THE company which ran Walthamstow Stadium has struck a deal to eliminate former workers' pension risks.
Walthamstow Stadium Limited reached the agreement with specialist buy-out company Pension Corporation, set up by Edward Truell, a former private equity chief.
Pension Corporation will now take on liabilities related to the pensions of about 100 ex-staff from the stadium.
Walthamstow Stadium closed in August last year and has been at the centre of intense campaigning to bring greyhound racing back to the site.
It was founded in 1933 by William Chandler and remained in the Chandler family until it closed down.
The pension scheme has assets of £19million and Pension Corporation said saw off bids from several rivals to take on the scheme’s risks.
The fund's trustee ran the tendering process.
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