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Hi all, have always wondered, why can't we buy Eastlands? Have i missed sumat?

BoltFromTheBlue wrote:Hi all, have always wondered, why can't we buy Eastlands? Have i missed sumat?

You aint missed owt mate. We could buy it if the council agreed to sell.

Burt wrote:

BoltFromTheBlue wrote:Hi all, have always wondered, why can't we buy Eastlands? Have i missed sumat?

You aint missed owt mate. We could buy it if the council agreed to sell.

Burt you dont know how right you are mate.

Ahh, wont be long now id imagine

if they wont sell it us the sheikh should just get some of those abu dhabi architects to make us the most ridiculously awesome stadium ever

gillie wrote:

Burt wrote:

BoltFromTheBlue wrote:Hi all, have always wondered, why can't we buy Eastlands? Have i missed sumat?

You aint missed owt mate. We could buy it if the council agreed to sell.

Burt you dont know how right you are mate.

I know I'm right mate. They won't sell at the moment but once the general elections are over in a few months, then I think that they'd be very receptive to sell. It's a cash cow at the moment, a no-brainer cos they ave a nice steady income from it but if we put in a realistic bid, they would snap our hands off cos it'd be a massive wedge of dough straight into their coffers that they would be killing each other to get their grubby hands on big juicy slices of it.

Burt wrote:

gillie wrote:

Burt wrote:

BoltFromTheBlue wrote:Hi all, have always wondered, why can't we buy Eastlands? Have i missed sumat?

You aint missed owt mate. We could buy it if the council agreed to sell.

Burt you dont know how right you are mate.

I know I'm right mate. They won't sell at the moment but once the general elections are over in a few months, then I think that they'd be very receptive to sell. It's a cash cow at the moment, a no-brainer cos they ave a nice steady income from it but if we put in a realistic bid, they would snap our hands off cos it'd be a massive wedge of dough straight into their coffers that they would be killing each other to get their grubby hands on big juicy slices of it.

Don't Sport England own a percentage of it?

Gary Cook was asked this questions at the fans forum last season and said that we won't buy it as it's financilly better to rent. Said their are not any plans in the future for City to buy the ground.

Sister of fu wrote:Gary Cook was asked this questions at the fans forum last season and said that we won't buy it as it's financilly better to rent. Said their are not any plans in the future for City to buy the ground.

SIS do you believe Garry?.

Sister of fu wrote:Gary Cook was asked this questions at the fans forum last season and said that we won't buy it as it's financilly better to rent. Said their are not any plans in the future for City to buy the ground.

That's how spin doctors work though isn't it Fu?

I think that we'll buy it, even more so if we win a pot or two this season.

We're just biding our time until we force them to sell at OUR price methinks:o)

didn't cook say our owners liked the terms of the lease and were not inclined to change anything?

edit...oh dear. a bit late. disregard.

Not owning City of Manchester could work in our long-term interest. Should the ultimate plans of the Sheik for Manchester City be successful, we will need a larger capacity stadium. According to the guide on the tour, it would be very difficult to expand the seating capacity at COMS given the structural design. As such, we could plan something more along the lines of the Maracana! (Only in sky blue!)

Im sure i read somewhere that there was going to be a deal where Sheik and his team promise to develop land in and around Eastlands and we get the stadium land etc for mates rates.

You scratch our back,we'll scratch yours kind of thing.

Plus i dont think the council are your usual landlord,i cant see the owners having to tap up the council for months to get a new fridge in the changing room or have o send 10 letters to get a leak sorted.

a read somewhere that at the moment it is better to rent the stadium rather than buy


BUT

there was an agreed deal as part of the rent agreement where the longer we rented the better the price got to buy the thing



this could be total bullshit but you never know

nickson71 wrote:a read somewhere that at the moment it is better to rent the stadium rather than buy


BUT

there was an agreed deal as part of the rent agreement where the longer we rented the better the price got to buy the thing



this could be total bullshit but you never know

Exactly...............hence my statement above regarding biding our time mate:o)

Burt wrote:

nickson71 wrote:a read somewhere that at the moment it is better to rent the stadium rather than buy


BUT

there was an agreed deal as part of the rent agreement where the longer we rented the better the price got to buy the thing



this could be total bullshit but you never know

Exactly...............hence my statement above regarding biding our time mate:o)

I love a good hence me.

lets all have a disco wrote:

Burt wrote:

nickson71 wrote:a read somewhere that at the moment it is better to rent the stadium rather than buy


BUT

there was an agreed deal as part of the rent agreement where the longer we rented the better the price got to buy the thing



this could be total bullshit but you never know

Exactly...............hence my statement above regarding biding our time mate:o)

I love a good hence me.

You can beat a hence but you can't beat a good sherman tank mate:o)

irblinx wrote:

Burt wrote:

gillie wrote:

Burt wrote:

BoltFromTheBlue wrote:Hi all, have always wondered, why can't we buy Eastlands? Have i missed sumat?

You aint missed owt mate. We could buy it if the council agreed to sell.

Burt you dont know how right you are mate.

I know I'm right mate. They won't sell at the moment but once the general elections are over in a few months, then I think that they'd be very receptive to sell. It's a cash cow at the moment, a no-brainer cos they ave a nice steady income from it but if we put in a realistic bid, they would snap our hands off cos it'd be a massive wedge of dough straight into their coffers that they would be killing each other to get their grubby hands on big juicy slices of it.

Don't Sport England own a percentage of it?

They don't own it but they largely paid for it and both Council and the Club are bound by the terms of the grant. Basically if the Council sold it then the cost of the initial building for the Commonwealth Games would have to be repaid, about £100m?
It's only the freehold we don't own anyway, we have leasehold ownership now - long leases are effectively classed as ownership.

gillie wrote:

Sister of fu wrote:Gary Cook was asked this questions at the fans forum last season and said that we won't buy it as it's financilly better to rent. Said their are not any plans in the future for City to buy the ground.

SIS do you believe Garry?.

Yes

irblinx wrote:

Burt wrote:

gillie wrote:

Burt wrote:

BoltFromTheBlue wrote:Hi all, have always wondered, why can't we buy Eastlands? Have i missed sumat?

You aint missed owt mate. We could buy it if the council agreed to sell.

Burt you dont know how right you are mate.

I know I'm right mate. They won't sell at the moment but once the general elections are over in a few months, then I think that they'd be very receptive to sell. It's a cash cow at the moment, a no-brainer cos they ave a nice steady income from it but if we put in a realistic bid, they would snap our hands off cos it'd be a massive wedge of dough straight into their coffers that they would be killing each other to get their grubby hands on big juicy slices of it.

Don't Sport England own a percentage of it?

Not sure why a local authority would wait on a national election. Question remains do they want a big single lump or an income for life which benefits the people of Manchester. Afetr 2002 they have an obligation to protect the legacy of the area so will prolly never want to give it up entirely.
MCC had an option to take a 5% stake in the club under the terms of the lease for £5m quid.
That's expired now so the dozey effers missed a trick.
Maybe they will consider it, but for now we are 7 years into a 250 year lease which means on our books we have an asset of 100mill plus.
When the UEFA rules change, investment in infrastructure will not be scrutinised like other spending, so if anything that will be the time to consider an approach.