MOTHERWELL have all but ruled out a move to a new stadium at Ravenscraig in the near future.
Club chairman Derek Weir told fans this week that, while they’re keen for a switch to the former steelworks site, the £15 million cost is far too much.
The admission came at a meeting to discuss future club ownership following the summer departure of John Boyle.
Chief executive Leeann Dempster outlined a scheme where fans would contribute sums ranging from £300 to £25,000 and ultimately gain control of the club.
It’s hoped The Well Society will raise £1.5 million in its first year, but Mr Weir dismissed the idea that some of this could be put towards the cost of a replacement for Fir Park.
He told the meeting at Strathclyde Park’s Alona Hotel: “I personally would love to move, but we are nowhere near a new stadium.
“Our only contribution to the cost would be the sale of the existing ground and how much is that worth?
“We would need someone else to make the running, North Lanarkshire Council for example, but councils are cutting back every day. There would be an outcry if the council decided to spend money on a stadium.”
For full story, see this week’s Times & Speaker, dated Thursday, September 8.