The Scottish FA has concluded a deal with Queen’s Park FC for the purchase of Scotland’s National Stadium, Hampden Park.
Heads of Terms were signed in September last year after a period of talks and after further discussion on structural and financial aspects of the agreement, a formal legal offer was issued on behalf of the Scottish FA on 7 June, 2019.
The Scottish FA said it has now received notification from Queen’s Park that they have accepted the final and binding deal.
Key stakeholders including Scottish Ministers, sportscotland, Big Lottery Fund and Glasgow City Council have been informed of this formal agreement and the transfer of ownership will take place on 1 August, 2020 – after Hampden Park hosts its UEFA EURO 2020 fixtures.
The board of the Scottish FA will now seek to ensure ownership of Hampden Park is a game-changer for the Association, its members and all its stakeholders.
Rod Petrie, Scottish FA President, said:
Given the hard work from everyone since the agreement of last September I am pleased we now have a legal contract with one of our member clubs for the good of Scottish football. The real work begins now to ensure Hampden Park can continue to serve the needs of the game and be an inspirational home for Scottish football in the future.
We can build on the short-term work currently undertaken to make Hampden Park, Glasgow and Scotland a memorable Host City Venue for the forthcoming UEFA EURO 2020 finals.