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Wembley for Sale?

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YT Flag Oxford 27 Apr 18 2.03pm Send a Private Message to YT Add YT as a friend

Originally posted by Painter

I think you will find, we paid for most of it via the government. The FA are paying it back, due to finish paying in 2024.
It will now become a Fulham’s home ground and Craven Cottege will be sold off, the site it sits on is worth about £300m.

I've no idea how it was funded, but if as you say the FA still owes a load of money to the government then they will only have the net of the sale proceeds less what they still owe to go into "grass roots" or "line their pockets" or any other suggestions made. Even the FA can't escape its debts simply by selling its main asset.

 


Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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CambridgeEagle Flag Sydenham 27 Apr 18 3.17pm Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by kenbarr

[Link]

From the NY Times. I find Kahn's attempt to say his buying Wembley will help him keep the NFL team in Jacksonville as laughable. Wembley will become the Jaguars new home, rather than Fulham's. It would also put a spanner in Spurs hopes to make the new Lane the London home for the NFL. Since I have no faith in Sweet Fanny Adams to do the right thing, if they do sell they will pocket the money and only drips and drabs will make it to the grass roots.

I wouldn't mind having an NFL franchise in London, and the Jags are a decent side currently. From watching the odd game on TV when the Jags have been at home in Jacksonville, they don't seem to be particularly well supported at home. Lots of empty seats. I imagine it would make good financial sense from a match day point of view to move the team to London, as well as being the first owner of a non-American NFL side in the history books. I'd certainly go to the odd game if tickets weren't stupidly expensive.

I would mind the FA frittering away the proceeds though! I'd like to think they'd target using the funds with England winning a world cup in 20-30 years in mind.

 

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Stuk Flag Top half 27 Apr 18 3.34pm Send a Private Message to Stuk Add Stuk as a friend

Originally posted by CambridgeEagle

I wouldn't mind having an NFL franchise in London, and the Jags are a decent side currently. From watching the odd game on TV when the Jags have been at home in Jacksonville, they don't seem to be particularly well supported at home. Lots of empty seats. I imagine it would make good financial sense from a match day point of view to move the team to London, as well as being the first owner of a non-American NFL side in the history books. I'd certainly go to the odd game if tickets weren't stupidly expensive.

I would mind the FA frittering away the proceeds though! I'd like to think they'd target using the funds with England winning a world cup in 20-30 years in mind.

It'll happen, I've been saying it since the first regular season games were played here. Florida is only beaten by California in terms of the number of teams per state.

They don't need to own a stadium to do so though, certainly not the national one of another sport.

 


Optimistic as ever

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cryrst Flag The garden of England 27 Apr 18 4.41pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Y Ddraig Goch

The old Wembley was privately owned. In all the the time (can't rememeber how long) the FA have owned it, a third of it was as a building site.

Not the big national disgrace some are making out

10 years they have owned it.
The drain on FA resources in servicing this building is huge I'm sure.
Any contract of sale would contain so many rules for a long long period of time that nothing would change.
Apparently the money from the sale would go to grass roots ( won't hold breath) but if some of it went down the line that can only be a good thing.
Also the FA income stream from Wembley would continue.
They probably would pay a rental amount loads less than it costs now to run and reap the profits still from any games.
Also the burden of having every England game there would go because they won't need it as the dosh generator. Then the England team can go around the country.
It would be no different to any business renting a building in any town or city.
With the right contract it can do nothing but good for our game.
Cup semis might also go back to how they were as well
Bring on villa park for the older readers
I can't see a negative and ironically it may in time save enough money to build another huge stadium in the Midlands or farther as fans want. Without the burden we have now.

 

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Y Ddraig Goch Flag In The Crowd 27 Apr 18 4.42pm Send a Private Message to Y Ddraig Goch Add Y Ddraig Goch as a friend

I liked it when we had the Jags Cheerleaders against Charlton.

The mascot pretended to piss on the charlton goal post and took the piss out of the fans


I am easily amused

 


the dignified don't even enter in the game

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cryrst Flag The garden of England 27 Apr 18 4.51pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Stuk

It'll happen, I've been saying it since the first regular season games were played here. Florida is only beaten by California in terms of the number of teams per state.

They don't need to own a stadium to do so though, certainly not the national one of another sport.

I heard that one game over here generates 11% of the annual income for a team as I think it creates more interest because
IT'S A LONDON FING
That is why it is sought after

 

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CambridgeEagle Flag Sydenham 27 Apr 18 5.54pm Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Stuk

It'll happen, I've been saying it since the first regular season games were played here. Florida is only beaten by California in terms of the number of teams per state.

They don't need to own a stadium to do so though, certainly not the national one of another sport.

I'm sure you're probably right.

Khan clearly thinks owning the ground is key, otherwise I'm sure he wouldn't be doing it. He would need to get approval from the NFL and I guess he thinks owning the stadium would make it that much more compelling.

 

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Stuk Flag Top half 27 Apr 18 6.16pm Send a Private Message to Stuk Add Stuk as a friend

Originally posted by CambridgeEagle

I'm sure you're probably right.

Khan clearly thinks owning the ground is key, otherwise I'm sure he wouldn't be doing it. He would need to get approval from the NFL and I guess he thinks owning the stadium would make it that much more compelling.

He is cash rich, he'd love to purchase an appreciating asset of that value with guaranteed revenue streams.

The NFL are just as keen as he is to make London happen, he wouldn't need to build a case.

And most NFL stadiums aren't privately owned, they hold the cities to ransom by threatening to move the franchise.

[Link]

Edited by Stuk (27 Apr 2018 6.31pm)

 


Optimistic as ever

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Stirlingsays Flag 27 Apr 18 7.37pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

This country should have a national football stadium that is owned by the country.

In this respect I'm quite happy to be socialist.

If not Wembley then fecking build one.

Private companies, foreign nor domestic should own it....well domestic perhaps with the remit that they can't sell it. They are all money whores.....and you keep money whores away from matters of national pride.


Edited by Stirlingsays (27 Apr 2018 7.40pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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jeeagles Flag 28 Apr 18 8.09am

I'm not really sure that £900m is enough. If the build cost alone of the stadium is about £900m, then you add the land, plus the value of the finished asset, then you should be looking at a lot more than that. I think the FA should be very suspicious of bids received from out of the blue.

 

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Stuk Flag Top half 29 Apr 18 10.45pm Send a Private Message to Stuk Add Stuk as a friend

Originally posted by jeeagles

I'm not really sure that £900m is enough. If the build cost alone of the stadium is about £900m, then you add the land, plus the value of the finished asset, then you should be looking at a lot more than that. I think the FA should be very suspicious of bids received from out of the blue.

He's only offered £600m. The FA should ask for £1.2 billion cash. Minimum.

 


Optimistic as ever

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