BLUES’ STORY BOOK ENDING
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.”