A Sunderland Vlog I watched, around the friendly, referred to it as 'better than a lot of Championship grounds'.
That's the opinion of the opposition fans.
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Ulysses S Grant Squad PlayerP.L.22/23 Entrant P.L.23/24 Entrant
Why we would pay for a new facility when it would take 50 years plus to recoup its costs v the rent even if we paid £100,000 a year rent, which I seriously doubt is the figure. Why would a sensible lower league club get itself into that kind of debt when it has excellent facilities available and pays peanuts for it.
You've see what we have available, it would cost tens of millions to replicate that, even if we could find a suitable plot of land that is convenient for transport links.
We don't need to own our own facility. IF we had that kind of money available to put into property, buying the ground would be number one priority.
Sometimes I think you live on fantasy Island. Your obsession with owing a training facility is bordering on Sunak's tax raising madness.Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand... -
Ulysses S Grant Squad PlayerP.L.22/23 Entrant P.L.23/24 Entrant
It's absolute nonsense when you think about it.
How much would the right piece of land cost ? Upwards of a million ? How much would the development cost be ?
Sedberg Leisure Complex that effectively replaced Richard Dunn's, cost £17.5 million and I doubt we would want anything too dissimilar to that to match what we currently have.
Even without interest, the cost of repayment of capital on that sum would be £350,000 a year over 50 years. Banks don't generally give commercial mortgage out over 50 years and charge around 7% interest on them. That's £122,500 a year in interest alone. Total cost approaching £500,000 per annum.
Or does he really believe Rupp should find £17.5 million and build us a training facility just so we have "assets" he can later cash in on (at a profit) ?
Every pound we spend on physical, realisable assets increases our potential sale price by the same amount. If, as he often spouts, he wants rid of Rupp because he is a "dancer" then buying/ building/ spending on assets such as a training ground is the worst thing we can do.
In a previous life, I believe @wetherbywhaler was the head honcho in charge of property and facilities for Morrisons, if he (as a man with experience in that field) is happy with the way we do things, and happy to vouch for the quality of the facility and the fact we are paying a reasonable amount for it, then I'll take that all day over someone who operates a car wash (or series of car washes) from otherwise derelict pieces of land.Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand... -
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Nope... As I thought...
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