Ask Jeremy Wray ....

[Bogus Dave]

I don't see how the current board can profit by moving the Stadium, after all we don't even own the one that we are in now.

Or maybe I am missing something.

I'd be against a move out of Swindon of course though, even despite my location.

Surely the idea would be to build a new stadium which they then own, but with added facilites allowing the club to make profit on non-matchdays e.g. hotels, conference rooms etc.

[axs]

I assumed if they redeveloped the land they would take a cut of the profits?

[flammableBen]

I'm not sure if my best shout at theifing some pints are at this or the merlin. It's a dilemma.

[axs]

go for both.

[BANGKOK RED]

I assumed if they redeveloped the land they would take a cut of the profits?

But it's their company anyway, and so of course they will take their cut of the profits, in fact business owners take 100% of the net profits and then decide what, if anything, to re-invest into the company (Players ect.) Which pretty much means that every PRIVATE club/business is dependant on the intentions of the owners.

The thing is that AF & Co. DO NOT own the county ground nor the land that it stands on. So what I don't understand and forgive me if I am being a bit slow but how then they profit from real estate that they do not own??

I see Daves point about moving and then them OWNING the stadium, but building a stadium wont be cheap and so surely it there is no chance of a get rich (Or richer) quick scheme. How much will it cost to biuld a new stadium? I don't know 5, 10 20 Mill??? My point is that it will take some success from the football side of things (Crowds, merchandise ect..) for them to even recoup that capital.

It's far from the Brighton scenario when their new "saviour" walked in and promptly set about selling Brightons stadium to line his pockets.

Something else that we should bear in mind also is that OF COURSE they are in it for the money to some degree, 99.99% of all business owners are in business with a view to making a profit. And the only way that AF and co are gona make any money is to turn STFC into a profitable business.

[axs]

I assumed if they redeveloped the land they would take a cut of the profits?

But it's their company anyway, and so of course they will take their cut of the profits, in fact business owners take 100% of the net profits and then decide what, if anything, to re-invest into the company (Players ect.) Which pretty much means that every PRIVATE club/business is dependant on the intentions of the owners.
The thing is that AF & Co. DO NOT own the county ground nor the land that it stands on. So what I don't understand and forgive me if I am being a bit slow but how then they profit from real estate that they do not own??

I see Daves point about moving and then them OWNING the stadium, but building a stadium wont be cheap and so surely it there is no chance of a get rich (Or richer) quick scheme. How much will it cost to biuld a new stadium? I don't know 5, 10 20 Mill??? My point is that it will take some success from the football side of things (Crowds, merchandise ect..) for them to even recoup that capital.

It's far from the Brighton scenario when their new "saviour" walked in and promptly set about selling Brightons stadium to line his pockets.

Something else that we should bear in mind also is that OF COURSE they are in it for the money to some degree, 99.99% of all business owners are in business with a view to making a profit. And the only way that AF and co are gona make any money is to turn STFC into a profitable business.

yeah, i know. i meant by redeveloping the council-owned land they will take some of the profits for it. i'm sure there's many on here that can explain it well.

[Bogus Dave]

The thing is that AF & Co. DO NOT own the county ground nor the land that it stands on. So what I don't understand and forgive me if I am being a bit slow but how then they profit from real estate that they do not own??

I think thats really been the number one reason why we've been looking at getting a new ground for ages

[BANGKOK RED]

It's the making money from the re-development of something that they don't own which baffles me. I'd have thought that once a lease is up, you extend or your out, although I do appreciate that we are not talking about a rented house here and so there are probably many things that I just don't get.

Maybe somebody like PaulD would be able to enlighten me.

[Dazzza]

Look at Hull's Kingston Communications stadium as the perfect example Bangkok.

Council and club owned developent on Council land.  The stadium is built with the community in mind and the shareholders or club (which ever way you want to look at it) jointly own/run the stadium from a 3rd party management company.

Swansea and Stoke are similar examples.

That's a similar model to what the Trust were gunning for in their proposals a while back.

[donkey]

I don't wish to ask Mr Wray this, but perhaps someone on here knows the way to the venue.  Not being a Swindonian I don't know where it is.

If it makes a difference I will be driving down through Burford on the A429 (I think), so could give someone a lift if they're on the way (and know where they are going).  Thanks all.

[ronnie21]

I don't wish to ask Mr Wray this, but perhaps someone on here knows the way to the venue.  Not being a Swindonian I don't know where it is.

If it makes a difference I will be driving down through Burford on the A429 (I think), so could give someone a lift if they're on the way (and know where they are going).  Thanks all.

Entering Swindon from the Burford direction turn right at the second roundabout, it will be signed for the crematorium.  Follow this road past the crem, you go over the A419 on the road bridge and reach a set of traffic lights at the Kingsdown pub.  Go straight over and follow this road for about 1.5 miles, you will come to a double mini roundabout and the Moonies will be straight in front of you!!

[pauld]

It's the making money from the re-development of something that they don't own which baffles me. I'd have thought that once a lease is up, you extend or your out, although I do appreciate that we are not talking about a rented house here and so there are probably many things that I just don't get.

Maybe somebody like PaulD would be able to enlighten me.

Well this was always one of the big problems with the old board's proposals - they always started from the basis that the council would just give them the CG site to use for housing etc which the council legally can't do. You're right in that the immediate profits in development generally come from taking undeveloped land, building something of value on it then selling on said thing of value for more than it cost you to buy the land and build the thing of value. In the case of the CG redev, we worked on the basis that there probably wasn't huge immediate profits to be made from the actual redevelopment, although we did try to look at ways of making the rebuild and build of associated facilities self-financing, but that the point was to build in facilities which could then be used to generate long-term revenue streams to build the business.

But I should say here everyone seems to be working on the assumption that the new guys are just about to launch a redev/relocation. And AFAIK there's no such plan (which doesn't mean they won't be looking at it in the medium-long term) but they want to get the business stable first. And that's stable as in "viable and properly run" as opposed to "full of horseshit" as may have been the meaning used in the past

[SwindonTartanArmy]

that's stable as in "viable and properly run" as opposed to "full of horseshit" as may have been the meaning used in the past

 

[Tails]

The best idea is to just bulldoze Walcot and build a stadium + extra facilities there. Not too far from the current site, easy to get to, extra revenue plus the massive advantage of Walcot being bulldozed. Everybody wins!

Unfortunately I don't think Fitton, Wray and co are legally allowed to put together plans that extinguish an entire suburb... Paul?

[red macca]

The best idea is to just bulldoze Walcot and build a stadium + extra facilities there. Not too far from the current site, easy to get to, extra revenue plus the massive advantage of Walcot being bulldozed. Everybody wins!

Unfortunately I don't think Fitton, Wray and co are legally allowed to put together plans that extinguish an entire suburb... Paul?

Listen you seem a nice lad but im gonna hurt you soon