Peterborough United ground sold to council for �8m

Peterborough City Council bought the ground for �8m

Peterborough United's football ground has been bought by a Cambridgeshire council in an £8m deal.

The London Road ground and surrounding land has been bought by Peterborough City Council, it was announced during Saturday's 3-0 home defeat to Derby.

Council leader Marco Cereste said the council can now "unlock the future potential of Peterborough's riverside".

The land was owned by Peterborough United Holdings Limited in a rental agreement meant to last until 2014.

The football club, known as The Posh, sold their London Road home to a local property developer in 2003.

The Posh Independent Supporters Association launched a campaign in 2009 urging the council to help the club secure a long term home.

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