North Stand Construction Discussion

petrusha said:
And you've made me doubt much more than I previously did. Is it from the FT that you took the fact it's ADUG involved in the JV? I know it's ADUG involved in the Manchester Life partnership, but the Council's official documents back in the day suggested specifically that the JV to develop land on and around the Campus would be entered into with MCFC.

That to me makes a difference. If rent is paid to a company that's an 80% subsidiary of MCFC, then that's activity basically being carried out by MCFC. Thus it potentially qualifies for an FFP exemption subject to that close proximity condition that we discussed an how it's interpreted. An ADUG company receiving rent is a sister company of MCFC, which doesn't have a direct link so isn't MCFC activity at all, just as Manchester Life isn't.

In any case, the FT apparently says that CFG will receive a rental payment. How? Has the lad been transferred to CFG for it to pursue a venture on its own with OVG and thus receive the rent in return for its investment in the venture?

Given that the Arena is a JV between CFG and OVG, I could see CFG having procured loan financing from ADUG which is to be repaid out of profits over the first few years as a first priority after third-party bank loans are serviced. But if CFG is taking the rent, surely that suggests the whole thing has been structured so that revenues don't go to MCFC?

Might be worth an FoI request if anyone can be bothered. I'd always assumed that the development of the Campus was to allow funds to flow into MCFC to sustain a top European football club, but maybe the idea is for the funds to sustain CFG as a whole.
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I can't find the article but, as I was quoting from it at the the time, ADUG was specifically referenced. I doubt I've made a mistake with that.

However, I've found a saved FT article from 2019. which references CFG only. It doesn't reference the council when it mentions ownership of the land!

A couple of paras:

FT 21Aug2019
Manchester City FC is looking to build a large music and events venue next to its
football stadium in partnership with Oak View Group, a fast-growing US arena
operator. The English Premier League champions want to further boost revenues to support their
on-pitch ambitions and announced a feasibility study with OVG on Wednesday.
City Football Group, controlled by billionaire Sheikh Mansour bin Zayed al-Nahyan, a
member of the Abu Dhabi royal family, sees an arena as an important part of its
redevelopment of the Etihad Campus in a deprived area of east Manchester . It owns
most of the land around the stadium and said it was “supporting” OVG without giving
more details.
 
The first horizontal panels are up. Light grey with perforations. What a shame. Ah well.
 
cpoverview said:
Its after, that is how they left it
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How windy was it?

There is a fair sway and rock on that piece, in the video. Could be that the conditions werent right to try control a piece of that size hanging off a crane and that's why it was sent back down.
 
Coatigan said:
How windy was it?

There is a fair sway and rock on that piece, in the video. Could be that the conditions werent right to try control a piece of that size hanging off a crane and that's why it was sent back down.
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Have to hope it was the wind and not a fabrication error
 
WARBABY said:
Have to hope it was the wind and not a fabrication error
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They never really get close enough to try line it up. So if it is an error, it must be a pretty big one that they can spot from what 600-900mm apart.
 
petrusha said:
It's not very tight drafting and you could see how differing interpretations might easily arise. My guess at this stage would be I'd guess that as long as it's sports/leisure/entertainment related, i.e. the sorts of wider developments that a football club might anchor in the modern climate, and as long as there's no gap between the club's own land around its stadium/training ground and the ground where this business is, it should be OK.

I'd like to see what has been allowed through on this point, however. That might well give us greater clarity.
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You know the EPL & cartel clubs will try to screw us over this
 
WARBABY said:
Have to hope it was the wind and not a fabrication error
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Would they not have practised attaching the cap to the quadpod in a controlled environment (i.e. at ground level) in advance to make sure it all fitted together before they had a go at 60m in the air?
 
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