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From what I read I couldn’t work out whether after the 12 years ownership reverts back to the club or after 12 they have to renegotiate if they want to continue to play at St Andrews. It is a very short term solution which to me indicates they must have some serious problems even if it is only another FFP breach. The club is now in a very precarious position.
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Another club sells its stadium....Birmingham City on 12:26 - Apr 1 with 11111 views
Always a sign of last resort and desperation when a club has to sell it's ground. Opens a can of worms if ever the club falls out with the owner. They could really struggle if they are relegated and when Coventry stop ground sharing.
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Another club sells its stadium....Birmingham City on 15:30 - Apr 1 with 10864 views
BBC reports says the the club had already sold it’s ground to the owners for FFP regulations, this is the owners Company they sold it to, selling it on. This means two things the owners must have cash flow problems, they think they will get £2m working capital from the sale and that the rent is going to external landlords, who can increase the rent in future.
The club has now completely lost its ground and will be tenants.
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Another club sells its stadium....Birmingham City on 16:01 - Apr 1 with 10832 views
Another club sells its stadium....Birmingham City on 15:30 - Apr 1 by philc
BBC reports says the the club had already sold it’s ground to the owners for FFP regulations, this is the owners Company they sold it to, selling it on. This means two things the owners must have cash flow problems, they think they will get £2m working capital from the sale and that the rent is going to external landlords, who can increase the rent in future.
The club has now completely lost its ground and will be tenants.
Seems appropriate...
Fulham FC: It's the taking part that counts
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Another club sells its stadium....Birmingham City on 16:19 - Apr 1 with 10780 views
That wound is still raw after all these years. The story told in that blog sounds all too familiar. Obviously the owners at the time did no background research whatsoever before appointing him and agreeing to fund his transfer requests.
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Another club sells its stadium....Birmingham City on 21:07 - Apr 2 with 10011 views
Don't want to be pedantic but they haven't sold the ground, they have sold the company that owns the ground:
"The first thing to understand is that technically, BSH haven’t sold St Andrew’s but the company which owns it. However, as all Birmingham City Stadium Ltd do is own the stadium, it’s not hard to conflate the two."
It's probably part of their plans to redevelop that whole part of Birmingham. They are planning to move to a new stadium on a different site nearby.
I'm no finance expert but they might have done this to raise capital to move the development project forward.
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Another club sells its stadium....Birmingham City on 13:58 - May 11 with 2965 views
seems crazy to sell the ground and be tanants, you are then at the mercy of landlords and can demand what they want as what are your choices? ground share? with who? you could do a coventry and play all over to stay in league, gates could drop, you won't attract star players . very risky but as it is not QPR i hope brum do this as and suffer the consequences.
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Another club sells its stadium....Birmingham City on 15:58 - May 11 with 2710 views
Another club sells its stadium....Birmingham City on 13:58 - May 11 by themodfather
seems crazy to sell the ground and be tanants, you are then at the mercy of landlords and can demand what they want as what are your choices? ground share? with who? you could do a coventry and play all over to stay in league, gates could drop, you won't attract star players . very risky but as it is not QPR i hope brum do this as and suffer the consequences.
Highly likely the company that holds the stadium is owned by the same people, so they aren't really tenants.
Another club sells its stadium....Birmingham City on 16:38 - May 11 by terryb
They would be if the company sold the stadium at some point.
Sure. They could do that any time, but why would they before all the plans are in place for the new stadium, when the old one will be worth much more for redevelopment?
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