SM
Thursday, March 28
Upcoming predictions and previews

SFA agree deal with Queen's Park to buy Hampden

:Headline: SFA agree deal with Queen's Park to buy Hampden: ID:362413: from db_amp
Following nine months of protracted negotiations with Queen's Park, a fee has been agreed for the purchase of the 52,000 seater arena.

The Scottish Football Association has finally clinched a deal with Queen's Park to buy Hampden.

The governing body's lease on the National Stadium expires next year and an option to move major cup finals and Scotland matches to Murrayfield was explored before being ruled out last year.

But SFA bosses made it clear they would only keep their base on the slopes of Mount Florida – which has been home to the Scottish national team since 1906 – if they were given the keys to the stadium for good.

Now following nine months of protracted negotiations with Queen's Park, a fee – reported to be £5million – has been agreed for the purchase of the 52,000 seater arena.

In a statement, the SFA said it had "concluded a legally binding agreement with Queen's Park FC for the transfer of ownership of Scotland's National Stadium, Hampden Park".

It added: "Heads of terms were signed in September last year after a period of dialogue and after further discussion on structural and financial aspects of the agreement, a formal legal offer was issued on behalf of the Scottish FA on 7 June, 2019.

"We have now received notification from Queen's Park that they have accepted the final and binding deal.

The governing body's lease on the National Stadium expires next year (Ian Rutherford/PA)

"Key stakeholders including Scottish Ministers, sportscotland, Big Lottery Fund and Glasgow City Council have been informed of this formal agreement and the transfer of ownership will take place on 1 August, 2020 – after Hampden Park hosts its UEFA EURO 2020 fixtures.

"The board of the Scottish FA will now seek to ensure ownership of Hampden Park is a game-changer for the Association, its members and all its stakeholders."

SFA chief executive Ian Maxwell says plans to upgrade the historic home of Scottish football and the poor vantage points which have long frustrated supporters are already being considered.

New SFA president Rod Petrie added: "Given the hard work from everyone since the agreement of last September, I am pleased we now have a legal contract with one of our member clubs for the good of Scottish football.

"The real work begins now to ensure Hampden Park can continue to serve the needs of the game and be an inspirational home for Scottish football in the future.

"We can build on the short-term work currently undertaken to make Hampden Park, Glasgow and Scotland a memorable Host City Venue for the forthcoming UEFA EURO 2020 finals."

amp_article__362413 : Database Data restored...  : 
last updated article - 2019-06-19 15:28:59:
html db last update - 2021-03-07 07:37:57 :

ex - 7200 : read : read cache amp html

Click here for more stories about Queen's Park

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Dundee UnitedDundee Utd30178557213659
2Raith Rovers29177549361358
3Partick ThistlePartick30121085649746
4AirdrieoniansAirdrieonians28116113332139
5Dunfermline AthleticDunfermline30108123439-538
6Greenock MortonMorton29107123534137
7Queen's ParkQueen's Park3099124348-536
8Ayr UnitedAyr29105144153-1235
9Inverness Caledonian ThistleInverness30711123435-132
10Arbroath2965183065-3523
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . . .