Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 12:03 pm  

That's my worry too.

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 12:04 pm  

Fungus The Muffin Man wrote:

Unless of course Brian Kennedy attempts to purchase the ground off the joint partnership. Could Salford Council afford not to have a large amount of cash ( with profit) go into their bank account?

well we know who to vote for to stop that happening

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 12:47 pm  

Fungus The Muffin Man wrote:

Unless of course Brian Kennedy attempts to purchase the ground off the joint partnership. Could Salford Council afford not to have a large amount of cash ( with profit) go into their bank account?

Does it make any sense for any club to own their own ground these days? Having read about the financial situation at Sale I doubt very much they would be in a position to make such a huge purchase like this. It stacks for the Council and Peel to build the stadium because:

1. They own the land.
2. The retail on the site would help fund the stadium cost.

A stadium isn't like a residential of commercial property that can be purchased as an investment and sold for a profit. Who would want to buy a stadium? It's an extremely limited market isn't it.

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 1:03 pm  

There has been a rumour that Kennedys money is drying up. Is this what you're referring to redshed?

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 1:07 pm  

jonny the leyther wrote:

There has been a rumour that Kennedys money is drying up. Is this what you're referring to redshed?

I was referring to the article in the Telegraph that said Sale were currently losing 1.5m a year, with shareholders supporting these losses.

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 1:32 pm  

theredshed wrote:

Who would want to buy a stadium? It's an extremely limited market isn't it.

Maybe the sort of person who's prepared to pi.ss away £1.5million+ per year on a rugby union club.

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 1:48 pm  

theredshed wrote:

Does it make any sense for any club to own their own ground these days? Who would want to buy a stadium? It's an extremely limited market isn't it.

Granted it is a limited market now. Owning ones home does, however, future proof a club; and we can't predict what will happen in ten years time.

It's all academic in our case because Salford didn't really have a say in the matter, what with the joint venture doubtlessly saving the project.

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 2:12 pm  

jonny the leyther wrote:

There has been a rumour that Kennedys money is drying up. Is this what you're referring to redshed?

money laundering as well

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 4:43 pm  

theredshed wrote:

Does it make any sense for any club to own their own ground these days? Having read about the financial situation at Sale I doubt very much they would be in a position to make such a huge purchase like this. It stacks for the Council and Peel to build the stadium because:

1. They own the land.
2. The retail on the site would help fund the stadium cost.

A stadium isn't like a residential of commercial property that can be purchased as an investment and sold for a profit. Who would want to buy a stadium? It's an extremely limited market isn't it.

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.

Re: New Stadium Site Update Thread!!! : Mon May 16, 2011 4:56 pm  

Would the council be legally alound to sell the ground? pretty sure part of the remit for allowing it in the first place would have been that it is council owned and is for the community.
Also what would Kennedy do with Edgeley Park? as let's be honest anyone who knows Stockport knows that the area around the ground isn't the best and they won'd get much for it in the way of new builds.