Asset of Community Value update

25 Jun 2013 | 6 comments

On 22 June 2013, Blues Trust submitted its application to list St. Andrew’s Stadium as an Asset of Community Value (ACV) under the Localism Act.

The Localism Act defines a building or a piece of land in a local authority’s area that furthers social well being and the social interests of the local community. If approved, the application will be held on record for a period of five years. For the duration of this period, the owner of the asset must inform the council of any intention to sell the stadium. Informing the council of this decision triggers a community countdown period of six months, which gives community groups or organisations the time to raise vital funds for a credible bid prior to being placed on the open market.

Speaking following the submission of the application to Birmingham City Council, Blues Trust chairman Steve McCarthy said, “The Asset of Community Value provides us with a real opportunity and we fully recognise the value of the application to our members. It highlights our intention to bring about sustainability at Birmingham City Football Club. It is a small, but positive step this positive step forward in a time of great uncertainty and challenge”.

The application process can last for up to two months. The Trust expects that a decision will be reached by the end of August 2013 at the latest. Further updates will be communicated in due course.

6 Comments

  1. Tony
    Tony on 25 June 2013 at 2:43 pm

    Is there anything to stop them from selling the ground whilst this application is being processed i.e. before 31st August?

    • Administrator
      Administrator on 26 June 2013 at 8:18 am

      Hi Tony,

      HSBC bank still have a debenture over BCFC assets, which would cover the ground. The ACV, if approved, would be a further safeguard against anything like this happening.

  2. John Hill
    John Hill on 25 June 2013 at 9:34 pm

    Well done to the Blues Trust.

  3. Peter J.Nicholls
    Peter J.Nicholls on 27 June 2013 at 11:19 am

    I have been through this problem before albeit at non-league with Atherstone Town>Atherstone United.
    There are grants available via The F.A.& the EEC.to help whatever other sources can raise any funds available.
    It must be in anyones comprehension that the selling of all assets is the main aim of this present Board of Directors.
    I am a season Ticket holder buying 3 tickets per season for myself & Son & Daughter but will not buy another ticket until a future can be seen.
    Regards
    Peter J.Nicholls

  4. jan sadler
    jan sadler on 2 September 2013 at 2:34 pm

    well done to the trust for all your hard work, fingers crossed.

  5. Eddie
    Eddie on 2 September 2013 at 9:48 pm

    KRO

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