alanpayne Posted November 5, 2009 Share Posted November 5, 2009 Guys please tell me if I'm wrong but as SL bought the land then surely any profit from the housing will go to Steve rather than the club. Happy to be told I'm wrong! Link to comment Share on other sites More sharing options...
alanpayne Posted November 6, 2009 Author Share Posted November 6, 2009 Can anyone throw any light on this? Link to comment Share on other sites More sharing options...
Guest Posted November 6, 2009 Share Posted November 6, 2009 I don't understand what you mean? The land was purchased by Steve but any development and subsequent profits from development go into the overall cost of building the ground and facilities. Link to comment Share on other sites More sharing options...
CotswoldRed Posted November 6, 2009 Share Posted November 6, 2009 I think he is questioning whether the money was guaranteed to go into club coffers. Whichever way you look at it though its the same difference Link to comment Share on other sites More sharing options...
alanpayne Posted November 6, 2009 Author Share Posted November 6, 2009 The point I'm making is Steve apparantly bought the land which was on green belt and could not be used for housing. Presumeably the value of the land will increase in value if the council agree to the Southlands housing development. As I'm not aware that Steve is donating the land to BCFC, I assume the profit from the housing scheme goes to Steve. I assume that the profit will help fund the scheme although I assume he will loan this back to BCFC. Happy to be proved wrong - just interested. Link to comment Share on other sites More sharing options...
CotswoldRed Posted November 6, 2009 Share Posted November 6, 2009 The point I'm making is Steve apparantly bought the land which was on green belt and could not be used for housing. Presumeably the value of the land will increase in value if the council agree to the Southlands housing development. As I'm not aware that Steve is donating the land to BCFC, I assume the profit from the housing scheme goes to Steve. I assume that the profit will help fund the scheme although I assume he will loan this back to BCFC. Happy to be proved wrong - just interested. Whatever money it generates I believe this will go to supporting the development of the club. This will be tied up as loans to the club, owed to Steve. Link to comment Share on other sites More sharing options...
City Ben Posted November 6, 2009 Share Posted November 6, 2009 I do think that SL might stand to make a pretty penny on the land investment he's made. But not at the football club's expense. I don't begrudge him this one bit. Link to comment Share on other sites More sharing options...
Guest Posted November 6, 2009 Share Posted November 6, 2009 I do think that SL might stand to make a pretty penny on the land investment he's made. But not at the football club's expense. I don't begrudge him this one bit. Apart from there being an overall shortfall of some £30-50m which SL will no doubt dig deep and cover to give us the new stadium. I can't believe people are even speculating he would make a 'tidy' sum out of any of this!! Link to comment Share on other sites More sharing options...
alanpayne Posted November 6, 2009 Author Share Posted November 6, 2009 If he is about to make a killing out of this I think its fair to debate this because its all been done on the back of the name of OUR club. As I said before, I would be happy to be proved wrong. Link to comment Share on other sites More sharing options...
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