Clyde Football Club has announced it will leave its current home at Broadwood and search for a new venue.
The statement follows extensive discussions between the club and North Lanarkshire Leisure on the conduct of the lease between both parties.
Both parties agreed the club will work towards an exit over an extended period and there are no plans for an alternative location at this stage.
A Clyde spokesperson said: "Development at Broadwood in recent years and limitations of the lease mean that the club is unable to operate on a long term sustainable basis compatible with its ambitions.
"An extensive process will now begin to consider alternatives that will see Clyde back in control of its own destiny for the first time in 80 years, since the club became tenants on the sale of Shawfield."
The move comes after many years of well publicised financial problems at Broadwood.
"These were reversed this season when the rent was paid a year in advance, bringing much needed stability and allowing the club and North Lanarkshire Leisure to focus on the practical business difficulties arising from both organisations operating from the same location," continued the statement.
Former landlords North Lanarkshire Council have previously offered to support the process by finding an appropriate site for development.
Posted on 09/12/2010