Quote Originally Posted by frogmiller View Post
I have been thinking of that same subject Grumpy. My concern is what will happen to the stadium when he has left the club. Who will the stadium belong to and what benefit to RUFC will it have. But when you think in a rational way, a business way you wouldn't tell anyone your plans for that part of the business. The reason you don't is that at any point TS and his family no longer want to be in control of the club that is a bargaining piece.
Correct frogster. Whilst ever TS owns both RU ESTATES and RUFC then all is well. They can be viewed as one entity. But it will quickly become apparent that they are separate if ever TS chooses to sell RUFC but not RU ESTATES. If that happens its Booth/Millmoor all over again.

RUFC, to a non fan, is worth very little (playing assets and football league golden share). -RU ESTATES LTD is (or rather will be) worth a fortune. The latest accounting disclosure shows assets valued at £42m. Admittedly liabilities are shown as £36m. But thats still £6m in the black, and its only going to go one way. Owning land is very lucrative, because they aren't making any more of it!