Updated Headline: Update on Vale Lease: Agreement Remains Unfinalized
The Wealdstone FC Board of Directors has issued an update regarding the anticipated investment by Nick Semaca. His acquisition of a 50.1% stake in the club has faced delays beyond the previously expected completion date of October 31. This holdup is attributed to ongoing issues concerning the signing of a new lease agreement for Grosvenor Vale.
The Board recognizes the frustration these delays are causing among supporters and shareholders. Dialogue with the landlord, KSIMC, remains constructive, indicating that they aim to finalize the lease soon.
Commitment from Nick Semaca
Despite the setbacks, Nick Semaca remains committed to completing his investment in Wealdstone FC. His enthusiasm for the club’s long-term vision has not diminished. Currently, he is in the UK, prepared to finalize the investment once the new lease for Grosvenor Vale is executed.
Impact of the Investment
Nick Semaca’s investment is crucial for unlocking the club’s potential, which includes plans for a new stadium. The Acting Chairman, Dominic Whyley, expressed disappointment over the continued delays but maintains confidence in positive outcomes for both the lease and the investment.
- Investment Stake: 50.1%
- Initial Completion Date: October 31
- Current Status: Delayed due to lease agreement issues
- Landlord: KSIMC
- Future Developments: New stadium plans
Whyley emphasized the importance of these developments for the club’s future, ensuring stability and progress toward a new purpose-built stadium. The Board is committed to providing further updates to shareholders and supporters as significant progress is made.
