Vital Football

Latest Walsall FC News

Banks's for sale: The Story So Far

Banks's for sale: The Story So Far

In March it was announced that the Banks's stadium was to be put up for sale by Suffolk Life Annuities Limited and it has been a hot topic ever since as the Saddlers future is far from stable.

As the the news broke, the supporters club urged the possession of the stadium be given back to Walsall Football Club. They stated that there are ways to secure the future for the Saddlers whilst protecting those that have already invested in the club through self invested personal pensions.

The end of season action saw the drama die down as Walsall pulled themselves out of relegation dangered and secured their league one future.

After survival was secured, Steve Jenkins ignited the discussion when he urged Walsall Council to purchase the stadium and the land.

Jenkins, a lifelong Saddlers fans, wrote to all 60 councillors and encouraged fans to do the same, imploring that they can take the profit they make on the rent they make and reinvest it in community facilities and projects. This would secure Saddler future and improve the town of Walsall as a whole.

Jeff Bonser backed the idea, saying that he would allow staff from the council to work closely with the club if such exchange occurred. However, Councillor Mike Bird, said that the council could not afford to invest, even with the long term benefits.

Major headway has been made in only the last few days as the Labour Party has come out in support for the council to take ownership of the stadium. Labour councillor Tim Oliver said in an offical press statement on the official Walsall Labour Party website 'The authority does have the skills and expertise to look at other possibilities which would open the door to the team continuing to play at Bescot. We understand that around twenty other local councils around the country have come to such arrangements for the benefit of their communities.'

So, there's been developments and possibilties for the future of the Banks's stadium and nothing is really guaranteed. Whoever takes over at the Banks's, they need to be 100% focussed in the football and walsall FC, so a very rich local entrepeneur loyal fan could be the answers to the walsall faithful's prayers. Anyone? Walsall need much needed direction and stability and this could hinge on the potential buyer.

Let's wait and see how this one goes!

Up The Saddlers!

Sources: Express and Star, UpTheSaddlers, Walsall Labour Party Website.



Click here to join in the debate on the club forum.

Writer:Robyn Richards
Date:Tuesday May 31 2011
Time: 9:39PM

Login to post a comment

Recent Walsall Articles

Whitney looking for points

Walsall manager Jon Whitney is looking to build on Saturday's victory against Peterborough.

Morris ready to step up

Walsall's Kieron Morris is hoping to impress after his first start in months against Peterborough United.

Oztumer delighted with home form

Playmaker Oztumer describes the Saddlers' recent home form as 'scary'.

More Reliable Than A League 1 Octopus? (22/2/17)

Time for the new special computer that crunches the numbers to determine the final League One positions for 2016/17.

Archived Vital Saddlers Articles

Vital Saddlers articles from

Site Journalists

TP1992
Editor email
Profile
Kev
no email
Profile

Current Poll (see more polls)

Where Will Walsall Finish?
Suggested By:
Automatic Promotion8%
Play Offs22%
Mid Table Medicority50%
Relegation20%

League Table

# Team P W D L Pts. GD
1 Sheff Utd 33 19 8 6 65 24
2 Scunthorpe 32 17 9 6 60 25
3 Bolton 31 17 7 7 58 19
4 Fleetwood 33 16 10 7 58 15
5 Southend 33 14 11 8 53 11
6 Bradford 33 12 16 5 52 11
7 Millwall 32 14 9 9 51 7
8 Rochdale 31 14 6 11 48 4
9 Peterborough 33 13 8 12 47 1
10 Oxford 31 13 7 11 46 5
11 Bristol Rovers 33 12 10 11 46 -2
12 Walsall 33 11 13 9 46 -2
13 Charlton 32 9 15 8 42 6
14 Wimbledon 32 9 13 10 40 0
15 Northampton 33 11 7 15 40 -4
16 MK Dons 32 10 9 13 39 0
17 Shrewsbury 33 10 8 15 38 -11
18 Gillingham 33 8 12 13 36 -10
19 Oldham 33 8 11 14 35 -12
20 Bury 33 9 7 17 34 -11
21 Port Vale 31 8 10 13 34 -16
22 Swindon 33 7 9 17 30 -18
23 Chesterfield 33 7 7 19 28 -21
24 Coventry 32 5 10 17 25 -21
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Walsall Results (view all)

Walsall Fixtures (view all)

Feb 25 2017 3:00PM : AFC Wimbledon (a)
Sky Bet League One
Feb 28 2017 7:45PM : Chesterfield (H)
Sky Bet League One
Mar 4 2017 3:00PM : Oldham Athletic (H)
Sky Bet League One
Mar 11 2017 3:00PM : Charlton Athletic (a)
Sky Bet League One
Mar 14 2017 7:45PM : Fleetwood Town (H)
Sky Bet League One
Mar 18 2017 3:00PM : Southend United (a)
Sky Bet League One
Vital Football Comment