Socrates wrote:They still have to get planning permission for whatever they want to do but cannot imagine there being much problem there. I still don't think they will buy the freehold on the Stadium though, the Council wouldn't get much money out of doing that as they would have to repay the grants from Sport England that funded the building.
john68 wrote:If that is true Ted and I am not doubting your word, it has a massive financial implication for us and will help towards balancing the books if we try to meet any new UeFA regulations.
It also means that any increased capacity at the ground wouls give us all the revenue instead of a possible share only.
The payment now will not appear on the accounts in 3 years but the increased income will.
Ted Hughes wrote:Socrates wrote:They still have to get planning permission for whatever they want to do but cannot imagine there being much problem there. I still don't think they will buy the freehold on the Stadium though, the Council wouldn't get much money out of doing that as they would have to repay the grants from Sport England that funded the building.
Trevor Brooking said this morning that City had bought themselves out of the agreement with the council which allows them to take a cut of the gate money. Don't know if he's mistaken about that but it's the first I've heard of it if true.
Socrates wrote:Ted Hughes wrote:Socrates wrote:They still have to get planning permission for whatever they want to do but cannot imagine there being much problem there. I still don't think they will buy the freehold on the Stadium though, the Council wouldn't get much money out of doing that as they would have to repay the grants from Sport England that funded the building.
Trevor Brooking said this morning that City had bought themselves out of the agreement with the council which allows them to take a cut of the gate money. Don't know if he's mistaken about that but it's the first I've heard of it if true.
They entered into a finance agreement to pay it off a while ago, it was in the accounts a couple of years back. I would guess they will have since settled the finance agreement as we are now "debt free." Makes our trading account a little healthier for sure. That would encourage the council a little but unless they can find a way out of the Sport England clauses then I still can't see how it can happen without us paying more than it is worth...
carl_feedthegoat wrote:Socrates wrote:Ted Hughes wrote:Socrates wrote:They still have to get planning permission for whatever they want to do but cannot imagine there being much problem there. I still don't think they will buy the freehold on the Stadium though, the Council wouldn't get much money out of doing that as they would have to repay the grants from Sport England that funded the building.
Trevor Brooking said this morning that City had bought themselves out of the agreement with the council which allows them to take a cut of the gate money. Don't know if he's mistaken about that but it's the first I've heard of it if true.
They entered into a finance agreement to pay it off a while ago, it was in the accounts a couple of years back. I would guess they will have since settled the finance agreement as we are now "debt free." Makes our trading account a little healthier for sure. That would encourage the council a little but unless they can find a way out of the Sport England clauses then I still can't see how it can happen without us paying more than it is worth...
HAVE WE BOUGHT ANYTHING SINCE THEY TOOK OVER THAT WAS WORTH ITS PRICE (APART FROM TEVEZ)?
IT WONT MATTER TO THEM IN THE SLIGHTEST IF THEY SHELL OUT A FEW MILLION MORE THAN THE NORM.
carl_feedthegoat wrote:Socrates wrote:Ted Hughes wrote:Socrates wrote:They still have to get planning permission for whatever they want to do but cannot imagine there being much problem there. I still don't think they will buy the freehold on the Stadium though, the Council wouldn't get much money out of doing that as they would have to repay the grants from Sport England that funded the building.
Trevor Brooking said this morning that City had bought themselves out of the agreement with the council which allows them to take a cut of the gate money. Don't know if he's mistaken about that but it's the first I've heard of it if true.
They entered into a finance agreement to pay it off a while ago, it was in the accounts a couple of years back. I would guess they will have since settled the finance agreement as we are now "debt free." Makes our trading account a little healthier for sure. That would encourage the council a little but unless they can find a way out of the Sport England clauses then I still can't see how it can happen without us paying more than it is worth...
HAVE WE BOUGHT ANYTHING SINCE THEY TOOK OVER THAT WAS WORTH ITS PRICE (APART FROM TEVEZ)?
