chiefdave
Well-Known Member
Yep the council got an arena that cost £113m to building (excluding the purchase of the land) for £20m pounds because they bailed the club.
ACL then paid £20m upfront for a 50 year lease ( that paid off the £20m the council contributed to the build.
Do essentially the council got a £113m build arena for nothing.
Wonder what the breakdown is of who put what into the stadium overall. If it cost £113m and ACL put in £20m, £40m from the Tesco deal, £4m from Higgs (am I counting that twice? does that come as part of the ACL £20m?), wasn't there around £10m in grants who put the rest in? And that's just the construction costs who paid for the land? That's looking around £40m short plus the cost of the land in the first place.