Molesey Football Club saved by property development

This Is Local London: Saved: Molesey will stay at their Walton Road home Saved: Molesey will stay at their Walton Road home

A 61-year-old football club have been saved from threat of closure, after a developer struck a deal to build 20 homes on the site of their ground.

Molesey FC will see their Walton Road pitch moved 15m to increase developable land, allowing Cobham-based Rushmon Homes to build houses on the site.

The development will generate enough money to meet the club’s debts and allow it to continuing playing at the site, along with helping to make improvements to the ground such as floodlights.

Mike Ratcliffe, chairman of Rushmon Homes, had wanted to help the club for a number of years, and was only able to act after securing a multimillion pound loan from Natwest.

Mr Ratcliffe said: “We are delighted to be partnering with Molesey Football Club in order to help ensure its successful long term future. The income from the development means the club can sort out its old debts while at the same time make much needed improvements to the ground.

“The development really is a fantastic example of how to use urban land in tandem with a sports club while at the same time providing a significant contribution to social housing in the area.”

The site will include eight affordable homes, managed by Elmbridge Housing Trust, and 12 houses, which will go on the market in autumn 2014.

Comments (1)

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1:23am Mon 26 May 14

24357948 says...

what this effectively does is give the land a change of use deed from leisure I.E. football to housing development just like they did with the secondary school we once had so it is now only a matter of time before we se molesey football ground disappear with more housing taking its place
what this effectively does is give the land a change of use deed from leisure I.E. football to housing development just like they did with the secondary school we once had so it is now only a matter of time before we se molesey football ground disappear with more housing taking its place 24357948
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