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Hamilton Accies this week secured a new sponsorship deal that will see The HopeCBD Stadium change its name after just six months.

The club struck terms with regenerative medicine research company Foy’s in a five-year package worth £750,000.

It will see the ground change to the Fountain of Youth Stadium – a name they feel ties in perfectly with their youth academy.

And Foy’s wellness clinic premises will also be built on ground at Hamilton Accies, creating up to 20 new jobs in the area.

Hamilton Accies chief executive Colin McGowan exclusively told the Advertiser this week: “We are delighted to announce a new sponsorship deal that will see Hamilton Accies receive £750,000 sponsorship over the next five years.

“In addition to this the new sponsors Foy’s, who are part of WSA Holdings Ltd, have also consented to build a new TV gantry and architects have to be engaged in the near future.

“Unbelievably, their plans also include the building of a new research and wellness centre at the stadium. This will replace the lapsed consent for the 21 residential houses initially planned and could also create up to 20 jobs for the local area.

“Foy’s are currently based within the stadium to execute this magnificent project. The centre will deliver advanced and state-of-the-art treatments and preventative measures for degenerative illnesses, sports injuries and aesthetics, using stem cell technology.”

Foy’s founder members David Watson and Shaz Ahmed, who are behind the deal, have also pledged to build Accies a new media tower and an indoor press studio.

Accies head of media Marcus Nash said: “This is a fantastic way for the club to make the stadium more futureproof in the eyes of national media.

“I’m sure companies like Sky Sports and the BBC would greatly appreciate this and would happily get involved with Foy’s in making this idea workout to plan.”

Mr Ahmed, chief executive officer of WSA Holdings Ltd, said: “We are delighted to be investing in Hamilton Academical FC for the next five years. Our wellness centre aims to deliver pioneering research and health solutions to Scotland as well as the entire UK.

“Foy’s aims to provide regenerative treatments for auto-immune conditions, such as arthritis, autism, cerebral palsy, Parkinson’s, Alzheimer’s, multiple sclerosis, fibromyalgia, macular degeneration and many more. Other exciting areas or treatments we aim to deliver will be in anti-ageing and sports injury/recovery on a global scale.

“We look forward to working with Colin McGowan and his team. Colin has welcomed us and shown us that he is a great visionary and leader in his youth programme.”

Accies only renamed The HopeCBD Stadium at the start of the current season after securing a five-figure contract with the company – a move that led McGowan to defend the club’s decision to strike a deal with a cannabis oil company as their stadium sponsor.

Just six months later, however, McGowan said directors behind Hope CBD were “happy to step aside”.

He continued: “As most fans will be aware, the naming rights to The HopeCBD Stadium was recently completed at the start of this season.

“As this magnificent deal from Foy’s far exceeds what Hope CBD could contribute, Hope CBD are therefore happy to step aside and allow Foy’s to take control of the stadium naming rights, ultimately benefiting the Hamilton Accies Youth Academy.”

McGowan added: “It is quite fitting, we feel, that the Fountain of Youth are sponsoring Accies’ youth set-up.”