Bantams could leave Valley Parade

Last updated : 15 April 2011 By BBC Sport

Bradford City could leave Valley Parade in the next 12 months unless they can re-negotiate their rent payments.The club currently pay around ?700,000 a year to the pension fund of former chairman Gordon Gibb, and Prudential Property Investment Managers (PRUPIM).

Bradford joint chairman Mark Lawn told BBC Radio Leeds: "Hopefully they'll come to their senses, because if not - we can't stay here."

Bradford have played at the 25,000-capacity stadium since 1903.

Following their relegation from the Premier League in 2001, the ground was sold to the pension fund of Gibb for around ?2.5m and subsequently rented back to the club.

Bradford also rent the offices next to the ground from investment company PRUPIM, which - together with other costs - means the Bantams have to find almost ?1.3m a year.

Earlier this month the club were a week late in paying their quarterly rent.

Lawn said: "We're trying to put proposals to the landlords, one of which is the Prudential property arm, and they're talking to us.

"The other landlords have told us to go through their solicitors, we've gone through their solicitors and they're not coming back to us, so it's difficult.

"We're not turning around and saying that we need to drastically reduce the rent. What we're saying is that we need to reduce the rent in this league.

I've got to make sure Bradford City survive and some hard decisions have to be made

Mark Lawn

"There's no investors coming into Bradford City, not while the overheads are where they are because it's killing us down at this level.

"I don't want to leave this ground, but I've got to make sure this club survive and some hard decisions have to be made."

The situation is more complicated as Bradford would have to find a way of getting out of a lease that still has 17 years to run.

They would also have to find an alternative stadium to stage their games, with Odsal, where rugby league side Bradford Bulls play, the likely venue.

The Bantams spent 18 months at Odsal following the Valley Parade fire in 1985, which killed 56 people.

Interim manager Peter Jackson said: "Obviously I was here the day of the tragic fire and there's a lot of sentimental things surrounding the stadium, but if we can't afford it then we might have to move, and it'll be a sad day.

"I played there [Odsal] numerous times when we left here for the rebuild and I understand the overheads will be far cheaper there.

"Hopefully it won't come to that, but it might have to."

Source: BBC Sport

Source: BBC Sport