More details emerge of Edinburgh Woollen Mill's cash link to Carlisle Utd


Further details that appear to confirm that the Edinburgh Woollen Mill have made a significant loan to Carlisle United have emerged.

Information on the charge the firm have against the Blues' stadium has emerged through Companies House.

Describing EWM as "the lender", the document confirms the business - headed by Cumbria's richest man Philip Day - has made certain "loan facilities" available to the Blues.

While no details have yet been disclosed on the exact nature of the arrangement, it now looks certain that EWM have come to United's financial aid.

It is understood to represent a significant new development in the club's financial affairs, less than a month after the controversial overseas "billionaire" investment talks were dropped.

It now remains to be seen exactly how much involvement Day's business will have at the League Two club - and how much power they will gain.

The full document, suggesting Brunton Park is being used as security against a loan, is in EWM's name rather than Day's.

Signed by chief executive Nigel Clibbens and finance director Suzanne Kidd for United, it describes a debenture between EWM and Carlisle United AFC (1921) Ltd.

It confirms the property in question is Brunton Park, along with land on the west of Brunton Park and land on the north side of Warwick Road.

The debenture document is certified by law firm Maclay Murray & Spens LLP.

The EWM have yet to respond to the News & Star's request for comment, while United have said more details will be given soon of what they describe as an "extension" of their "partnership with a long-standing commercial partner".

The Carlisle United Official Supporters' Club have said the association with the company will benefit the club both in the short term and "moving forward".

Day, who lives at Edmond Castle near Brampton, was last year said by the Sunday Times Rich List to be worth £1.05bn.

He is a previous Blues director but several years ago played down any suggestion he would want to own the club.

Comment on this article

Generate a new code
Comments not OK? Click here to let us know
Read this..