Allams and administration

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BrAdY said:
Well in our current situation
I feel it's a bloody good job the allams never got to purchase the stadium
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It most probably is. Of course if they had got to own the stadium they might have ploughed money in, redeveloped and extended the stadium, built various facilities which would have increased revenues and established us as a Premier League club. Which would have had even wealthier peoplevqueueing up to buy us. Of course on the other hand...
 
Barchullona said:
It most probably is. Of course if they had got to own the stadium they might have ploughed money in, redeveloped and extended the stadium, built various facilities which would have increased revenues and established us as a Premier League club. Which would have had even wealthier peoplevqueueing up to buy us. Of course on the other hand...
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<laugh> When you put it like that...
 
The Omega Man said:
The SMC is not worth buying and neither is the freehold.

The SMC has debts that personally I do not think it should have. For example the new lights were installed for the football clubs benefit and not the overall benefit of the stadium.

The freehold has little area to expand into as the Park is classed as a Heritage Park and cannot be built on. The car park has restrictions that basically mean that it is untouchable for development.

The triangle has environmental issues that may protect it, but it also has restrictions on access that are cost prohibitive.

In reality any owner would be better building on a new site than trying to buy and develop on the Circle.

The shame of all of this will become apparent in the next five to ten years when I believe the stadium will require a major overhaul. It does not make enough money and there is little chance that the public purse will cover any major works.

There isn’t even a hope in hells chance that any development on the site would ever make a profit.

SMC as a business and the Stadium as a property are worthless without a partnership with HCC.
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"Worthless without a partnership with HCC"

This is becoming more and more evident as one of the key reasons for the failure of our club under the Allams.
 
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Chazz Rheinhold said:
I don't understand the last part tom. How can there be a partnership, to do what when you say there is nothing on the site to develop.
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Development within the confines of the Stadium, the Arena and the astro pitches. A partnership with HCC could mean that the freehold bought for a nominal fee.
 
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Barchullona said:
It most probably is. Of course if they had got to own the stadium they might have ploughed money in, redeveloped and extended the stadium, built various facilities which would have increased revenues and established us as a Premier League club. Which would have had even wealthier peoplevqueueing up to buy us. Of course on the other hand...
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The problem is not the freehold or the willingness of HCC to sell it. There is not enough in a development to allow for any real amount of money to be paid for the freehold, it has to be virtually free or there is no point.
People knock Assam Allam all they want, but he was right about one, thing the freehold of the stadium is worth nothing, too many restrictions and the high cost of the infrastructure.
 
The Omega Man said:
The problem is not the freehold or the willingness of HCC to sell it. There is not enough in a development to allow for any real amount of money to be paid for the freehold, it has to be virtually free or there is no point.
People knock Assam Allam all they want, but he was right about one, thing the freehold of the stadium is worth nothing, too many restrictions and the high cost of the infrastructure.
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Agree with the points you are making. I have said before, Geraghty thinking that because property prices had gone up Allam should have paid more than the total £40 million development cost of the whole site for the stadium was ridiculous.
Nowhere would a stadium be sold for more than the cost of building it, in the KC's case about £30 million.
 
AlRawdah said:
While we are without doubt in the midst of your Plan B, I do also think that Ehab is trying to maintain the footballing side in a way that can compete for promotion and restoration of the golden goose.

It’s just that he is so thick and hopeless and incompetent, you could be forgiven for thinking he is running the club into the ground. That said, he definitely makes decisions to spite fans - there’s no half wittedness there, it’s quite deliberate and thought through.
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They have shown, in the past, that they have more than an inkling what is required to compete for promotion and restore the golden goose. They also know how to hold and prosecute a grudge, take back investment and out think supporters - not a great summary, but far more realistic...
 
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City1904 said:
This is where I disagree, they aren't doing well as a business.
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I agree, they’ve blown a very good business.

They have made numerous mistakes which they are loath to admit (the bullshit at the last meeting was just that...), they are now in full on recovery mode and they will hurt, damage, insult and use anyone daft enough to attempt to work with them.
 
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Barchullona said:
It most probably is. Of course if they had got to own the stadium they might have ploughed money in, redeveloped and extended the stadium, built various facilities which would have increased revenues and established us as a Premier League club. Which would have had even wealthier peoplevqueueing up to buy us. Of course on the other hand...
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It's an interesting 'what if' which I've considered previously. If they'd done this, then we probably wouldn't have seen the Hull Tigers idiocy and the rest.

Of course, not long after the initial approaches for the stadium, we soon discovered that Allams are morally repugnant - but which football owners aren't exactly?
 
Leon T Trout AFC said:
It's an interesting 'what if' which I've considered previously. If they'd done this, then we probably wouldn't have seen the Hull Tigers idiocy and the rest.

Of course, not long after the initial approaches for the stadium, we soon discovered that Allams are morally repugnant - but which football owners aren't exactly?
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Steve Gibson...
 
Leon T Trout AFC said:
It's an interesting 'what if' which I've considered previously. If they'd done this, then we probably wouldn't have seen the Hull Tigers idiocy and the rest.

Of course, not long after the initial approaches for the stadium, we soon discovered that Allams are morally repugnant - but which football owners aren't exactly?
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Didn't Obi suggest that he would have flogged the club straight away if he'd got the freehold (and even had a buyer lined up)?
 
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Fez said:
Steve Gibson...
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You're probably right there, but perhaps the exception that proves the rule.

Although last season, I recall reading the Boro forums and a seeming majority were slating him week in/week out
 
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