Council Loans for Club Takeover Approved

It has been confirmed that Chesterfield Borough Council and Derbyshire County Council have today resolved to each provide £500,000 loans to Chesterfield FC Community Trust to support the Trust’s acquisition and operation of Chesterfield FC, subject to final agreement on terms and completion of due diligence.

Councillor Tricia Gilby, Leader of Chesterfield Borough Council, said: “Chesterfield Football Club has been an integral part of life here in Chesterfield borough for over 150 years.

“Football has the power to change people’s lives for the better. At such a difficult time for all of us, we believe the Club and Trust have key roles to play in supporting Chesterfield’s social and economic recovery.

“We’ve been impressed by the Trust’s approach in looking at all aspects of the Club’s financial and business affairs, and we think it’s the right thing for the Council to do to back the Trust at this time.

“We are also pleased to be working collaboratively with Derbyshire County Council on this venture and we very much welcome their involvement.”

Councillor Barry Lewis, Leader of Derbyshire County Council, said: “Derbyshire County Council has worked with Chesterfield Football Club Community Trust over many years on a range of education, health and wellbeing and employment support programmes.

“The loans to the Trust will mean that these programmes will be critical in supporting the communities of Chesterfield and north eastern Derbyshire to recover from the coronavirus pandemic.

“We therefore believe it makes good sense for our two Councils to come together to help fund the Trust.  

“We’re confident that the Trust can breathe new life into the Club and bring new visitors from far and wide to enjoy not just the football, but all that the wonderful county of Derbyshire has to offer.”

Chesterfield FC Community Trust chairman Mike Goodwin said: “The decision announced today means that the Community Trust’s bid to purchase Chesterfield FC has taken a big step forward.

“I would like to thank the cabinets, leaders and executive officers of both councils for their valued support.

“The legal process is progressing with the aim of transferring the ownership of the club to the Community Trust as soon as possible.