Etihad Campus, Stadium and Collar Site Development Thread

petrusha said:
It was valued in the deal at £27 million, which represented its valuation in our accounts at the time. Some argued back then that the figure was excessive to a significant degree.

The Council wanted to cut the capacity to 20,000 or so and lease it to a sports team. Sale RU and Stockport County (seriously) put in bids and Sale were chosen. Unfortunately, their middle class support base didn't fancy a weekly trek from Cheshire to Moss Side so they pulled out. It was sold for housing instead and an FoIA request subsequently revealed it pulled in around £14 million.

That said, even if we take the value of Maine Road as just over half of that originally ascribed to it, the Council has received well over £80 million from City for the stadium as at summer 2024. I've given chapter and verse on this before, so use the search function if you want the proper figures.
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The Maine Road and City of Manchester Stadium deals were superb deals for all parties.

Maine road transformed into a superb housing area and the Etihad and surrounding area becoming a boom part of Manchester, the transformation around there is simply unbelievable and getting better by the day.
 
jrb said:
Ignore the Council House jibe at the start of the article. Gary James is mentioned in the article.

Article, 2010.

Labour MP Graham Stringer, who was leader of Manchester City Council at the time, is quoted as saying: “Discussions with United were serious and went to a high level – the highest level.

www.mirror.co.uk

United planned to ditch Old Trafford for Eastlands - Exclusive

Fergie blocked the move in the late 90's fearing the decision could backfire like it did for Arsenal
www.mirror.co.uk www.mirror.co.uk
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and there was the offer of a ground share with Utd at the new stadium at the time.
 
Man_City_Loyal said:
and there was the offer of a ground share with Utd at the new stadium at the time.
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How the fuck did anybody of sane mind think that would ever work ?

The thought of their fucking imbeciles infesting the stadium and surrounding areas is horrific.

Far better that the cunts remain in Trafford , although anywhere else in the world but Manchester would be the ideal location.
 
Man_City_Loyal said:
was manchester council
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Was it the same council who thought FC Scum deserved a ground to watch the pretend rags , when their mardarse pretend supporters spit this dummies out because apparently they were " protesting " about the Glazers owning the rags ?

Manchester Council members who supported that utter fraud shite of a reason to give money to that cause should be charged for aiding and abetting fraud on a massive scale.
 
Colin Bells Boots said:
Was it the same council who thought FC Scum deserved a ground to watch the pretend rags , when their mardarse pretend supporters spit this dummies out because apparently they were " protesting " about the Glazers owning the rags ?

Manchester Council members who supported that utter fraud shite of a reason to give money to that cause should be charged for aiding and abetting fraud on a massive scale.
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Yes same council :)
 
Colin Bells Boots said:
Was it the same council who thought FC Scum deserved a ground to watch the pretend rags , when their mardarse pretend supporters spit this dummies out because apparently they were " protesting " about the Glazers owning the rags ?

Manchester Council members who supported that utter fraud shite of a reason to give money to that cause should be charged for aiding and abetting fraud on a massive scale.
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And the same council that will be part funding the new "Wembley of the north" despite what they say publicly.

Scruffy Jim and The Trailer Trash brothers won't be funding anything, yet I get the feeling the deal to build is already done and dusted, too much noise for it not to be.
 
Keeper! said:
And the same council that will be part funding the new "Wembley of the north" despite what they say publicly.

Scruffy Jim and The Trailer Trash brothers won't be funding anything, yet I get the feeling the deal to build is already done and dusted, too much noise for it not to be.
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Whilst you may be right, it should be the next can of worms to be opened re state funding/FFP/PSR?
Obviously, nothing will be said. Maybe it will be given to them, like the Olympic stadium was to our friends in East London.
 
Asa's left peg said:
Whilst you may be right, it should be the next can of worms to be opened re state funding/FFP/PSR?
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It is hard to see how West Hams near free deal on the Olympic Stadium is not classed as state aid and treated in the same way as interest free loans when it comes to FFP/PSR because of the financial advantage it confers. What a can of worms has been opened?
 
spiny said:
It is hard to see how West Hams near free deal on the Olympic Stadium is not classed as state aid and treated in the same way as interest free loans when it comes to FFP/PSR because of the financial advantage it confers. What a can of worms has been opened?
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I suppose the argument can be made that West Ham just took advantage of the desperation of the Olympic Legacy Commission to find a user. Tottenham would have taken it had they been allowed to bulldoze the whole thing and build a new football stadium on the site.

But this was not allowed because the athletics lobby wanted to retain the running track, presumably to hold a meeting every two or three years and costing millions to take out and then replace the temporary seating above the track every meeting. With no other user on the cards, West Ham could dictate their own terms.

The City of Manchester Stadium, needed an end-user from the start, otherwise it would never have been built in the first place. Realistically that could only have been United (very unlikely) or City.

The conception ruled out a dedicated athletics stadium and ensured that it would be reconfigured as a football stadium after the games. This left a stadium that was well designed and not a dog's breakfast like the City of London Stadium.
 
spiny said:
Coe has experience of using large amounts tax payers money to fund stadia of no benefit to the general public. Strange how only certain parties benefitted? No wonder the rags wanted him on board.
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Coe was fuming when he discovered that the running track was to be removed from COMS. Just how many athletics meetings would the stadium have ever hosted? Would City have agreed to move there with a permanent running track?

If the answer to the latter question is no, then the stadium would never have been built in the first place.
 
spiny said:
It is hard to see how West Hams near free deal on the Olympic Stadium is not classed as state aid and treated in the same way as interest free loans when it comes to FFP/PSR because of the financial advantage it confers. What a can of worms has been opened?
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Because they rent the stadium for x games a year they aren’t the de-facto owners like City are it’s an amazing deal that they have but it’s more limited than City’s
Maybe it should be subject to fair market value though
 
Keeper! said:
The Maine Road and City of Manchester Stadium deals were superb deals for all parties.

Maine road transformed into a superb housing area and the Etihad and surrounding area becoming a boom part of Manchester, the transformation around there is simply unbelievable and getting better by the day.
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Probably the best deal ever done by any local authority thanks to Howard Bernstein and others. Created thousands of jobs, thousands of homes, cleared a vast blighted area of chemical pollution, generated multi millions in Council Tax and Business Tax revenues and it's not finished yet. Manchester has been better at getting inward investment than most other cities. Just as well because we have had fuck all help from successive London Governments for decades.
 
JGL07 said:
Coe was fuming when he discovered that the running track was to be removed from COMS. Just how many athletics meetings would the stadium have ever hosted? Would City have agreed to move there with a permanent running track?

If the answer to the latter question is no, then the stadium would never have been built in the first place.
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barely any events at the Regional Athletics Stadium merit seating and sell-outs, as the UK has plenty of spacious tracks with stands
 
Gordyola said:
Because they rent the stadium for x games a year they aren’t the de-facto owners like City are it’s an amazing deal that they have but it’s more limited than City’s
Maybe it should be subject to fair market value though
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But fair market valuation is based on what potential tenants would be willing and able to pay.

Spurs declined the invitation to become tenants. Arsenal are obviously not going to bite for obvious reasons. It’s the wrong side if the City for Chelsea and Fulham, even more so for Palace. No one else in London would be capable of paying any more than West Ham are currently doing so. The only team to express interest, apart from West Ham, were Orient!

So it was either rent to West Ham or mothball the white elephant.
 
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