Port Vale owner Norman Smurthwaite’s bid to buy Nuneaton’s stadium has gone through after the deal was approved by the Football League.
Smurthwaite was approached by Nuneaton’s chairman Lee Thorn to buy their Liberty Way Stadium after the club experienced financial problems.
As a result of the purchase, it is believed the club has been able to pay off debts which mean it is able to meet the financial requirements to remain in the National League North.
Nuneaton board member Ben Bruce told the Non-League Paper that selling the stadium had helped secure the club’s immediate future. Now supporters are hoping to buy the football club for the community.
The stadium deal had to be approved by the Football League because of rules which limit the involvement one person can have in two clubs.
However, Smurthwaite has revealed to the Sentinel newspaper that they have approved the deal.
THe club have also reverted from being called Nuneaton Town to Nuneaton Borough.