HelloCity
Well-Known Member
Re: Etihad Campus, Stadium and Collar Site Development Threa
I'm probably misunderstanding but stadium developments and the CFA aren't included in FFP calculations.
tolmie's hairdoo said:Blueband Brother said:jrb said:I'm guessing, but I don't think the club and the 2015 Rugby World Cup organizers want construction work on-going before and during the Rugby World Cup match at the Etihad. Not to mention moving the cranes, and taking City Square apart, etc. I also don't think the club was 100% sure about new season ticket sales. Obviously with nearly 10,000 on the waiting list, that's no longer a concern. So I expect we won't have to wait too long before the North Stand is expanded as well.
The Rugby World cup is something I did not consider but fair point. Concerning moving the cranes and relocating or taking down the City square, I see it as part of the process of extension of both stands. And that is how I think it should be done- a single project of extension because if the North stand is going to be done anyway why not now. If there are occasions that may delay it for a while like the world cup then that is fine but the extension should be started as soon as possible, get this phase and stadium project over and done with.
Ill be waiting for your next pics as always. Keep up the good work.
For the purposes of FFP, the works around the stadium and overall expansion plans have been tailored to our accounting periods and planned well in advance, to secure the required offsets.
City don't want or need one quick offset, they want significant tranches coming off the bottom line for the next five years at least.
Just because the owner has cash on hand, it serves the club no purpose to spend it in haste.
A LARGE portion of the CFA will be coming off the next set of figures. The North Stand, the following year...then...South...then leisure/casino plot...then housing...
If the break-even/FFP case is resolved in our favour over the next 12 months, works on the South Stand will start straight away, we already have the permission and permits.
I'm probably misunderstanding but stadium developments and the CFA aren't included in FFP calculations.