covboy1987
Well-Known Member
The council should do a private deal with SISU and then own the stadium out right and it should be then used as a community stadium for football, rugby, basketball, bowls exhibitions, Concerts, and anything else the community 'us the people would enjoy'very similar to the Swansea City story
Appoint a decent management company to oversee the running of the stadium made up of a small team of directors from the rugby, and football clubs and a couple of people from the council (obviously new football owners)
The match day revenues from the football and rugby gate monies would be kept by the clubs including meals drinks on the day, and car parking as it is there fans attending
Other incomes such as hotel rental, casino rental, should be ploughed back into the management company whereby the football and rugby clubs would own shares (number to be decided) as it is many of their customers that use the added on facilities.
By using the stadium to its full potential the rental for the clubs should be zero and the overheads such as the council loan (at a preferential rate) and any other overheads running of the management company etc, maintenance, etc would be paid directly by the management company from the profits of the concerts, exhibitions and other smaller sports basketball etc mentioned previously who would pay a small rent to use the facility
Any monies left over would be then taken as a dividend at the end of the year by the football and rugby club likewise any shortfall would have to be made up by the football and rugby clubs - the council would be seen to be doing a good job and making no money, the clubs would have a chance to prosper, which can only be good for the city and the council once the loans have been paid would own a massive asset and also have the power to kick out a poor performing tenant under contract agrred beforehand and that includes handing over the golden share. All the new football owners would have to show is money to invest in players and be an excellent tenant- simple but workable as Swansea have shown
Appoint a decent management company to oversee the running of the stadium made up of a small team of directors from the rugby, and football clubs and a couple of people from the council (obviously new football owners)
The match day revenues from the football and rugby gate monies would be kept by the clubs including meals drinks on the day, and car parking as it is there fans attending
Other incomes such as hotel rental, casino rental, should be ploughed back into the management company whereby the football and rugby clubs would own shares (number to be decided) as it is many of their customers that use the added on facilities.
By using the stadium to its full potential the rental for the clubs should be zero and the overheads such as the council loan (at a preferential rate) and any other overheads running of the management company etc, maintenance, etc would be paid directly by the management company from the profits of the concerts, exhibitions and other smaller sports basketball etc mentioned previously who would pay a small rent to use the facility
Any monies left over would be then taken as a dividend at the end of the year by the football and rugby club likewise any shortfall would have to be made up by the football and rugby clubs - the council would be seen to be doing a good job and making no money, the clubs would have a chance to prosper, which can only be good for the city and the council once the loans have been paid would own a massive asset and also have the power to kick out a poor performing tenant under contract agrred beforehand and that includes handing over the golden share. All the new football owners would have to show is money to invest in players and be an excellent tenant- simple but workable as Swansea have shown