Scotchegg
Well-known member
- Joined
- 14 Dec 2017
- Messages
- 13,832
When will the dreamers finally wake up?
NOBODY is going to buy the Grenoble road stadium from FK. There is no possible financial gain from owning a piece of decaying concrete. Its value is in its potential as housing or as redevelopment as more retail/entertainment/leisure facility.
If, Thohir is coming in to invest, then it will be as a major land asset with major development. Why would FK even contemplate selling any part of Grenoble Road for less than he could realise himself by waiting? What gain would there be in developing the existing stadium? You would have to knock it all down and start again, and even then ask why?
I would think that the next few months will prove whether a new stadium or rebuild of the kassam will ever happen.
That's the point I made. The reason Kassam is possibly getting jittery is that we may finally have someone on board who could have the money and knowhow to build a stadium elsewhere but with a lease agreement that will allow us to stay at the Kassam whilst it's built. In the meantime, more land could be freed up for housing meaning that Kassam might miss the boat on any lucrative housing deals. It's possible that we could redevelop the Kassam with the opportunity to increase revenue across the site, but this would only happen if Kassam saw this to cash out - something he's been reluctant to do to date, but you never know!