So, instead of selling the land, then leasing the land, we could have built it for 9m.
We have already spent 5m in rent alone, thats soley based on the widely reported 1m a Year lease.
But then you notice that OOC have jumped 10m a Year, so you have to wonder how rich Mr Flymo has become in that time.
So where does the £9m come from? What happens when delays occur, contractor or materials prices increase. All these are factors that are in taken into the initial budgetting decisions, its feasbale that the £9m could become £12/15/18m over the course of the build.
Yes we have spent £5m in rent, but its accounted for (i.e. its a lease so you know your actually expenditure) which makes budgetting setting and cuts easier to deal with. The landlord of the premise is also responsiblility for the grounds which is another cost not associated to the club.
And the club could have had those facilities developed for much less than the cost over time of leasing a facility with no intention of buying it.
But hey, this is the club who knocked down a wall outside Goodison ready to build a whopping great commercial extension to the Park End when they never had the rights to the land in the first place.
But we don't have any 'working knowledge', so i guess we don't understand the finer details of knocking a wall down to build something you had no hope of building. Dead complicated making sure you have land rights and that.
Nothing at all to do with Finch Farm
All these people who think finance in a business world make me laugh. Oh 1+1=2 its that simple is it. I'm not saying the decisions the club has made over the years have been the best, but alot of them are commercially acceptable when working with a debt and increasing costs.
