Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 5:10 pm
Fungus The Muffin Man wrote:
Why not buy the stadium? The joint venture company could make a profit and maybe still keep the retail units and inherent rents. Sale own the ground and can then use it for concerts etc.... they have a nice clean shiney new stadium to encourage union loving corporate hospitality.
I think the one thing which could go in our favour is that Sale coming onboard may make the 2nd and 3rd phase be built sooner rather than later.
I'd be ok with Sale being there as long as we are safe and the primary tenant. And the stadium was kept by the council as a community stadium.
I think the one thing which could go in our favour is that Sale coming onboard may make the 2nd and 3rd phase be built sooner rather than later.
I'd be ok with Sale being there as long as we are safe and the primary tenant. And the stadium was kept by the council as a community stadium.
I cant imagine either Salford or Sale coming up with the millions to buy it. If this was possible why aren't both clubs building new stadiums themselves? I'm sure both clubs financial priorities are about the strength of the teams on the field rather than making huge investments they can't afford. Bare in mind also that the 26m figure is just for the stadium and not the retail and future associated profits. Like I said in an earlier post the stadium cost to the JV is probably viable because they own the land and some of the profit from the future retail would go towards paying off the stadium loan. At the end of the day the council have backed this because its for the community of Salford (and as long as they aren't losing money) I can't imagine they would want to relinquish control. For instance in addition to the sports pitches/facilities I understand that one floor of the main stand will be used as community offices.