In December 2007, Gillingham shareholders passed a resolution to sell the ground to Priestfield Developments Ltd, a company wholly owned by Paul Scally, for £9.8m as part of a restructuring of the club's debts. The deal was to allow three years use of the stadium at £1 p.a., with the club meeting running costs, with tenure secured for a further seven years at a rent as yet unspecified. In 2011, however, the club purchased the stadium back for around 10% of the fee paid by Priestfield Developments.