After working extremely hard over the past week to secure the future of Oldham Athletic, we are very pleased to be able to provide an update regarding the application for administration made by Brass Bank Limited (current owners of Boundary Park).
The Club has reached an in-principle agreement with Brass Bank to purchase Boundary Park and the surrounding land. The Club has also paid Brass Bank a significant sum towards the final settlement figure. Contrary to reports, the ownership of the Club has not changed at all.
The application was heard at 14:00 today, and adjourned until 21 April 2020 at the request of both the Club and Brass Bank, allowing the parties further time to formalise the agreement and for the Club to pay final sums to Brass Bank.
In terms of the North Stand, this agreement means that we can begin to sell season tickets for next year. We will update fans with the details as soon as possible.
We will of course now also be working on completing the safety improvements mandated by the Council safety advisory group and hope to re-open the stand as soon as these are satisfied.
We know that this has been a very unsettling time for the fans and all associated with Oldham Athletic AFC.
We believe this to be the right deal for the future of the Club and that it will, once complete, put us in a far stronger position to be able to deliver the experience, football and results we all desire.
The focus can now turn back onto to the pitch tomorrow and we know our great away support will be cheering on the players at Crawley Town.