No. I was at a Supporters' Club meeting in London in January 2003 when we were addressed by David Bernstein, about six weeks before he quit as chairman and six months before we took up occupation of the stadium. He confirmed that the lease contains an option for MCFC to acquire the freehold at an option price that reduces over time because the rent we've already paid can be offset against it.
He suggested that it wouldn't make financial sense for City to exercise the option for at least twenty years, maybe considerably more. In theory, the financial landscape changed completely with the 2008 takeover, and what the club could reasonably afford was transformed.
The reason they've elected not to buy the freehold so far is because the money would go straight back to Sport England to compensate the cost of building the stadium. Rent payments go to the Council and are ringfenced for other sports facilities in the area, so the big loser if we exercised the option would be MCC. That's why we still haven't done so yet.