Andy Burnham | Manchester Mayor

petrusha said:
City won't pay anywhere near 1 billion quid under the lease. The club has an option to buy the lease with rent already paid being set off against the purchase price.

That hasn't happened so far, because the money would go to Sport England. However, that stipulation ceases after a set period, which I believe is 25 years but the information isn't in the public domain. As I've posted on here before, the source for this information is David Bernstein at a meeting in Portcullis House, Westminster in January 2003.

You'll probably see the club buy out the lease after the deadline for paying Sport England expires. I suspect we may well transfer the lease to the ownership of the JV owned by the Council and the club in line with other land in and around the Campus, but let's see on that.



These figures aren't right, I'm afraid. I'm about to disappear for the evening but will look out the correct ones tomorrow morning. However, I can say for a start that COMS cost GBP 130 million, with Sport England paying an extra GBP 20 million to cover cost overruns before the Games.

Moreover, David Conn reported back in the day, and I think he's right, that the current annual rent is GBP 4 million. That includes a payment of GBP 1 million for the right to dispose of stadium naming rights. And I don't know why you think it should be measured how much of MCC's contribution the club has paid back but lottery funding ignored. I personally disagree, anyway.

From memory, but subject to subsequent clarification, City have currently paid about GBP 80 million of the GBP 130 million total cost of the stadium. When we end up owning it, we'll have more than paid the construction and conversion costs, unlike that catastrophe at West Ham, which has been and remains a huge drain on the public purse.
Click to expand...
So is it 2028 when the club have the option to buy the stadium then ?
 
BamberBridgeBlue said:
Burnham is, was and always has been a contemptible, attention seeking Scouse twat. Yet the people of Manchester insist on voting him as Mayor. He’d turn up at an opening of Jim and Beryl’s new conservatory on Briscoe Lane if the Granada cameras were there.
Click to expand...
Ha ha ha - just after we’d had our conservatory built in 2003 Richard Leese was campaigning in our area and commented on how nice it looked!
 
Fuck off Burnham, you've been a disaster for Greater Manchester, your an opportunistic chancer, you've never once said anything positive about City in light of the allegations against us.
When your beloved Everton were being investigated you were all over it like a rash, couldn't get your smug face off the TV, you scouse fucking wet wipe.
No doubt supporting the regeneration of Trafford you'll have your nose in the troff and filling pants, champagne socialist prick.
 
BamberBridgeBlue said:
Burnham is, was and always has been a contemptible, attention seeking Scouse twat. Yet the people of Manchester insist on voting him as Mayor. He’d turn up at an opening of Jim and Beryl’s new conservatory on Briscoe Lane if the Granada cameras were there.
Click to expand...
What time and date is the opening?
 
red 2 hats said:
Fuck off Burnham, you've been a disaster for Greater Manchester, your an opportunistic chancer, you've never once said anything positive about City in light of the allegations against us.
When your beloved Everton were being investigated you were all over it like a rash, couldn't get your smug face off the TV, you scouse fucking wet wipe.
No doubt supporting the regeneration of Trafford you'll have your nose in the troff and filling pants, champagne socialist prick.
Click to expand...
He commented on Everton after they had been found guilty.

He, and no other politician, have commented on City’s case, as it is ongoing.
 
So Burnham says no public money will go towards the stadium, sounds like the rags are going to be chalking up another huge debt to pay for it if he's telling the truth.
Hard to see their current shit tip being usable while all this work is going on, I do hope city tells them to fuck right off when they come begging to use our ground
 
dickie davies said:
COMS cost £110M
77M came from Sport England
33M from MCC

City gave Maine Road to the council for development for housing and also agreed a 250 year lease payment based on attendance figures, which was renegotiated to a flat £3M PA fee a few years ago, plus City stumped up several million to complete COMS so football could be played
I think in total, including MR, City paid £33M

For its investment into the Commonwealth stadium, which would never had been built unless someone had agreed to take it over following the games, MCC received Maine Road and continues to receive the lease payments, which are now £3M PA and will have easily covered the £33M MCC paid back in 2000-2002
Click to expand...
The lease payments are more than that see this thread https://forums.bluemoon-mcfc.co.uk/...-site-development-thread.328878/post-16999894

IMG_0580.jpeg
 
jrb said:
Really Andy?

Is that why City will pay £1bill over the 250 year lease deal for the Etihad stadium.

If City hadn’t moved to the City of Manchester stadium, as it was renamed, and paid for the North stand construction, the 2002 Commonwealth Games stadium would have remained a White Elephant.

Apart from that Andy, what other financial help have City received from you, that you are desperately trying to get for United?

View attachment 144643

Click to expand...

Burnham just showing his total ignorance again. Manchester City Council continue to make a huge profit on the stadium deal. Thousands of jobs and homes plus multiple millions in revenues from business rates and council tax. This investment came mostly from Sheikh Mansour who is also making a huge profit. The initial short-term public investment (linked to the Commonwealth Games) has been dwarfed by the private investment.
 
Saw this random tweet before about how they plan on funding the payment of the stadium. No idea of the reliability of what is said but makes sense and I think it's the first I've seen of anyone actually funding the stadium. Obviously they have to get the investors now...

1000026894.jpg
 
jrb said:
I always assumed the yearly rent was tied into to the 250 lease on the stadium, if City didn’t take up the option to buy the stadium?

Thanks for inside info. ;-)
Click to expand...

I think it is, but Bernstein regarded it as inevitable that we'd buy the lease. Surely it must be, I'd have thought.
 
jrb said:
Really Andy?

Is that why City will pay £1bill over the 250 year lease deal for the Etihad stadium.

If City hadn’t moved to the City of Manchester stadium, as it was renamed, and paid for the North stand construction, the 2002 Commonwealth Games stadium would have remained a White Elephant.

Apart from that Andy, what other financial help have City received from you, that you are desperately trying to get for United?

View attachment 144643

Click to expand...

No, Andy. Quite the opposite in fact. The area has benefitted from the substantial investment from the football club after the Commonwealth Games, without which the city would be sitting on a derelict waste land and a pile of rubble, or at best a few shitbox PFI 'affordable' houses.

Ratcliffe and the Floridian Chuckle Brothers aren't going to put in a single penny of their own money into any 'regeneration plan' that benefits anyone but themselves.
 
dickie davies said:
COMS cost £110M
77M came from Sport England
33M from MCC

City gave Maine Road to the council for development for housing and also agreed a 250 year lease payment based on attendance figures, which was renegotiated to a flat £3M PA fee a few years ago, plus City stumped up several million to complete COMS so football could be played
I think in total, including MR, City paid £33M

For its investment into the Commonwealth stadium, which would never had been built unless someone had agreed to take it over following the games, MCC received Maine Road and continues to receive the lease payments, which are now £3M PA and will have easily covered the £33M MCC paid back in 2000-2002
Click to expand...
Those pesky facts.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top