Ingfield Saved! Home of Ossett United
In response to this week’s news reports we can confirm that our home, Ingfield, is safe.
Since the outcome of the court case was first known the Board of Ossett United have been working tirelessly behind the scenes to seek to find a way to manage this very negative outcome without further undermining the financial stability of the club and seeking to protect football at Ingfield.
We are pleased to say that a deal has been done to pay the damages and outstanding legal fees, however, we are still awaiting final confirmation that the order required to formally close matters has been approved by the courts. This understandably has been delayed due to Covid-19.
One of the key challenges we have had is securing borrowing to provide an opportunity for us to negotiate a settlement. Regrettably banks will not loan community football clubs money due to the risks of non-payment and whilst we could have borrowed money from other lenders, the interest rates were so high we would have struggled to repay the interest never mind the capital.
However, we are pleased to report that we have now been able to secure money at an incredibly low interest rate from people who are associated with the club, who wish to remain anonymous.
With this borrowing, along with contributions from the crowd-funder, we can confidently say that Ingfield has been saved. Thank you to everyone who has helped that cause over recent months.
Clearly, we have to pay back the money borrowed and there is a very clear agreement and payment plan in place. The quicker we pay this loan the quicker we can get back to where we should be financially, therefore, we thank all of our fans for their ongoing support to the club and for all fundraising events that they are organising.