LIMERICK FC chairman Pat O'Sullivan will this week wrap up a deal for the purchase of the Markets Field from Bord na gCon for a figure thought to be close to €3m.
The Ballylanders native, who got involved with Limerick FC in June of last year, has been attempting for some time to put a deal together to return the club to the spiritual home of Limerick soccer, and following a recent meeting with Minister of Sport Mary Hanafin, it is understood that a deal has been agreed in principle between the parties.
A source close to the discussions between Mr O'Sullivan and the greyhound board has said that "negotiations are at an advanced stage, and both parties hope to reach an agreement this week".
www.limerickleader.ie understands that an offer in the region of €2m-3m will be agreed this week.
It is 26 years since senior soccer moved away from the Markets Field, and Limerick FC have made their return to the site a priority over the last 12 months.
Mr O'Sullivan revealed earlier this year that Bord na gCon and the FAI had "funded the preparation of a set of plans" for the site, which is located off Mulgrave Street in Garryowen. Gilroy McMahon, the firm of architects behind the redevelopment of Croke Park, were commissioned to produce plans for the 5.3 acre site.
It is thought that there is also potential for the site to become something of a community centre, as Mr O'Sullivan alluded to in a recent interview with the Limerick Leader.
"This is a really top class 8,000 seater stadium which could then incorporate the VEC and there are other sports bodies that are interested in it," he said, adding: "That corner of the city needs something so we are working along those lines".
Mayor of Limerick Kevin Kiely, who met Minister Hanafin with Mr O'Sullivan, confirmed that an offer had been made but no contracts signed as of yet, but said he wished to "commend" Mr O'Sullivan for his interest in Limerick soccer.
"Pat O'Sullivan has done more in 12 months than anyone has done in the last 100 years and I'd like to commend him for that," said Mayor Kiely.
The current owners of the Markets Field, Bord na gCon, are set for a move to a new €18 million premises on the Dock Road in September.
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