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Etihad Campus, Stadium Development and Collar Site
- Thread starter fbloke
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Re: Etihad Campus & potential new stadium
Don't know how you come to that conclusion. MCC get £3 million from the club and have a responsibility to interested parties (i.e. Sport England who helped fund the stadium) for it to be used and maintained. I guess your not familiar with the term 'white elephant'...warpig said:so let me get this right; are people really concerned about mcc not granting planning permission for a new stadium? it would be an absolute formality.
Jordie
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Re: Etihad Campus & potential new stadium
I don't know what the deal is with Sport England but i'm sure there would be an easy way around any agreements with them considering the amounts of money involved.
£3m is chicken feed in the great scheme of things, i believe we earn around £1m for each concert that is held there. Also the council would factor in the extra revenue brought into the city by more fans attending a new enlarged stadium.ste.sully said:Don't know how you come to that conclusion. MCC get £3 million from the club and have a responsibility to interested parties (i.e. Sport England who helped fund the stadium) for it to be used and maintained. I guess your not familiar with the term 'white elephant'...warpig said:so let me get this right; are people really concerned about mcc not granting planning permission for a new stadium? it would be an absolute formality.
I don't know what the deal is with Sport England but i'm sure there would be an easy way around any agreements with them considering the amounts of money involved.
Etihad Campus & potential new stadium
The lease on the Stadium is the balance of 250 years, it must be assumed that a new structure would be required at least once in this timeframe.
We just want the new structure now and are prepared to pay for it - where is the problem?
The lease on the Stadium is the balance of 250 years, it must be assumed that a new structure would be required at least once in this timeframe.
We just want the new structure now and are prepared to pay for it - where is the problem?
Re: Etihad Campus & potential new stadium
On the annual fee to the council that is now limited to £3m have a think about why Liverpool, Everton and Spurs (even Chelsea) are falling behind United in match day revenues.
Then look at Arsenal, a club that invested in a modern stadium from their own pockets even with massive revenues from their old site, and how interest fees on that debt dwarfed £3m p.a.
The model City have worked to for COMS/Etihad is the envy of most other clubs TBH.
On the annual fee to the council that is now limited to £3m have a think about why Liverpool, Everton and Spurs (even Chelsea) are falling behind United in match day revenues.
Then look at Arsenal, a club that invested in a modern stadium from their own pockets even with massive revenues from their old site, and how interest fees on that debt dwarfed £3m p.a.
The model City have worked to for COMS/Etihad is the envy of most other clubs TBH.
not my fault!
Well-Known Member
Re: Etihad Campus & potential new stadium
And thats why they will develop rather than rebuild. It doesnt make sense to start again when you have such a good deal, the stadium can be expanded as has been proven and we have enough land around the ground to develop it too.
fbloke said:On the annual fee to the council that is now limited to £3m have a think about why Liverpool, Everton and Spurs (even Chelsea) are falling behind United in match day revenues.
Then look at Arsenal, a club that invested in a modern stadium from their own pockets even with massive revenues from their old site, and how interest fees on that debt dwarfed £3m p.a.
The model City have worked to for COMS/Etihad is the envy of most other clubs TBH.
And thats why they will develop rather than rebuild. It doesnt make sense to start again when you have such a good deal, the stadium can be expanded as has been proven and we have enough land around the ground to develop it too.
Re: Etihad Campus & potential new stadium
The problem is with MCC. They receive £3m a year for doing absolutely nothing and £3m x 250 years = far more than we would pay to buy the stadium. They have essentially set themselves up on the gravy train for the next 10 generations. If we build a new stadium, we would most probably build it on land that we - not they - own. Not only will they not get any money from that, they lose their £3m stipend AND they are left nursing a stadium that no-one will want.
It's a bit like owning two houses - you live in one, some other guy rents the other one from you, and has an agreement that he'll rent it for more than it's worth for the rest of his life. One day in the middle of the financial crisis he approaches you and says he's come into a bit of money and wants to build his own house. Problem is you are now hard on cash yourself and can't afford your own house, and you know no-one else can afford your rent. Why wouldn't you force him to keep paying your rent at the cost of his own dreams?
el bee said:The lease on the Stadium is the balance of 250 years, it must be assumed that a new structure would be required at least once in this timeframe.
We just want the new structure now and are prepared to pay for it - where is the problem?
The problem is with MCC. They receive £3m a year for doing absolutely nothing and £3m x 250 years = far more than we would pay to buy the stadium. They have essentially set themselves up on the gravy train for the next 10 generations. If we build a new stadium, we would most probably build it on land that we - not they - own. Not only will they not get any money from that, they lose their £3m stipend AND they are left nursing a stadium that no-one will want.
