Etihad Campus, Stadium and Collar Site Development Thread

jrb said:
I’ll add some possible reasons. I stand corrected on what I’m posting. Feel free. :-)

1. Additional match day revenue and annual income.
2. Hosting CL and Europa cup finals. 60,000+ capacity
3. It’s a 250 year lease, so additional match day income will also cover the the lease cost, which is currently between £4mill-£5mill a year. Stand corrected on that.
4. City will make the £300mill back at some point in the future. Then it will be pure profit from the stand, hotel, museum, retail, offices, the sky walk, events, conferences, etc.
5. Outside of the match day, the stand, hotel, retail, offices, bars, restaurants etc will make additional income, compared to the North stand now, which makes nothing outside of match days.
6. I think, think, City own the Collar site? They own most or all of the Etihad Campus. MCC have some say on the Collar site. What the actual relationship and partnership between the club and MCC regarding the Collar site is anyones guess. It’s shrouded in a bit of secrecy.
7. City and MCC are working together to deliver an appropriate use for the Collar site that will bring further investment, jobs, and possibly education to the area. But we don’t know what that is still.

These comments could be related to the future of the Collar site? An AI education campus on the Collar site, plus additional education and other buildings? But that’s me just guessing, nothing more.

Marty Edelman spoke at MIPIM about his relationship with the city council

The second plateau may involve some housing, but really we’re more focused on thinking about job creation – and when you think about job creation, we think about skills,” he continued.

“What we need to do is create educational places where young people can learn those skills that are relevant to a world in which AI is perhaps the future and the computer, in a way, is the past. I want to focus Man Life to see if we can create those spaces, which will provide opportunity for educating young people so they have a pathway to jobs.”

www.placenorthwest.co.uk

MIPIM | Manchester Life ponders shift away from resi - Place North West

The completion of Manchester Life’s residential-led plans for Ancoats may be in their final phase, but the partnership between Acre Real Estate and Manchester City Council is far from finished, according to Marty Edelman.
www.placenorthwest.co.uk www.placenorthwest.co.uk
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Don't City have an option to purchase the stadium outright? It's not been optioned because everyone is happy with the current arrangement but I think the key point of @Asa's left peg is answered by the fact the club could own the stadium if it ever needed to.
 
domalino said:
Don't City have an option to purchase the stadium outright? It's not been optioned because everyone is happy with the current arrangement but I think the key point of @Asa's left peg is answered by the fact the club could own the stadium if it ever needed to.
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Didn’t realise there was an option to buying the stadium,any idea what ball park figure we would be talking about as an interest…
 
domalino said:
Don't City have an option to purchase the stadium outright? It's not been optioned because everyone is happy with the current arrangement but I think the key point of @Asa's left peg is answered by the fact the club could own the stadium if it ever needed to.
Click to expand...
Never see any reference to an option to buy
A considerable amount of the fee would go to Sport England and I’ve hear said that the club are happy with the current arrangement since the lease fee goes to CoM Council and is ring fenced for sport and leisure Not sure if that is true
There was FoI asking for details of the lease this is following the renegotiation when the names rights were fixed and the percentage of gate over the Maine Road calculation removed

www.whatdotheyknow.com

Commercial terms of Etihad Stadium rental by Manchester City - a Freedom of Information request to Manchester City Council

Please send me a copy of the rental contract between (presumably) the City Council (or an entity set up by the council for the purpose) and Manchester City FC, regarding the stadium now known as the Etihad stadium. For clarification I seek to learn only the broad commercial terms of the...
www.whatdotheyknow.com www.whatdotheyknow.com
 
Gordyola said:
Never see any reference to an option to buy
A considerable amount of the fee would go to Sport England and I’ve hear said that the club are happy with the current arrangement since the lease fee goes to CoM Council and is ring fenced for sport and leisure Not sure if that is true
There was FoI asking for details of the lease this is following the renegotiation when the names rights were fixed and the percentage of gate over the Maine Road calculation removed

www.whatdotheyknow.com

Commercial terms of Etihad Stadium rental by Manchester City - a Freedom of Information request to Manchester City Council

Please send me a copy of the rental contract between (presumably) the City Council (or an entity set up by the council for the purpose) and Manchester City FC, regarding the stadium now known as the Etihad stadium. For clarification I seek to learn only the broad commercial terms of the...
www.whatdotheyknow.com www.whatdotheyknow.com
Click to expand...

