Potential New Ground

Essexyellows

Well-known member
Joined
7 Dec 2017
Messages
8,177
Or perhaps he is moving towards selling the whole site? Now let's see who do we know that's looking for a site with a mix of leisure & sports use?

And he has a price............ despite all the bluster that he hasn`t. He has. He doesn`t care who he sells it to.
 

Manorlounger

Well-known member
Joined
6 Dec 2017
Messages
4,502
Just talking to someone who worked at a business in the complex near the ground that's now shut. She reckoned Kassam is trying to run down the businesses in order to sell the whole area for housing. Rings true to me, none of them are very exciting and it's a reasonable place for housing.
How many times does this have to be explained to folk? Kassam does NOT run any business on the site other than the stadium through his subsidiary Stadco. All the other property is licenced to the business that occupy the site. He cannot 'run down' any of the business' he has no input on their day to day function.
The hotels, the restaurants, take away, cinema etc are self run concerns. In the same manner as OUFC they have agreed a period of licence to occupy the properties.
 

werthersoriginal

Well-known member
Joined
9 Dec 2017
Messages
4,332
How many times does this have to be explained to folk? Kassam does NOT run any business on the site other than the stadium through his subsidiary Stadco. All the other property is licenced to the business that occupy the site. He cannot 'run down' any of the business' he has no input on their day to day function.
The hotels, the restaurants, take away, cinema etc are self run concerns. In the same manner as OUFC they have agreed a period of licence to occupy the properties.
He doesn’t run them personally but my friend felt he was charging unsustainable rents and was quite happy for premises to become empty. Others here know more of course.
 

Manorlounger

Well-known member
Joined
6 Dec 2017
Messages
4,502
He doesn’t run them personally but my friend felt he was charging unsustainable rents and was quite happy for premises to become empty. Others here know more of course.
he signed them all to licences in exactly the same way as OUFC. All those business knew the price to pay from the outset. He even had the cheek to insist on being name checked by some. A visit to the Holiday Inn Express allows one to observe the plaque which announces that it is the Kassam Holiday Inn Express.
The man is without scruples. But, all those business knew that before they signed.
 

uptheus

Well-known member
Joined
8 Dec 2017
Messages
3,147
he signed them all to licences in exactly the same way as OUFC. All those business knew the price to pay from the outset. He even had the cheek to insist on being name checked by some. A visit to the Holiday Inn Express allows one to observe the plaque which announces that it is the Kassam Holiday Inn Express.
The man is without scruples. But, all those business knew that before they signed.
This still doesn’t mean he doesn’t put the rent up once you’re in/established meaning it’s more difficult to not sign again e.g. us (football club) and The Priory?
 

Manorlounger

Well-known member
Joined
6 Dec 2017
Messages
4,502
This still doesn’t mean he doesn’t put the rent up once you’re in/established meaning it’s more difficult to not sign again e.g. us (football club) and The Priory?
Exactly. Not only does the "rent" rise in accordance with contract and inflation but the 'service charge' will increase as well. How much those rises are is dependant on the deal signed up to by the various business. With OUFC it was a stupid figure and one that no sane businessman would have agreed to.
I don't believe that the Priory had such a deal as the property was not held by Kassam in the same manner as the rest of the site.
 

Yellowdownunder

Junior Member
Joined
13 Nov 2019
Messages
40
The ground can't be redeveloped for housing because it is a community asset. As such it must be offered to the supporters to buy it first as a football stadium. It would also need to get Planning Permission first, which is unlikely to be granted.
 

Manorlounger

Well-known member
Joined
6 Dec 2017
Messages
4,502
The ground can't be redeveloped for housing because it is a community asset. As such it must be offered to the supporters to buy it first as a football stadium. It would also need to get Planning Permission first, which is unlikely to be granted.
The covenant on the stadium makes clear that before a change of use can be considered, it has to established that OUFC have an alternative facility in which to stage games.
Once OUFC have somewhere else to play, what happens to the stadium is open to whatever a developer thinks fit. (with planning, of course)
 

Yellowdownunder

Junior Member
Joined
13 Nov 2019
Messages
40
It's value as a football ground is't very much. It's potential value as a commercial or residential site is vastly more. There really isn't much incentive for Mr Kassam to do anything other than keep taking the rent in the short term. OUFC are not in a very strong negotiating position. If they either threatened to move to a new stadium elsewhere it would prove that it had no value as a football stadium anymore and he would be able to try to get a change of use to something more valuable.
 

OX14

Well-known member
Joined
11 Aug 2019
Messages
1,605
It's value as a football ground is't very much. It's potential value as a commercial or residential site is vastly more. There really isn't much incentive for Mr Kassam to do anything other than keep taking the rent in the short term. OUFC are not in a very strong negotiating position. If they either threatened to move to a new stadium elsewhere it would prove that it had no value as a football stadium anymore and he would be able to try to get a change of use to something more valuable.

But the ozone land has been developed to its near on full potential, the only land that could be developed further is the stadium site. Kassam can sell to us for £13 million but he won't get nowhere near that amount of anyone else even if he demolished it himself. Houses being built across the road soon has made that site less attractive to a developer. I'm not sure what the boards stance on this is but if a deal is to be done it might be worth doing considering if we do get to the championship we need a stadium with full control to maximise the income on match days and sponsorship. Even if it is a temporary buy while they build out swanky new stadium to move in when we reach the Premier league in 2028 😜
 
Thread starter Similar threads Forum Replies Date
Ox4Eva The Stadium That Cannot Be Named 0
WokinghamYellow The Stadium That Cannot Be Named 259

Similar threads


Top Bottom