bluesoup said:Our owners are known for property development and investments across the world. This is just another project for their portfolio and it ties in nicely with mcfc strategies.
mrtwiceaseason said:notice the houses are rental .could the income from these some how count in citys turnover ?
Think this is more of a commercial deal than a city earner.MrE said:bluesoup said:Our owners are known for property development and investments across the world. This is just another project for their portfolio and it ties in nicely with mcfc strategies.
If I understand correctly, the costs do not count against FFP but any profits will count towards Citys breakeven / profit.
Is this correct ?
MrE said:bluesoup said:Our owners are known for property development and investments across the world. This is just another project for their portfolio and it ties in nicely with mcfc strategies.
If I understand correctly, the costs do not count against FFP but any profits will count towards Citys breakeven / profit.
Is this correct ?
More than 800 new homes are to be built in Manchester as part of the "biggest residential investment for a generation", the city council says,
The authority is working with the owners of Manchester City Football Club to regenerate the Ancoats and New Islington areas near the stadium.
The club is already planning to increase capacity of the Etihad Stadium from 47,670 to 62,170.
The new phased development will take place over the next 10 years.
A spokesman for the Manchester Life Development Company, a joint venture between the council and Abu Dhabi United Group - said work on the first phase would begin in 2015 and includes 830 new homes.
Other recent investment in the area includes a Metrolink extension, new healthcare facilities, a primary school due to open in New Islington in September 2015 and the remodelling of Central Retail Park on Great Ancoats Street.
Sir Richard Leese, leader of Manchester City Council, said: "The planned transformation of the eastern edge of the city centre is the single biggest residential investment Manchester has seen for a generation."
john@staustell said:MrE said:bluesoup said:Our owners are known for property development and investments across the world. This is just another project for their portfolio and it ties in nicely with mcfc strategies.
If I understand correctly, the costs do not count against FFP but any profits will count towards Citys breakeven / profit.
Is this correct ?
Who knows? On the face of it, it looks like a separate investment to City, but would be good if it is the club.
nmc said:Whether the club directly benefits or not isn't clear but the longer term wider benefits are incredible. ADUG are now a critical part of the regeneration of the northern part of Manchester - they are the strategic catalyst and the answer to MCC's dreams. MCFC and it's owners are placing themselves in a wholly unique and unprecedented position at the centre of a vast regeneration project and for the long term MCFC will be a pillar of the Manchester community - for all the right reasons - in contrast to every other football club in the UK we (thanks to ADUG) are putting in and not taking out. I still think very few people have grasped just how big this "project" is becoming - from the days of the old Social Club we are fast becoming a world super power who are out thinking and outwitting Bayern, Barca, R Madrid and the Rags. I never dreamt our club could be in such good hands.
S04 said:mrtwiceaseason said:notice the houses are rental .could the income from these some how count in citys turnover ?
No, because City will not own them...
Neville Kneville said:Simple, only City fans will be allowed to live in them.
Utd fans will be refused & should any scousers even visit the area, they will have the dogs set upon them.
tonea2003 said:being naive here but what do ADUG get out of building new homes that are not directly linked to manchester city football club or am i missing the point?
i know i am not seeing the wood for the trees
are we getting some other land or something
also any more news on asda,? i'm being told next are moving out with asda taking up their space
so rather asda on the way out they are to increase their footprint
nmc said:Whether the club directly benefits or not isn't clear but the longer term wider benefits are incredible. ADUG are now a critical part of the regeneration of the northern part of Manchester - they are the strategic catalyst and the answer to MCC's dreams. MCFC and it's owners are placing themselves in a wholly unique and unprecedented position at the centre of a vast regeneration project and for the long term MCFC will be a pillar of the Manchester community - for all the right reasons - in contrast to every other football club in the UK we (thanks to ADUG) are putting in and not taking out. I still think very few people have grasped just how big this "project" is becoming - from the days of the old Social Club we are fast becoming a world super power who are out thinking and outwitting Bayern, Barca, R Madrid and the Rags. I never dreamt our club could be in such good hands.