Truro City ground could be redeveloped by London investment company
The ground of Truro City Football Club could be redeveloped - it was revealed this morning.
An announcement said there will now be a "full consultation" on looking at a "possible alternative" ground for the 123-year-old club.
Pete Masters, the new chairman of the club, said a property investment company, Helical Bar, have an option to buy the ground from owners Jojo Investco Ltd.
Mr Masters said he received a statement from Helical Bar which said: "Helical Bar can confirm that it has entered into an agreement with Jojo Investco Limited (JIL) to assess the possible future redevelopment of the Truro City football club site.
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"JIL acquired the site earlier this year from Cornish Properties Limited."
The sale of Truro City Football Club to Pete Masters, owner of L2, and Philip Perryman, owner of A2B Taxis, was announced last week.
The statement from Helical Bar, which came to the West Briton from Mr Masters, said: "Fundamental to that dialogue (with Masters and Perryman) will be the need to secure the long future for Truro City football Club in Truro, and to reflect the club's widespread aspiration to grow and develop grass roots football for the community.
"This will involve full consultation with all interested parties about various issues, including possible alternative football ground for the club.
"Helical Bar recognise the determination of Mr Masters and Mr Perryman to conduct the affairs of the Club in an open and positive fashion, and to ensure that the previous lack of transparency about various aspects of the Club, including the ownership of the Treyew Road land, is not repeated in the future."