The Football League Paper - - NEWS -

CHRIST­MAS has come early for Carlisle United after for­mer owner Fred Story wrote off a £1.1m loan to the club.

United are strug­gling both on and off the pitch, with their League Two woes com­pounded with se­vere fi­nan­cial dif­fi­cul­ties in the board­room.

But build­ing ty­coon Story, who ran the club from 2004 to 2008, has waived the charge his company has held on Brun­ton Park for nine years with a ‘no-strings’ agree­ment to help the club out.

And man­ag­ing di­rec­tor John Nixon is ec­static with the Blues’ early Christ­mas present.

He said: “The writ­ing-off of this loan will cer­tainly help the fi­nan­cial po­si­tion of the business. We’re cur­rently work­ing on bring­ing new in­vestors into the club and this will help us with that task.

“It is a fan­tas­tic Christ­mas present for the club and we would like to go on record with our thanks to Story Homes, and to Fred Story in par­tic­u­lar.”

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