Of course critics could argue City were given a “free stadium” (their phrase, not mine) and the council raided their savings to contribute to it too - the difference being it was an investment from Manchester City council - the money invested has been repaid and will continue to be added to each year, indeed every time there is an event on at the ground City are giving back to residents. Manchester residents and the town hall have benefited from this investment and will continue to as long as the Blues play there.I have no problem with any club, league or non league, having debt.
What pisses me off about this club is they got (and still get) an unfair advantage over other non league clubs. First, no other club would have been able to obtain the money they did. More importantly, no other club would be allowed to have the debt without making regular repayments so that the debt is cleared.
If/when it goes belly up, the residents of Manchester will be the losers because that money could have been used to fund other, financially responsible projects.
This lot are like the other lot, normal rules do not apply to them.
Of course critics could argue City were given a “free stadium” (their phrase, not mine) and the council raided their savings to contribute to it too - the difference being it was an investment from Manchester City council - the money invested has been repaid and will continue to be added to each year, indeed every time there is an event on at the ground City are giving back to residents. Manchester residents and the town hall have benefited from this investment and will continue to as long as the Blues play there.
On the other hand there has been absolutely no benefit to residents from council tax payers money given to this alleged / so called community club. From day one it’s just been take, take, take. The only “community group” to benefit have been themselves.
Stadium build cost £112 was funded by Sport England £77m and MCCManchester City was not given a free Stadium far from it, Maine Road and the land were used and City had to pay for all the new seats and stands, MCC don't own the stadium as well, I think it was part of Sport England and Money from the commonwealth committee the government setup.
FCUM is hated by the people of Moston and will never be a community club. It was never set up to be one.
Stadium build cost £112 was funded by Sport England £77m and MCC
Conversion cost was £22m funded by MCC then moving in fitting out MCFC £20m
I may be (probably) wrong but £47M comes to mind… there was something about Tesco(?) offering to but MR and re-house City on Hough End…So what was the price for Maine Road and Land, I thought we sold Maine road and land we owned to the MCC.
Also we have had 3 or 4 major refits at the Etihad that City paid for plus the New Northstand so it all adding up close to close to £1billion City have put into the stadium
I may be (probably) wrong but £47M comes to mind… there was something about Tesco(?) offering to but MR and re-house City on Hough End…
Or I may just have been dreaming…