Manc
Player Valuation: £225k
Technically yes, it's our ground now. Initially we had to pay a £2m per year fee to 'rent' the stadium with an added percentage of our ticket sales being payed to Manchester council. The council also had the right to organise a number of concerts during the 'out season'. Since mansour has come he's made a deal with Manchester council to pay one 'lump sum' to take control of the stadium, we have a Leasehold of over 200 years for the stadium.Is it technically their ground? I mean, wasn't it paid for by sport England (77 million) and Manchester City council chipped in another 27 million, leaving Manchester City fc with the headache of having to raise 22 million. Easy really when you have it handed to you on a plate....
Just saying like.
It really has been a win/win for everyone involved. City have moved from an incredibly old, run down stadium to a state of the art facility which put us on the market for global investors. Manchester City Council got to host the common wealth games because they had a suitable anchor tenant, The tax payers who've forked out a few million pounds have been more than refunded for it via the investment it's brought to the country and the residents of East Manchester have had a transformation of their neighborhood. Just as an added bonus, over 90% of the work being done around the Etihad campus is performed by local residents.
The Commonwealth stadium has arguably had the biggest impact on Manchester since the ship canal was built and non of it could have been done without Manchester City FC.