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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1038976 times)
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« Reply #21940 on: June 14, 2018, 14:18:10 pm »

There's the difference between us and them. 
We are fans who want everything for the club, they are businessmen who would like to make money from the current thing that occupies their day before moving onto their next 'project'.

Spot on.

Kelvin certainly has more options available to him following the Council resolution. But as others have said we wont hear anything until its all signed sealed and delivered.

I think his choices to make the money and move on are probably...

Option A - Sell the club with infrastructure as is. Once the land issues are finally sorted he could market it as a clean slate and an opportunity for someone to come in and shape the future. If he is thinking this way then we may see them cashing in on players as much as they can. He may even apply for planning permission for a conference centre or hotel or something else to make the club more saleable. He may also choose not to have a fire sale as a club near the top of league 2 or on the brink of promotion would be more saleable.

Option B - He sticks around for a while longer, does a basic completion of the East stand shell, bolts on a conference centre at the back, possibly with a hotel that could be sold off or franchised out to a hotel operator. Not sure that doing this makes financial sense if he's planning on selling up in the short to medium term.

Option C - Demolishes the East stand and build a stand/ conference / hotel / employment/ retail area on the land that is now available - you know the sort of thing that we should have got out of the original loan. that could make us a very sustainable club at League 1 level...or it could give the owners a larger financial return, albeit on a significant level of outlay.

Personally I'm not sure that he'll view any level of major expenditure as being worthwhile and it will be interesting to see what happens to CDNL as an entity and their remaining leaseholds in particular. So from a purely financial point of view Option A and riding off into the sunset with CDNL has to be his choice? Hopefully though he can see something bigger and better in the longer term as he's obviously an astute businessman.

Whatever happens he can rightly claim to have left the club in a better position than he found it - but its still a big opportunity lost on and off the field from where we could have been after promotion and scope to develop.
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