Scarborough have revealed plans to sell their McCain Stadium and move to a new purpose-built ground on the outskirts of the town.

The Seasiders are keen to move to a new stadium to clear their debts and help guarantee the club's long-term future.

Boro chairman Malcolm Reynolds said a new company called Scarborough Football Club (Seadogs) Ltd had been set up.

The company would pay in stages �1.5m to clear the club's debts.

The McCain Stadium would be sold for an undisclosed amount and redeveloped for housing.

The facilities at Boro's planned new home could include all-weather pithches, a multi-purpose sports hall, a health club, modern catering facilites and motel-style accommodation.

The proposed new stadium would have a capcity of about 6,000 with 2,000 seats.

Boro chairman Malcolm Reynolds told the club's website: "Our plan has been approved by the Football League and the FA which means we will be able to come out of administration on 6 June and on the same day we will exchange contracts for the sale of the ground."

The new ground would be off Dunslow Road behind the new Scarborough Building Society headquarters.

"The new ground has to incorporate other facilities." said Reynolds.

"The football club loses around �250,000 a year and if we just stuck to that we would be back to square one, heavily in debt with the future of Boro in doubt.

"We have to find new ways of increasing revenue. There is a covenant on the McCain Stadium which says it must be kept for sporting uses. We hope to transfer this covenant to the new ground."