There is no pile of money

CroJack

Key Player
As they suggest, the taking over of the stadium for £300K being a great asset to the club, increasing capacity etc., nothing more than another money grabbing equity move for themselves.(The Yanks).
They suggest the Yanks have bought the Liberty stadium and pay £300.000 a year in installments. That's simply not true. The Liberty is still owned by the council and the Yanks are leasing it.

Another thing. As far as I remember, according to the lease agreement the Yanks can sell the naming rights, but nothing has been agreed on stadium expansion.

If you don't own the damn thing you are not allowed to expand it. And if the council allow expansion, then it's going to be a complicated matter. The ownership structure of the Liberty will be inevitably changed.
 
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The Blobster

Prediction Champ
No takers for the naming rights as we are no longer a premier league club.
Meanwhile we pay the council 300,000 a year plus liable for all maintenance costs rather than paying a pepper corn rent !
 

lliwt yr lavac

Key Player
A big issue with the stadium is that the steelwork structure is rusting away, the steel having not been treated before installation. I presume a court case would find it difficult deciding who to blame, the stadium building contractor, the steel supplier, or the architects.
It will be a big and expensive project to rectify the fault and would run into millions I would think.
Were the club aware of the problem before agreeing to lease the stadium, especially if they are responsible for all maintenance costs?
 

Jackflash

Midfield General
Staff member
A big issue with the stadium is that the steelwork structure is rusting away, the steel having not been treated before installation. I presume a court case would find it difficult deciding who to blame, the stadium building contractor, the steel supplier, or the architects.
It will be a big and expensive project to rectify the fault and would run into millions I would think.
Were the club aware of the problem before agreeing to lease the stadium, especially if they are responsible for all maintenance costs?
As you say l y l. pointing the finger at this late stage would be difficult, I see it as council responsibility, For the past almost 14yrs until the full running administration was handed over to the yanks it seems ridiculous that no maintenance contract has been in force to repaint the steelwork. More so due to the fact of it being alongside a salt water tidal reach river. I wouldn't think it's feasible to go back to a supplier with complaints after 14 yrs when no form of preventative maintenance has taken place. And as you say have the smart arses had a structural survey done prior to any signatures regarding the takeover.
 
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