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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1046790 times)
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« Reply #21940 on: June 14, 2018, 09:20:23 am »

4 million is a red herring!!

In the original interview with the BBC after taking over the club, Thomas stated that there was 4 million "to finish the stand and provide working capital"

Bearing in mind the takeover was 2 and a half years ago now, how much of that 4m has been used to keep the club ticking over? There was the HMRC bill at the beginning to start with. What about the 1.1m "loaned" to the club in January? What about the work already done to get the stand in the position it is now (there were no seats in it when he took over were there?)

So he spends a million finishing off the stand and then say's he's done.......he'll have probably have carried out his original promise and nobody could complain!

I don't think KT ever said he'd spend 4m on the ground alone.

Everything depends on the deal agreed with the Council on the takeover. Thomas and Bower were not the only interested parties so it stands to reason that they should and will honour that agreement.

"If you would have told a lot of people the deal we ended up with there would have been 50 people in the room. We were just there with a clear and concise proposal that said we will take the club on, we will invest the money to take it forward.

Has the Chinese debacle and the share buy-back eaten into funds available for infrastructure improvement? It also depends on whether they have capital in the millions to invest in the stand or whether monies are dependent on enabling funds via development of wider land.

For someone as careful with his words as Kelvin, again it stands to reason that the following will pan out or not in the case of wider enabling development.

"David Bower has probably come to the end of his property development cycle and even then probably not on the large scale that was going to be required if we were going to entertain the large scale commercial development on the other side of the East Stand".

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