning process."

The deal is the latest instance of a football club moving to a new stadium with facilities built in which can help generate more income from various sources.

Earlier this week Liverpool FC were granted planning permission for a new stadium, while their neighbours Everton have plans to move to a new ground in Kirkby as part of a plan to redevelop the town centre.


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