My understanding is that it allows him to go ahead with nothing yet! Until the land is prepared and made ready, then sold off in packets to the retailers, hoteliers or whoever, who then apply for planning permission for each individual building, then there's no idea how much money is coming in. And then we dont know what split we get of that money anyway. We're still years away from even seeing a watered down upgrade of Sixfields.
Its going to be far easier for the Saints, selling off to one party (Asda) and then building with the proceeds, which are still two years away even for them.
In reply to NECobblers post......you seem to be working on the assumption that any increase in revenue would suddenly make the club profitable. Fact is there are numerous clubs up and down the country with such facilities who still don't turn a profit. In fact do any clubs make money....apart from a big one or two? To actually recoup the £7m will take years, decades maybe, if at all.
Cheltenham posted a profit last season. It can be done!