Funnily enough we had this conversation a year ago! I just found it looking for the source of my claim.

forums.bluemoon-mcfc.co.uk

Etihad Campus, Stadium and Collar Site Development Thread

I was in Man for Lion King last week. Had to bring the drone too....
forums.bluemoon-mcfc.co.uk forums.bluemoon-mcfc.co.uk

jrb said:
City don't own the stadium. City have a 250 year lease on the stadium. City prefer to lease it for £4mill a year.(think that's correct?) City can buy the stadium if they want to buy it. There won't be no new stadium or demolition of parts of the Etihad bar expanding the North Stand. The North Stand will be expanded taking the capacity to 60k+ and that will probably be it. City might do something with the exterior of the stadium, but I don't think that's a priority atm, if at all?
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petrusha said:
I attended a meeting of the fairly short-lived Westminster Branch of the Supporters' Club back in January 2003 at which David Bernstein spoke for nearly three hours. This was about six weeks before he quit as chairman and six months before we took up occupation of the new stadium, and the prospective move was the biggest topic of the evening.

Bernstein 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 also suggested that it wouldn't make financial sense for City to exercise the option for at least twenty years, maybe more. In theory, of course, the financial landscape changed completely with the 2008 takeover, and what the club could reasonably afford was transformed but, for reasons that are well known, we haven't elected to exercise the option.

The provisions of the lease aren't in the public domain, but the lease is treated for accounting purposes as a finance lease (i.e. a type of lease which presupposes a change of ownership when the lease terminates). We can probably, therefore, reasonably infer that the buyout figure isn't going to be a million miles from the future liabilities recorded in the accounts as attributable to the lease.

The overall figure for lease liabilities in the 2021 accounts was, IIRC, around £64.3 million. That includes all leases and there's no breakdown, but unless someone can correct me I find it hard to imagine that we have any others under which the future payments are significant in relative terms. So around £64 million as at summer 2021 is your rough ballpark figure.

EDIT - I suppose we should also note that it's possible that the arrangement changed when the lease was amended to provide for increased rent in the event of expansion and for the sale of stadium naming rights.
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@deano ou812 This is as much as I know, but I guess the ball park figure is more like 50m.
 
domalino said:
Funnily enough we had this conversation a year ago! I just found it looking for the source of my claim.

forums.bluemoon-mcfc.co.uk

Etihad Campus, Stadium and Collar Site Development Thread

I was in Man for Lion King last week. Had to bring the drone too....
forums.bluemoon-mcfc.co.uk forums.bluemoon-mcfc.co.uk





@deano ou812 This is as much as I know, but I guess the ball park figure is more like 50m.
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Cheers for that,very interesting so if we wanted to ( sheikh Mansour that is of course) buy the stadium it’s looking at roughly £50 mill,wonder if sometime down the line this could or will happen.
 
jrb said:
I like it as well. The arena's external appearance has come in for a lot of criticism. The wow factor will definitely be inside the arena.
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Yeah a nice building up close, when I was driving out of blue car park, it looked fucking hedious, looked like a bad version of the arndale, must have been the time of day and light reflecting.
 
