Partick Thistle has announced a £20 million plan to build more than 100 flats at Firhill Stadium.
More than 2,000 seats will be removed to make room for the complex, reducing the capacity to 8,000.
The First Division side are keen to maximise revenue to help prevent a repeat of last summer's £1 million emergency investment to halve the club's debt by lifelong supporters.
Jags' Director, David Beattie, who was part of the emergency investment said: “We are not Rangers, we are not Celtic, we are not Manchester United, so we have to do something different for the club. We have put our money where our mouth is.
“We are all Thistle fans and this has been done not just for the potential of the scheme but for the future of the club.”
Gavin Stewart, a former asset manager and a Partick Thistle fan since the 1960s, who also invested last summer said: “Yes it is a difficult time for property development – it is very, very quiet at the moment – but these flats will be ready two years down the line.
“The whole Maryhill area is being regenerated and we see this as part of that whole programme. We all want to see the club in a long-term position.”
The proposed development will form the fourth side of the stadium and is expected to be completed in 2012.
Posted on 18/03/2010