Quote:
Originally Posted by Christies Child
Funding of a new ground will always be an issue.
However we (MFC) intend to sell our present stadium (say £1 million) lease part of the proposed site to say fast food outlets (say £750K per annum) qualify for numerous grants by creating a development for use by the community (football in the community etc etc etc say a minimum of £1million from various grants now available) provide business areas / offices (total £500K rent per annum) incorporate a hotel into the development (say £250K per annum) sponsorship of the site (say £250K over 3 years) etc etc etc.
It's suprising how quickly the money stacks up to then being able to service a development loan and all this without the need for heavy investment by individuals.
The above figures are only assumptions based on knowledge of how other clubs have been able to develop new stadia and are therefore only examples.
A similar financial plan could quite easily deliver a new development at your place.....given the will and the ambition.
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Thanks for all your advice. I'm sure that Eric will be on to it first thing in the morning!
