UPDATE FROM THE BOARD: LEASE AND INVESTMENT

The Wealdstone FC Board of Directors wishes to provide an update to supporters, shareholders, sponsors and other key stakeholders on the progress of the club's new lease at Grosvenor Vale and the proposed investment by Nick Semaca.

As has been stated frequently, the signing of the lease is critical to the survival of the club and therefore the ability it has to play such a prominent role within its local community.

Nick remains committed and keen to conclude his investment to help drive the club's progress towards becoming a sustainable community club in a stadium of its own.

Wealdstone FC is also in regular dialogue with The National League, who remain understanding and sympathetic toward the club's immediate priorities and challenges.

As of today, the proposed new lease with The Vale's landlords remains unsigned despite further discussions.

As a club, Wealdstone FC believes it has been both proactive and pragmatic in agreeing changes to the lease since the heads of terms were signed in June, however a number of points remain unresolved. These points remain with the landlords' solicitor pending instructions.

The Board firmly believe that the outstanding points can be quickly resolved with the right engagement and will continue to work hard to secure the signing of this lease as soon as possible.