Gordyola said:
Never see any reference to an option to buy
A considerable amount of the fee would go to Sport England and I’ve hear said that the club are happy with the current arrangement since the lease fee goes to CoM Council and is ring fenced for sport and leisure Not sure if that is true
There was FoI asking for details of the lease this is following the renegotiation when the names rights were fixed and the percentage of gate over the Maine Road calculation removed

www.whatdotheyknow.com

Commercial terms of Etihad Stadium rental by Manchester City - a Freedom of Information request to Manchester City Council

Please send me a copy of the rental contract between (presumably) the City Council (or an entity set up by the council for the purpose) and Manchester City FC, regarding the stadium now known as the Etihad stadium. For clarification I seek to learn only the broad commercial terms of the...
www.whatdotheyknow.com www.whatdotheyknow.com
Click to expand...
Persistent fucker isn’t he?
 
deano ou812 said:
Cheers for that,very interesting so if we wanted to ( sheikh Mansour that is of course) buy the stadium it’s looking at roughly £50 mill,wonder if sometime down the line this could or will happen.
Click to expand...
It won't because our owners, unlike the Glazers and scruffy Jim, give back to Manchester, which is a big cheque to the pot #BestOwnersWorldwide
 
deano ou812 said:
Cheers for that,very interesting so if we wanted to ( sheikh Mansour that is of course) buy the stadium it’s looking at roughly £50 mill,wonder if sometime down the line this could or will happen.
Click to expand...
No reason that MCC would be interested in selling it as most of the proceeds would presumably need to go to Sport England who put up £80m to build it. Of that £80m, most came from the National Lottery with only around 10% coming from government. The government have had a pretty good return on that investment with all the extra tax paid by City and their players over the last 21 years compared to what would have have been the case had we stayed at MR. It doesn’t get said often enough that the investment by the government and MCC back in 2002 has been recouped many times over and it is a great example of a hugely successful legacy from spending on an international sports event. Total contrast to the London Olympic legacy where the tax payer will never get their money back in a million years, and West Ham were given a huge handout, and ironically they’ve ended up with a stadium with a pitch too far away from most of the crowd that I suspect half their fans hate.
 
west didsblue said:
No reason that MCC would be interested in selling it as most of the proceeds would presumably need to go to Sport England who put up £80m to build it. Of that £80m, most came from the National Lottery with only around 10% coming from government. The government have had a pretty good return on that investment with all the extra tax paid by City and their players over the last 21 years compared to what would have have been the case had we stayed at MR. It doesn’t get said often enough that the investment by the government and MCC back in 2002 has been recouped many times over and it is a great example of a hugely successful legacy from spending on an international sports event. Total contrast to the London Olympic legacy where the tax payer will never get their money back in a million years, and West Ham were given a huge handout, and ironically they’ve ended up with a stadium with a pitch too far away from most of the crowd that I suspect half their fans hate.
Click to expand...
Yeah unlike ours were we took the running track away ..
 
west didsblue said:
No reason that MCC would be interested in selling it as most of the proceeds would presumably need to go to Sport England who put up £80m to build it. Of that £80m, most came from the National Lottery with only around 10% coming from government. The government have had a pretty good return on that investment with all the extra tax paid by City and their players over the last 21 years compared to what would have have been the case had we stayed at MR. It doesn’t get said often enough that the investment by the government and MCC back in 2002 has been recouped many times over and it is a great example of a hugely successful legacy from spending on an international sports event. Total contrast to the London Olympic legacy where the tax payer will never get their money back in a million years, and West Ham were given a huge handout, and ironically they’ve ended up with a stadium with a pitch too far away from most of the crowd that I suspect half their fans hate.
Click to expand...

As you say.

London won its bid to host the 2012 Olympic Games in 2005 by a narrow margin, beating its closest rival Paris by 54 votes to 50. [1] The London 2012 Olympic Games took place across six boroughs: Barking and Dagenham, Greenwich, Hackney, Newham, Tower Hamlets and Waltham Forest, and cost a total of £8.77 billion - three times the original budget of £2.4 billion.
 
deano ou812 said:
Yeah unlike ours were we took the running track away ..
Click to expand...
Exactly. It was planned for its end use of football with compromises made for its temporary use as an athletics stadium for a couple of weeks in 2002, whereas in London they unfathomably decided not to learn the lesson from Manchester’s success and went for a fantastic athletics stadium that covers an area far too big for a decent football stadium that cost three times as much to convert than the overall cost of the original City of Manchester Stadium. And that was on top of the original building cost of around £800m if I remember correctly.
 
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