Stadium Sale

[Nufcian]

What a masterstroke, and maybe this goes some way to explain why no new stadium announcement has come out yet also.

We?ve sold St James Park to a company owned by PIF for a very healthy price, and remember we don?t own the land, just the current lease buildings ON the land.

We?ve sold the lease and buildings for 177m, leased it back for 50 years leaving a profit of ?129M and effectively cut the legs out from any protests about ?but they are going to build a new stadium?? because we have paid a tidy sum to lease it back and there has been no official announcement on a new stadium.

The PL have banned any such sales (inter-company) starting from next season, so it?s good we got the jump on this, and I wouldn?t be surprised if we don?t see other clubs doing the same? and the PL can say f**k all as they allowed Chelsea to do the same and have set a precedent for themselves 😂

[Zippity]

Aye, it's about time we used the rules to our advantage.

[Jammy89]

Agreed both.

What is also really good - is there was no leaks, nobody knew anything till the accounts came out.

That says an awful lot I think.