UPDATE: LEASE EXTENSION AT GROSVENOR VALE

The Board of Directors wishes to provide supporters and shareholders with an important update regarding the signing of the lease extension at Grosvenor Vale.

Following the announcement on 25th June that Heads of Terms had been signed with our landlords, KSIMC of London (Hujjat), it was agreed that the full lease would be completed within six weeks. Unfortunately, this target has not been met.

When the Heads of Terms were signed, we believed that the commercial position had been fully agreed with KSIMC. However, we have since been made aware that some of the terms may require renegotiation. Discussions are currently underway to resolve these matters.

We have also experienced unexpected delays in receiving correspondence from KSIMC’s solicitors. While this has slowed progress, we are pleased to confirm that a response has now been received and we hope this will help expedite the process moving forward.

Despite these setbacks, the Board remains confident that the lease will be signed, securing Wealdstone’s long term future in the National League at Grosvenor Vale.

We will continue to keep our supporters and shareholders updated as matters progress. The Board remains fully committed to doing whatever it can to ensure the lease is signed as soon as practically possible.

The Board of Directors, 

Wealdstone Football Club