Don’t really comment on here much these days, mainly because not much new happens and no one ever changes position. To reiterate, it’s all quite simple really. The development of the East Stand is not happening because at this point in time it’s far too great a risk financially to do so. Of course this view is subjective and there are circumstances where if certain unlikely events happened it might work. However, my view is you would have to be off your nut to entertain the idea from a financial perspective. In my opinion that is the reason the development is not happening, the current incumbents simply cannot make any reasonable justification for it. The issue is most of the support base believe they were led to believe otherwise, so the club was acquired under false pretences. No one at the club has come outright and said this, so the endless procrastination goes on. I’ll say it again, it is almost certain that the development of the ground isn’t going to happen and won’t until the financial hurdles are addressed. My guess is that probably means promotion to the Championship. How that makes you feel about KT is entirely another question? However, don’t assume the next individual on the throne will solve this conundrum, because the problem remains the same. To develop the ground someone or some entity needs to gift the money, because it isn’t an investment opportunity that offers any sort of reasonable level of risk attached. All the other facts and opinions put up on here are just internet chatter, this is the only real fear that is driving this continuing stalemate. IMO of course.
Hang on a minute.......we were all told that the club needed to develop the facilities, provide executive boxes, meeting rooms, conference suites and suchlike to turn the football club into a 24/7 business, and from the proceeds of that, the increased corporate revenue, it would be that which could be used to propel us up the leagues.
You are saying that we don't need that or there is no justification for such facilities until we reach the Championship??
I agree that development of the ground purely to increase capacity is not required at this stage, nor would it be cost effective, but this was never about stadium capacity.
For what its worth I don't believe that boxes, suites and rooms would provide that much money anyway, and would take a good few years just to pay for themselves in any case.
The fact is though we are not getting what we were told we were getting. And nothing has happened for a good few years now.
As for the £5m paper debt.....as someone pointed out, unless Bower and Thomas are willing to waive that then that is the selling price for the club.....£5m for a fourth division football club with no assets and scant facilities playing in a leased and half developed stadium.......not very attractive is it? So to dismiss the figure as inconsequential is barmy!
If there was no debt and someone could come in with a pound and snap us up then I think that would be a more reasonable price based on what they'd be getting for their money!