It's a bit like owning two houses - you live in one, some other guy rents the other one from you, and has an agreement that he'll rent it for more than it's worth for the rest of his life. One day in the middle of the financial crisis he approaches you and says he's come into a bit of money and wants to build his own house. Problem is you are now hard on cash yourself and can't afford your own house, and you know no-one else can afford your rent. Why wouldn't you force him to keep paying your rent at the cost of his own dreams?
JoeMercer'sWay
Well-Known Member
Re: Etihad Campus & potential new stadium
I thought everything we are doing is a partnership between us and the council anyway?
Falastur said:el bee said:The lease on the Stadium is the balance of 250 years, it must be assumed that a new structure would be required at least once in this timeframe.
We just want the new structure now and are prepared to pay for it - where is the problem?
The problem is with MCC. They receive £3m a year for doing absolutely nothing and £3m x 250 years = far more than we would pay to buy the stadium. They have essentially set themselves up on the gravy train for the next 10 generations. If we build a new stadium, we would most probably build it on land that we - not they - own. Not only will they not get any money from that, they lose their £3m stipend AND they are left nursing a stadium that no-one will want.
It's a bit like owning two houses - you live in one, some other guy rents the other one from you, and has an agreement that he'll rent it for more than it's worth for the rest of his life. One day in the middle of the financial crisis he approaches you and says he's come into a bit of money and wants to build his own house. Problem is you are now hard on cash yourself and can't afford your own house, and you know no-one else can afford your rent. Why wouldn't you force him to keep paying your rent at the cost of his own dreams?
I thought everything we are doing is a partnership between us and the council anyway?
Re: Etihad Campus & potential new stadium
It is, but building a new stadium wouldn't be. They might not take too kindly to that, shall we say, and it might well cause them to reevaluate their involvement in the rest of our cooperation...
JoeMercer'sWay said:Falastur said:el bee said:The lease on the Stadium is the balance of 250 years, it must be assumed that a new structure would be required at least once in this timeframe.
We just want the new structure now and are prepared to pay for it - where is the problem?
The problem is with MCC. They receive £3m a year for doing absolutely nothing and £3m x 250 years = far more than we would pay to buy the stadium. They have essentially set themselves up on the gravy train for the next 10 generations. If we build a new stadium, we would most probably build it on land that we - not they - own. Not only will they not get any money from that, they lose their £3m stipend AND they are left nursing a stadium that no-one will want.
It's a bit like owning two houses - you live in one, some other guy rents the other one from you, and has an agreement that he'll rent it for more than it's worth for the rest of his life. One day in the middle of the financial crisis he approaches you and says he's come into a bit of money and wants to build his own house. Problem is you are now hard on cash yourself and can't afford your own house, and you know no-one else can afford your rent. Why wouldn't you force him to keep paying your rent at the cost of his own dreams?
I thought everything we are doing is a partnership between us and the council anyway?
It is, but building a new stadium wouldn't be. They might not take too kindly to that, shall we say, and it might well cause them to reevaluate their involvement in the rest of our cooperation...
JoeMercer'sWay
Well-Known Member
Re: Etihad Campus & potential new stadium
that's if you think we haven't thought of most of the possible outcomes to us changing the stadium.
Falastur said:JoeMercer'sWay said:Falastur said:The problem is with MCC. They receive £3m a year for doing absolutely nothing and £3m x 250 years = far more than we would pay to buy the stadium. They have essentially set themselves up on the gravy train for the next 10 generations. If we build a new stadium, we would most probably build it on land that we - not they - own. Not only will they not get any money from that, they lose their £3m stipend AND they are left nursing a stadium that no-one will want.
It's a bit like owning two houses - you live in one, some other guy rents the other one from you, and has an agreement that he'll rent it for more than it's worth for the rest of his life. One day in the middle of the financial crisis he approaches you and says he's come into a bit of money and wants to build his own house. Problem is you are now hard on cash yourself and can't afford your own house, and you know no-one else can afford your rent. Why wouldn't you force him to keep paying your rent at the cost of his own dreams?
I thought everything we are doing is a partnership between us and the council anyway?
It is, but building a new stadium wouldn't be. They might not take too kindly to that, shall we say, and it might well cause them to reevaluate their involvement in the rest of our cooperation...
that's if you think we haven't thought of most of the possible outcomes to us changing the stadium.
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