Andy Burnham | Manchester Mayor
- Thread starter jrb
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Prestwich_Blue
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This is the fundamental question for me. Can they only build this new stadium if the Freightliner terminal is moved or do they already own the land they're planning to build on?
I get the impression that the move of the terminal is a necessary precursor for the stadium build. If that's the case then the £300m is clearly a contribution to the construction of a new stadium, however it's dressed up. If it's so important to move the terminal for reasons not associated with a new stadium then why wasn't it done years ago?
cheekybids
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Citi-leaks
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WesthoughtonJohn
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Give over - you mean taking back businesses into the Public domain (where's there's little to no knowledge of how to run it currently) hasn't been a raving success. Quelle surprise!!
pride in battle
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WesthoughtonJohn
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Do we have to bother with that bit - it'll be infested with rats when the stadiums complete so might help with control ;)
Citi-leaks
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cheekybids
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Clear & organised.
100% it's disguised as government funded and the fact that the owners/major shareholders are billionaires yet are not putting in 1p says everything.
The sponsorship deal has now been ended. Scruffy Jim and Ineos have paid Spurs a few million pounds to end the sponsorship deal.
And Inside Sport has been told a deal has been agreed which sees Ineos paying a ‘not insignificant sum’ thought to be in the millions to end the deal.(which could have gone towards the money for the freight terminal land)
And Inside Sport has been told a deal has been agreed which sees Ineos paying a ‘not insignificant sum’ thought to be in the millions to end the deal.(which could have gone towards the money for the freight terminal land)
There have been a lot of rumours on the F1 scene that all is not well with the Ineos/Mercedes/Toto Wolff ownership model, stories that Mercedes were trying to buy out Ineos 1/3 rd share, at the moment the stories have been denied but there does appear to be issues at Ineos and their share/profit situation is getting serious, it's seems an empire built on sand.
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It's also worth noting that City themselves did not pay for the initial build, only the conversion to a football ground - and United won't get public money to build their new home, it seems, whereas City inherited a stadium that was already built for another purpose.
But City have not stood still, either. They renegotiated the terms of their lease of the stadium, paying an annual rent to Manchester Council, and added around 9,000 seats to the South Stand in 2014. An extra 6,000 seats to the opposite end is under construction and planned to open in 2026 at a cost of £300m.
Those plans include a huge hotel, fan zone, club shop, museum and hospitality areas, with the club calling the stadium and surrounding areas the 'entertainment district'. That is because the Co-op Live arena opened last year at a cost of over £400m (£100m more than initial plans), with City owners the City Football Group co-owners of that project.
www.manchestereveningnews.co.uk
But City have not stood still, either. They renegotiated the terms of their lease of the stadium, paying an annual rent to Manchester Council, and added around 9,000 seats to the South Stand in 2014. An extra 6,000 seats to the opposite end is under construction and planned to open in 2026 at a cost of £300m.
Those plans include a huge hotel, fan zone, club shop, museum and hospitality areas, with the club calling the stadium and surrounding areas the 'entertainment district'. That is because the Co-op Live arena opened last year at a cost of over £400m (£100m more than initial plans), with City owners the City Football Group co-owners of that project.
Man City's own £1bn stadium is Man Utd blueprint for Old Trafford masterplan
United this week unveiled eye-catching plans for a new £2bn stadium next to Old Trafford, and can look across town to City for what can be achieved.
Surely Andy Burnham, Seb Coe, Kier Starmer, Rachel Reeves, and the rest of the rabble, including Gary Neville, haven't ignored this financial warning about Scruffy Jim and Ineos?
Sir Jim Ratcliffe is encountering increasing apprehensions regarding the financial stability of his chemicals enterprise, as projections indicate that its debt could approach nearly €12 billion (£10 billion) this year. Concurrently, his sporting ventures, which include Manchester United and New Zealand rugby, are reaching a critical juncture.
www.finance-monthly.com
Concerns Mount as Debt Surges at Sir Jim Ratcliffe’s Chemicals Empire.
Ratings agencies have revised their outlook for Ineos Group to 'negative' due to the crisis affecting the tycoon's sporting interests.Sir Jim Ratcliffe is encountering increasing apprehensions regarding the financial stability of his chemicals enterprise, as projections indicate that its debt could approach nearly €12 billion (£10 billion) this year. Concurrently, his sporting ventures, which include Manchester United and New Zealand rugby, are reaching a critical juncture.
Ineos Debt Soars as Credit Agencies Issue Warnings
Ineos faces financial strain as debt nears €12B, prompting credit downgrades and concerns over Sir Jim Ratcliffe’s chemicals empire and sports ventures.
www.finance-monthly.com
mexico1970
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Surely Andy Burnham, Seb Coe, Kier Starmer, Rachel Reeves, and the rest of the rabble, including Gary Neville, haven't ignored this financial warning about Scruffy Jim and Ineos?
Concerns Mount as Debt Surges at Sir Jim Ratcliffe’s Chemicals Empire.
Ratings agencies have revised their outlook for Ineos Group to 'negative' due to the crisis affecting the tycoon's sporting interests.
Sir Jim Ratcliffe is encountering increasing apprehensions regarding the financial stability of his chemicals enterprise, as projections indicate that its debt could approach nearly €12 billion (£10 billion) this year. Concurrently, his sporting ventures, which include Manchester United and New Zealand rugby, are reaching a critical juncture.
Ineos Debt Soars as Credit Agencies Issue Warnings
Ineos faces financial strain as debt nears €12B, prompting credit downgrades and concerns over Sir Jim Ratcliffe’s chemicals empire and sports ventures.
I don't consider myself that savvy in the world of finance and business structuring but 12 billion quid in debt seems an awful lot of debt.
tolmie's hairdoo
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I wonder if he will allow his pal Gary Neville to sell Hotel Football at an inflated mark up...
The Glazer's are skint.
Scruffy Jim is skint.
Neville is skint.
United is skint.
The Government is skint.
And they want the tax payer to pay £200mil-£300mill to move freight terminal trains to St Helen's.
And then use more tax payers money to buy the Trafford freight terminal land, remediate it, and prepare it for the stadium construction.
Scruffy Jim is skint.
Neville is skint.
United is skint.
The Government is skint.
And they want the tax payer to pay £200mil-£300mill to move freight terminal trains to St Helen's.
And then use more tax payers money to buy the Trafford freight terminal land, remediate it, and prepare it for the stadium construction.