199 year lease

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With regards to the ownership issue. It typically has a couple of sides to it. Obviously by leasing the ground we get it built much cheaper than would otherwise be the case. That's a plus. The 199 year lease is also fine as it's highly unlikely that we'll be playing at the same ground in 199 years time, that's if football is even played then. So again, not an issue there.

The two concerns I have are largely financial ones. Firstly how will the revenue be split on the site? If the club get to keep all revenue from the ground both on match days and non-match days then fine. If there are limits placed on our earning potential, ie match days only, then that's not so good as in effect we're sacrificing future revenue for a quick fix now. It would seem a strange choice to make but clarification would be good.

The second point is one that Wyness himself touched on in the article. If we move to Kirkby we can sell Goodison and raise a large sum of money. Presumably such an option won't be available should we decide to move from Goodison II. Hopefully that won't be an option we'll have to take for a long time but it nevertheless strikes a negative mark against the move.
 

Good points there Bruce. If the new stadium happened to be used for internationals, Cup games, pop shows, conferences etc who would get the receipts. When we were discussing the need for a new ground we mentioned in particular these other revenue streams. If thses monies do not accrue to the club then the income is limited to gate receipts and merchandising or for heavens sake selling players.

Seems to me that not it has not been made at all clear on where exactly the club stands.
 

i seriously dont like this lease idea, who are we leasing from? do they own ajoining lands so can rip the back out of us if we want to up the capacity from 50k to 70k (for instance) who will own the hotels, bars, restaurants in the area?

who will own the new mega store? who will own the spot where dixie will be placed.

this is all getting me a bit pissed off actually. brazil played at goodison in 66 didnt they?
 
Come on, it has to happen. It will be a sad day but its not like we are the first ones, think of Arsenal?

If you want to blame anyone, blame the clowns who built the stadium in the first place.
 
i seriously dont like this lease idea, who are we leasing from?
Look at the reader response on TW from someone who sounds like they know what they are talking about, as well as a few comments from others, which explains the legal and practical concept of "leasehold" as opposed to "lease" pretty well. Actually forced Michael Kenrick into a change and a (sort-of) apology. :o

In fact, mods, the thread title here could possibly do with a change...
 
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Look at the reader response on TW from someone who sounds like they know what they are talking about, as well as a few comments from others, which explains the legal and practical concept of "leasehold" as opposed to "lease" pretty well. Actually forced Michael Kenrick into a change and a (sort-of) apology. :o

In fact, mods, the thread title here could possibly do with a change...

so what is the difference?
 
As far as I understand it from the four or five commenters over at TW, a tenant with a lease doesn't own anything. A property on leasehold ground, which is what the new stadium would be, is owned but the land is leased for a certain period and there are certain legal rights about extending the lease. Leasehold (apparently) is the usual way of commercially developing anything. Freehold land, in other words owning the land, would normally be available for an extra 2% but as someone commented, this would just be a waste of money as there is no difference between leasehold and freehold in financial terms.

Read more over there...
 

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