Stadium rip off

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Stadium rip off

Postby TerracingTomas » Fri Oct 29, 2021 1:41 pm

Here’s a thought for you. Just over 20 years ago the leader of South Lanarkshire Council the late Tom McCabe entered into a deal with Accies to rent the entire North Stand on a 20 year lease. He did so quite publicly to ensure the club could return to Hamilton and play in ITS brand new stadium. Without that deal the club was in no position to finance construction/pay the mortgage whatever. I’ve previously estimated that over that 20 year time frame SLC may well have contributed in excess of £6 million in rent. The stadiums value including the land before depreciation sits at over £5 million. And that valuation is over a year old. So Mcgoofey, Ronnie and Les sell of a football club for presumably a little bit of money. Ok I know the only real tangible asset a club has without a stadium is it’s licence to play in the league and that it comes with a minimum of £1.2 million coved debt but who knows some idiot may come forth. Meanwhile Mcgoofey and co are left with a Piece of real estate worth over £5 million. That real estate belongs to the people of South Lanarkshire They have paid the mortgage for 20 years. Has the leader of SLC got anything to say about this proposal. Come on ASA write to him now.
Any future sponsors should contact liningourownpockets@mcgoofeystadium.com
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Re: Stadium rip off

Postby Stevie Clarke » Fri Oct 29, 2021 4:13 pm

Covid not Coved. I'm sorry but it's really annoying me now!
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Re: Stadium rip off

Postby porcupine » Fri Oct 29, 2021 4:31 pm

Stevie Clarke wrote:Covid not Coved. I'm sorry but it's really annoying me now!


Not the only one, SC, but TT's heart is in the right place, so we've accepted these minor typo's to date. He has bigger things on his agenda just now!
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Re: Stadium rip off

Postby porcupine » Fri Oct 29, 2021 4:37 pm

TerracingTomas wrote:That real estate belongs to the people of South Lanarkshire They have paid the mortgage for 20 years.


Unlikely, in a legal sense, TT. All tenants pay for goods,services etc.etc. to Landlord. Landlord is then free to do what he wants from the resultant income, whether it be good, bad or indifferent actions.

I can see the emotive agrument you put up, but no case to answer, IMO.
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Re: Stadium rip off

Postby TerracingTomas » Fri Oct 29, 2021 4:58 pm

It’s a moral/ethical argument Porcupine not a legal one. But then what did “businessmen” know about morals and ethics.
Any future sponsors should contact liningourownpockets@mcgoofeystadium.com
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Re: Stadium rip off

Postby porcupine » Fri Oct 29, 2021 5:19 pm

Exactly!
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