Perhaps - although I think he was more likely referring to 100% of the stadium ‘ecosystem’ rather than a cash purchase - there’s no chance King has £30m+ kicking around to finance that transaction (and, even if he did, I think it would be an odd way to approach it).King did say everything was 100% owned by the club. I wasn't assuming a loan/mortgage from that statement. With the way that the club structures its assets perhaps the football side will pay into the estate side of things. It's probably too early to say.
I've no idea how off-shore money is moved around.Perhaps - although I think he was more likely referring to 100% of the stadium ‘ecosystem’ rather than a cash purchase - there’s no chance King has £30m+ kicking around to finance that transaction (and, even if he did, I think it would be an odd way to approach it).
Er not quite true what about Hull?It wouldn't be doable outside the prem I don't think. Even in America the Cities generally fund the local stadiums but that's illegal over here.
Wasn't that 25 odd years ago too though? Another owned by the Council, I think...Er not quite true what about Hull?
This has been an incredible day, a truly special moment. It is absolutely ridiculous that we have won 7-1 after the news this morning.
Doug has done something magical. I just want us to be us. Doug has given us our club back but it wouldn't have happened without our incredible fans.
I've run out of superlatives to express how I feel about today.
All that's left to say is thank you, you silver haired sexy bastard. Just please don't sell us to some soulless yank or saudi when the time comes.
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Be careful calling him that, he’ll cry about it in his bedsit and put you on ignoreyou’re actually such a fucking twat aren’t you
I think Ashley saw the writing on the wall with it. No big stadium gigs this summer and with Villa and Blues branching there stadiums into the concert market, with much better transport links and more central, it reverts to being a football satdium rather than a venue.
Ive got the WiFi password
Happy to share it with people for £5 a pop
Wonder what the EFL will think of a Club running a casino at their HOME ground ? Will they allow it given the allergies to gambling in sport these days.
"Much better transport links and more Central" have you ever been to St Andrews?
Wonder what the land inbetween the cbs and Tesco could be developed into
A bigger train station!Wonder what the land inbetween the cbs and Tesco could be developed into
It certainly was, they were very open about that. It was very costly to clean up at the time.Has anyone ever confirmed the rumours about the land being contaminated?
For those (incredibly) still debating whether this is a positive move…
It’s like buying a house with a mortgage; there will be interest to pay on the loan, but at the end of the term, you own an asset vs. renting where you don’t get anything back.
As with a mortgage, you need a chunky deposit - that’s where I think the £15m from earlier in the summer comes in- so, if we assume that’s 40% of the asset value, and we’re borrowing on a 35 year term, with a 4% rate of interest:
- Arena value: £37.5m
- Loan (borrowed): £22.5m
- Monthly repayment: ~£99,624
- Annual repayment: ~£1.20m
So, for approx. the same amount that we were allegedly paying in rent per year, we are paying towards truly owning our own ‘home’ - with the incentive of new revenue streams to offset the loan repayment (assuming the various assets aren’t loss making). If they are loss making, then we reset / reconsider the usage. This all requires working capital, of course, but thats the same with any business.
Either way, I think the medium / long term outlook is very encouraging!
Sloop, 4 crew. At night.I've no idea how off-shore money is moved around.
One of the main reasons why the stadium was built where it was, to bring badly contaminated land back into use.It certainly was, they were very open about that. It was very costly to clean up at the time.
That right. Even when it was the retractable roof and pitch bollocks that was clear.One of the main reasons why the stadium was built where it was, to bring badly contaminated land back into use.
I'd like to see more residential round there yes rather than just this stadium stuck in the middle of nowhere. Could become a really lively hub not just on match daysHas anyone ever confirmed the rumours about the land being contaminated?
For a city growing in population and building on brown/green belt land, it seems bonkers that so much land around the ground hasn't been built on.
Birmingham will allow developers to come in and build a shit ton of new build apartments.
I know the train line is rubbish on match days, but it provides a 5 minute train into the city centre. It's an area people could commute from.
You build residential and you'll gain other benefits such as new eateries, bars and shops. Just look at other stadia in this country which has done the same.
Where is all the land to build houses on?I'd like to see more residential round there yes rather than just this stadium stuck in the middle of nowhere. Could become a really lively hub not just on match days
Where is all the land to build houses on?
It certainly was, they were very open about that. It was very costly to clean up at the time.
Where abouts? That will be outside the stadium campus won't it?The land next to and behind the retail park is huge. On Google maps it's the size of the stadium bowl.
Car parks also, if they sorted public transport.
Where is all the land to build houses on?
Where abouts? That will be outside the stadium campus won't it?
Isn't there a canal there?
No idea. The Foleshill gas works and the railway would have been pretty polluting and the area was vast 40 acres.But is it still contaminated?
It wouldn't have been able to be built on without being decontaminated first, Including any undeveloped land in the immediate vicinityBut is it still contaminated?
Isn't that where the waterworks is? Yeah you might get a few houses on but from memory there's not much room.View attachment 45459Between the railway line and canal
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