IT WONT MATTER TO THEM IN THE SLIGHTEST IF THEY SHELL OUT A FEW MILLION MORE THAN THE NORM.
Socrates wrote:carl_feedthegoat wrote:Socrates wrote:Ted Hughes wrote:Socrates wrote:They still have to get planning permission for whatever they want to do but cannot imagine there being much problem there. I still don't think they will buy the freehold on the Stadium though, the Council wouldn't get much money out of doing that as they would have to repay the grants from Sport England that funded the building.
Trevor Brooking said this morning that City had bought themselves out of the agreement with the council which allows them to take a cut of the gate money. Don't know if he's mistaken about that but it's the first I've heard of it if true.
They entered into a finance agreement to pay it off a while ago, it was in the accounts a couple of years back. I would guess they will have since settled the finance agreement as we are now "debt free." Makes our trading account a little healthier for sure. That would encourage the council a little but unless they can find a way out of the Sport England clauses then I still can't see how it can happen without us paying more than it is worth...
HAVE WE BOUGHT ANYTHING SINCE THEY TOOK OVER THAT WAS WORTH ITS PRICE (APART FROM TEVEZ)?
IT WONT MATTER TO THEM IN THE SLIGHTEST IF THEY SHELL OUT A FEW MILLION MORE THAN THE NORM.
You are talking £100million just to pay back Sport England Carl. You can argue they have paid more than they should for some players but £100m more than the value of a fixed asset that we already own a 250 year lease on is absolutely nonsensical and would make a mockery of the idea that they are sound businessmen!
Alex Sapphire wrote:Socrates wrote:carl_feedthegoat wrote:Socrates wrote:
They entered into a finance agreement to pay it off a while ago, it was in the accounts a couple of years back. I would guess they will have since settled the finance agreement as we are now "debt free." Makes our trading account a little healthier for sure. That would encourage the council a little but unless they can find a way out of the Sport England clauses then I still can't see how it can happen without us paying more than it is worth...
HAVE WE BOUGHT ANYTHING SINCE THEY TOOK OVER THAT WAS WORTH ITS PRICE (APART FROM TEVEZ)?
IT WONT MATTER TO THEM IN THE SLIGHTEST IF THEY SHELL OUT A FEW MILLION MORE THAN THE NORM.
You are talking £100million just to pay back Sport England Carl. You can argue they have paid more than they should for some players but £100m more than the value of a fixed asset that we already own a 250 year lease on is absolutely nonsensical and would make a mockery of the idea that they are sound businessmen!
interesting if the rental has now been settled in full.
Where did the 100 mill Sport England figure come from?
There was a couple of clauses in the deal which allowed Man City Council to take a 2.5 or a 5% stake in City at certain trigger points now passed.
I wonder if the owners would ever consider letting them have a small part of a growing entity which would mean no cash outlay, plenty of upside, and a real tie between the club and the City (unlike them who are up for "free man of the city of salford").
On the other hand since investment in infrastructurew will soon be one of the few ways the Sheikh can spend his money it would make perfect sense to build a new one and lease this one to Sale Sharks.
Who knows, but keep your eyes on MCC planning apps (which is public domain)
john68 wrote:Another area of income that City could investigate.
When arsenal demolished the ols North Stand at Highbury, they carries out a massive research study on how fans attending games spent their money. Even down to minutiae such as one armed bandits in the pre match pub. The idea being that millions of pounds of income was being spent outside the ground by people who's sole intention was to go to the ground.
I can't remember any of the figures but can remember that the lost income was a massive total. Arsenal's idea was to attempt to gather as much as possible of that lost income into the ground. They also studied ways of increwasing each fans spending by offering what they wanted.
Likewise with City, The pubs and bars, both in the City centre and around the ground earn fortunes from City games and with the advantage of having so much spare land around the ground, By providing facilities, City could increase the matchday income dramatically.
The present hospitality packages really only attract the few. We could target the mass of pre match Blues.
Again, any spending now would not show on the accounts in 3 years but the income would again increase our turnover.
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