I’ve posted all this before, there was a hotel built on the East Stand, there was a block of new build units somewhere near the Airco (I forget exactly where) with new club shops and a couple of restaurant units, with FC’s offices above and City’s offices moved into the West Stand. In addition to the hotel, the entire ground floor offices/shops in the East Stand were to become a call centre.
They might, there again they might not. It depends on what charges there are and how much the land is worth. Paying £50 million to repay the loans and then an extra £80 or £90 million for the land doesn't leave much money for players unless they are billionaires. In which case they'd be better off buying a club that is closer to getting promotion to the Premier League, or one already in it. Where you this cheerful when Pearson and Wilkinson bought City? We didn't own our own ground then and it didn't stop them making a healthy profit from their ownership..
I was happy at the start of a new era. Never expected us to reach the heights we did so quickly.Although AP could only take them,so far with no collateral in the stadium and no huge amount of personal wealth.. The team name in no good for loans as Don Robinson also found out. It was relatively easy to maje a profit due to the circumstances then. You would have thought a local businessman might have seen the opportunity. Remember billyisgod on CI? Supported Leeds for some ludicrous reason that he used to try and justify it. Remember him going on the site and saying that none of us would have heard of him but after knowing what he had done for Leeds give him 3 or 4 years and you wouldn't recognise the club. Got to hand it to him, he was right.
Billyisgod was on Look North the other night. East Riding resident, fanatical vermin who put his money where his mouth was against Ken Bates. Now a shop owner on Newland Ave.
Council funding or lack of are not for this forum never mind this thread. Tongue in cheek replies or even whoosh replies are wasted on you. Have an argument with someone else
Oh you can talk about the council on here as it's relevant. Or have I been whooshed again. You are a one aren't you.
I suspect it fell apart due to Ehab having a big falling out with the bloke who came up with the scheme, it was due to be submitted to the Council shortly after the meeting, but I met with Stephen Brady afterwards and it never was submitted. Ehab sacked the bloke not long after, then got him sacked from his next job and he ended up killing himself.
As long as we stay in the championship its relatively easy to make a profit. We'll have an income of £11 to £13 million a year and by investing in young players will be able to restrict the wage bill. Not everything Ehab says is bollocks. After seeing Bartlett and the Allams gamble on keeping us in the promised land do we really want another owner that's prepared to borrow to get us there? I'm sure some supporters of other clubs would wish they'd never owned the ground after seeing it mortgaged to the hilt or transferred to the owner to pay back his or her loans.
Whoever buys us can still mortgage us just like Bartlett did. If it's so easy to make a profit why aren't any clubs doing it,
Because they didn't have Ehab in charge and are still chasing the pot of gold called the Premier League. Yes they can mortgage what they want but we don't lose the ground if the mortgagor tries to get their money back.
You can’t stand still in the Championship though. Or at least, it’s very rare (only Ipswich in the current day?). You either invest to go forwards, or you go backwards because trying to stand still sucks the excitement out of the whole affair.
