Carlisle United’s new owners spent £4.8m in the first seven months of their ownership of the Blues, it has been confirmed.

The Piataks set aside £2.45m to settle the club’s debt, another £1.35m to fund the club last season and a further £1m for capital investments.

The Blues have today shed some light on a number of recent filings at Companies House which relate to the Piataks’ initial investment into the club.

Documents showed that Castle Sport Group, the Piataks’ business which was the vehicle for their Blues takeover, issued 4.8 million new shares.

This led to £4.8m being provided for major club business.

United have since set out how that amount has been divided.

In an official monthly update to supporter groups (CUSG), chief executive Nigel Clibbens said the money was divided three ways.

The first was the settlement of the £2.45m owed by United to Purepay Retail Limited.

The Piataks bought the debt and, after settling it, have “forgiven” the club from repayments, while the charge over club assets – which had been in place since 2017 when United started borrowing money from Edinburgh Woollen Mill – has been removed.

Clibbens went on to say that £1.35m was injected by Castle Sports Group into CUFC Holdings, which passed the money to United’s 1921 operational company “to fund the operations of the club during 2023/24.”

This followed the Piataks’ takeover of the Blues last November.

Clibbens also said a further £1m was provided by the American owners “for the initial capital investments at the stadium made before 30 June.”

Significantly more is set to be spent on the ongoing renovations to Brunton Park, with Clibbens and Tom Piatak having said that a sum in the region of £5m is being invested in the site.

That includes major upgrades to the East Stand, including new executive boxes and lounges, plus new facilities and fan zones at the Warwick Road End, while the west side of Brunton Park has included the installation of modern new changing rooms, which Carlisle have publicised today (see below).

The Piataks are also set to spend millions on the new training ground project at the Sheepmount.

Clibbens said the recent spate of Companies House filings reflected “routine compliance matters”.

The filings connected to the above figures showed that 1m of new B shares had been issued to Castle Sports Group in CUFC Holdings, which followed Castle Sports Group issuing 4,800,000 new shares.

“Further funding will be provided in 24/25 to pay for the ongoing investments,” United added.