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londonmariner2
February 11, 2017, 11:47am
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An extreme sports company investing £250 million pound. Maybe we are going to see some rad and sic football
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TheRonRaffertyFanClub
February 11, 2017, 12:37pm
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As far as I've read, Extreme are not investing as such. They are an enabling company for sports and entertainment with scores of irons in different fires. They have done the recruiting of designers and architects. They are supposed to have some developers lined up for the actual building (according to the GT the other week) of the houses and the stadium. I can't be @rsed to look it up but when the first plan came out I thought JF said it may be that they are involved in the procuring and running of ancillary stuff like events and stuff once the thing is completed.


“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.”
― John Stuart Mill, On Liberty."
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HertsGTFC
February 11, 2017, 12:40pm

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As far as I've read, Extreme are not investing as such. They are an enabling company for sports and entertainment with scores of irons in different fires. They have done the recruiting of designers and architects. They are supposed to have some developers lined up for the actual building (according to the GT the other week) of the houses and the stadium. I can't be @rsed to look it up but when the first plan came out I thought JF said it may be that they are involved in the procuring and running of ancillary stuff like events and stuff once the thing is completed.


That's the way I understand it, though I am still a bit vague on who will own the football ground part of the development, if GTFC are tenants that sounds a bit risky to me.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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dapperz fun pub
February 11, 2017, 12:54pm
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Who will own the stadium fenty ? The council? Extreme ?
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londonmariner2
February 11, 2017, 12:58pm
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Who is paying for it?
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Bigdog
February 11, 2017, 1:00pm
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Quoted from londonmariner2
Who is paying for it?


The people who buy the houses in the end. Housing developer will buy the land to build I guess..



Edit  1600 plots at say £30 to £40k a plot adds up to £48m to £64m, which are around the ball park figure of £55m stadium build costs..
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Bigdog
February 11, 2017, 1:03pm
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Quoted from HertsGTFC


That's the way I understand it, though I am still a bit vague on who will own the football ground part of the development, if GTFC are tenants that sounds a bit risky to me.


If the council own it, it would depend on how favourable the lease terms are. Usually in these cases, unlike a private landlord such as Coventry City, the rent should only be nominal.and on a long term lease, because the council could not afford for the project to fail..
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TheRonRaffertyFanClub
February 11, 2017, 1:15pm
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Quoted from Bigdog


If the council own it, it would depend on how favourable the lease terms are. Usually in these cases, rather than a private landlord such as Coventry City, the rent will only be nominal.and a long term lease, because the council could not afford for the project to fail..


There are still many unanswered questions. These questions are precisely what I was on about on the formal planning thread but folks are so keen to get the thing done and believe everything will be hunky dory that they don't want to think of these things.

I would suggest Rob merges these two threads and everyone can see everything then.


“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.”
― John Stuart Mill, On Liberty."
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psgmariner
February 11, 2017, 1:26pm

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Quoted from dapperz fun pub
Who will own the stadium fenty ? The council? Extreme ?


I asked that at the fans forum. Nobody seems to know. My understanding is that "community" stadiums are usually owned by holding companies or the local council (eg Colchester's). So the football will not own it - something I am uneasy about but without Fenty or someone else spending their own millions it seems it is the only option.


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LH
February 11, 2017, 2:05pm

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It's amazing that Extreme have £250m from selling clothes in that tiny shop in Freshney Place.

As for who's paying for it to be built I heard that Chiquitos are interested in being an anchor tenant. Fenty says that we ARE getting a stadium and a Mexican restaurant is paying for it.
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