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Thanks @Bungle put my mind at ease that!
We await detail on who pays what to whom. It's great that things are taking shape and there appears to be harmony and now partnership with the local state we've been bumping heads with for so long. But when the dust settles on this apparent funding package a number of major issues are going to emerge, and we better be ready for them:
1/ The inevitable furore over a city council that has made £400M worth of cuts exposing itself to almost as much again for the sake of a privately owned football club.
2/ (relatedly) The spotlight will fall on Moshiri as a very wealthy man fire-walling himself from any financial fall out if it all went wrong and leaving public institutions with the onerous task of paying back banks.
3/ (again relatedly) The impact on the club given the massive amount of borrowing if it should fail and its inability to pay back the debt without losing its home - or control over it (see Coventry a few years back when they ended up as tenants and eventually turfed out).
4/ The very real probability, given the two points above, of opposition and an inquiry (and, regardless of Anderson's clout, the possibility of objections at council level).
5/ The figure of £350M looks like rock bottom and will over the course of the project, should it go forward, WILL rise again and again - thus multiplying the dangers of other points made so far.
Today and the announced plan = easy bit.
Tomorrow - the firestorm of awkward questions and publicity.
I dont care who announces it as long as it becomes official...
I'm sure the answers will be in place. What we're dealing with here though is a lot of perception. If this project if funded the way we think it is, anyone thinking this just gets announced and rolls out unproblematically are living in cloud cuckoo land....the funding stream is yet to be confirmed but I'm sure a full risk assessment will have been undertaken and many of the points you legitimately raise will surely be addressed from the outset.
I'm not one to spread rumours BUT,
@GrandOldTeam is the new sponsor.
The announcement is being delayed until after this thread reaches page 1878 . . . which at this rate will be about 10AM tomorrow
Free season ticket with every GOT mug purchased next season
*TAPS NOSE
We await detail on who pays what to whom. It's great that things are taking shape and there appears to be harmony and now partnership with the local state we've been bumping heads with for so long. But when the dust settles on this apparent funding package a number of major issues are going to emerge, and we better be ready for them:
1/ The inevitable furore over a city council that has made £400M worth of cuts exposing itself to almost as much again for the sake of a privately owned football club.
2/ (relatedly) The spotlight will fall on Moshiri as a very wealthy man fire-walling himself from any financial fall out if it all went wrong and leaving public institutions with the onerous task of paying back banks.
3/ (again relatedly) The impact on the club given the massive amount of borrowing if it should fail and its inability to pay back the debt without losing its home - or control over it (see Coventry a few years back when they ended up as tenants and eventually turfed out).
4/ The very real probability, given the points above, of opposition and an inquiry (and, regardless of Anderson's clout, the possibility of objections at council level).
5/ The figure of £350M looks like rock bottom and over the course of the project, should it go forward, WILL rise again and again - thus multiplying the dangers of other points made so far.
Today and the announced plan = easy bit.
Tomorrow - the firestorm of awkward questions and publicity.
he's usually pretty spot on though.Contradicts what (presumably briefed) journalists have been saying, and would make absolutely no sense, but okay.
Got to feel sorry for them, they were promised a spade in the ground within 100 days, a state of the art stadium in Stanley Park, a football quarter, they were laughing at us when the council asked them about a ground share. Then they shot their load too early, had to be bailed out of certain administration, and their new overlords having picked them up on the cheap have told them to shut up and be happy with a meccano extension to their stand. Even better, if you can find a seat in there that isn't corporate it has a restricted view lol. It must rankle that we're now realising everything they were too stupid and greedy to have. We were prudent and tightened our belts spending only what we had. They spent a load of money that wasn't theirs. Karma.
I'm sure the answers will be in place. What we're dealing with here though is a lot of perception. If this project if funded the way we think it is, anyone thinking this just gets announced and rolls out unproblematically are living in cloud cuckoo land.
It is massively controversial, not just for local ratepayers, but for the potential impact it will have on the club.