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Mags selling their stadium to themselves


Mackemansj1 said:
When you read that bit it’s actually the way smart clubs try to do business. Buy well sell well, unless your Real Madrid etc your gonna have to sell at some point the fact they can’t get their heads around that is baffling. The funny thing is though they spunked most of that great transfer fee from the puuaaaaa raaaat on shite like Wissa I won’t count elanga and wolta just yet as they’re younger players but £50mnon Wissa is dead money buying a 29 year old. If they were well run they’d have made way better strides on the 750m they’ve spent yet here they are 12 th in the league out of everything and having to sell their stadium to make the books look better. If they hadn’t they’d have fell foul to breaching the rules 🤣🤣🤣

They have well they’ve sold the lease hold of I’ve read rightly. So now don’t own the land it’s built on as that’s freemans and now the leasehold of the stadium has been sold so they don’t own that either technically. But they’ve sold it to another pif business so just shifted it around in reality. But if shit went south then Saudi could be right buggers.
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Thank you
 
Safc98 said:
That would happen under most systems. Unrestricted capitalism, PSR. Unless there was an American draft style system or a rule everyone could only spend the same.

I’d bring in a salary cap. You can only spend certain percentage on salaries with 3/4 players falling outside the cap. Gives you the balance of paying top whack for the best players in transfer fees and wages but not totally blowing everyone out the water.
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I think a transfer cap of say £150m a season would be a nice middle ground.

Allows clubs to be competitive on the european stage whilst also preventing clubs spending silly money like Chelsea and Liverpool in recent seasons.

If your owners cant/not willing to spend up to £150m every season then its one of those things.
 
Ok... absolute conspiracy and I have no knowledge of the legalities of this.

Could this be PIF exit strategy? Sell stadium to a firm that they own, get the physical asset then sell the club.

New owners then need a new ground or pay a lease to a PIF owned firm or need to fork out for a new one? If they opt for a new one, PIF own a prime plot of land to sell on


Pretty sure thats what happened at Darlington
 
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janey said:
I’ve seen some of them argue they haven’t sold the stadium, can someone explain to me in words of one syllable please.
Corporate finance isn’t my strong point 😄
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Theyve sold the lease not the stadium. They never owned the stadium.
humbug said:
i was always under the impression they never owned it anyway?
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They didnt but had it on lease. Theyve sold the lease to themselves
 
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Perhaps it is all part of the masterplan to relocate away from Sid James. Maybe to London if a move to Saudi itself isn't permitted for the NUFC franchise.

Wimbledon didn’t own their stadium (Plough Lane), and the lack of a viable home ground was the deciding factor used to justify the move to Milton Keynes.
When a club doesn’t own and control its own stadium, relocation becomes much easier for owners to push through. Also, customers then have no home or anchor point to fight from. Reuben Brothers or similar could buy the Lease and turn the site into 5 Star Hotels, Luxury Apartments, Prime location business space, retail and leisure/restaurants etc.
 
forever changes said:
Downie on Sky desperately putting a positive spin on the financial results saying the need a bit more as they want to be competing with likes of Man Utd City and Arsenal. He’s putting them above Liverpool and Chelsea !! What an utter cockwomble he is and Sky lap it up
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Not one single other Premier League club has moved/sold their stadium outside of the same group as the Football Club, it is universally seen as a bad move. Newcastle have joined the same club as Coventry City, Bolton Wanderers, Wimbledon, Derby County and Birmingham City.
 
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