Oldham's bid to build a new 12,000-seater stadium in Failsworth have moved a step closer after the Charity Commission gave a land swap deal the green light.

Council officers wrote to the Commission to register a proposal to declare the 30-acre site to the north of the Lancaster Club be held on charitable trust. The Commission accepted the proposal which means a land swap deal could now be reached which would see the charitable trust status moved to another site of equal value - in both monetary and amenity terms - to compensate for land lost to the stadium development.

Latics chief executive Alan Hardy told the Oldham Chronicle: "The club is pleased that the Charity Commission has made the ruling. We are hopeful that Oldham Council can now reach agreement with local residents for a suitable alternative site and we now have some important meetings ourselves with the council to make progress with our stadium plans."

He added: "The stadium development is vital to the long-term future of Oldham Athletic."

Copyright (c) PA Sport 2009, All Rights Reserved.

Topics:
#Football
#League One
#Oldham Athletic