The bid by the ‘Save Our Stow’ consortium to lease Walthamstow has now been ruled out by L&Q. The option to buy the stadium is still open to negotiation.

A spokesperson for the consortium involving London & Quadrant Housing Trust (L&Q), yoo Capital and KW Linfoot Plc which has acquired the Walthamstow Greyhound Stadium site said:

We are not able to enter into a leasehold agreement at Walthamstow Stadium for a number of reasons; we have therefore declined this offer from the SOS consortium. The reasons behind this decision have been explained to the consortium who appreciate and understand our position on this matter.

We will be meeting with the consortium to discuss their offer to buy the stadium as a more detailed business proposal is needed from them before we can consider this option. We have offered several dates to the consortium and are currently awaiting confirmation from them as to when the meeting will take place, it is hoped that this will take place in the next two weeks.

We recognise the importance that Walthamstow Stadium has played in people’s lives and livelihoods over the years and we appreciate the reasons for some people campaigning to keep it open. This is why we are doing everything possible to ensure we have given the consortium’s proposal our full consideration.