Calderdale Council has confirmed that it has no plans to place The Shay on the open market and intends to ensure that it is kept as a community venue.
Councillors say they are not proceeding with Tony Abbott’s bid “as it stands” although they will work with Reactiv Media to see how it can play a role in the future of the ground.
Leader of the council Tim Swift (Lab, Town) said: “We need to make robust plans for the future of the Shay; but there is no need for us to rush into a decision. We intend to take time to examine all the available options and listen carefully to the range of local views on the future of the stadium.
“That’s why we are not putting The Shay on the market at the present time, or proceeding with the current offer made to us as it stands. We welcome the support Reactiv Media is already giving to local professional sport and their interest in investing in the Shay, and we will continue to talk to them. Equally, we are interested in hearing from others with ideas and resources to work with us in achieving the full potential for Calderdale from the Shay.”
A council spokesperson said: “Now we must look to the future. The council is completely committed to ensuring that the stadium continues to thrive as a community venue, offering a secure base for our two professional clubs.
“However, given the enormous financial pressures the Council faces, we recognise that the next step forward will have to be taken through some form of partnership designed to secure the further investment which the Shay both needs and deserves.”