gaspargomez":1fn76ihu said:
The turning point came when the Council sold the ground to the club. At around the same time, the Council released a plan indicating that parts of Home Park could be used for retail and hotel uses to fund grandstand enhancements. That is when Kagami came on the scene shortly followed by Sir Roy Gardner and his entourage.
I fear that James Brent is also here for the development- although I also hope he has some sort of interest in the running of the club as well.
I will be relieved when the grandstand, hotel and retail units are built and all the development profits have been made. Hopefully the Council will retain ownership of the stadium and the club will continue to lease it from them. Then we can go back to people running the club for FOOTBALL reasons again.
The Council made a big mistake selling the ground to PAFC. Michael Foot was opposed to the club owning it and he was proven correct. But even he would have been surprised at how quickly the vultures started circling.
What did James Brent genuinely pay for the club?
To me, he seems to have a fabulous deal indeed and the fact that PCC had just started on the Life Centre when all of this started to happen meant the last thing they needed right next door was an empty football stadium covered in weeds and rust. Most of the land wasn't bought back by PCC - this is going to be where James Brent makes his real cash - by developing that land. PCC got a good investment by buying the ground back as long as there is a club playing on it - the rent they'll receive is a good investment for them. The club, I see as a loss leader to that development. There's also a lot of prestige to be had by being the owner of the local club and that does help when you are trying to convince those who grant planning applications to grant you permission to build hotels and ice-rinks and retail outlets in the middle of Central Park. It was a very shrewd move from a business sense and we've been told over and over again that James Brent wants to see the club be self sufficient.
That means that if our crowds keep going down, our budget will fall accordingly and more staff will be made redundant.
It's been a good deal for PCC and for James Brent but we as fans aren't going to be very happy unless James Brent puts his hand in his pocket and buys some players/a new manager - but he won't.
I'm not sure what the point of that post was to be honest other than me expressing a defeatist and depressed tone. that's how I feel right now when I think about PAFC - it's certainly not a club I am proud to support right now.
I've said this a few times but having one owner isn't great in the lower leagues - you need more than just one person with a finger on the voting button.