wanderlust wrote:Q: Does the reported £165 million debt include investment in land etc and preparation for this project - or not?
If it does our financial prospects are far better than they look currently and BWFC will reap the profit from this investment when it eventually comes to fruition - although the financial position will get worse before it gets better.
I understood that we purchased the land when the stadium was built and its always been land owned by BL. Hence why there has been no development on it since. I haven't seen the financial accounts, but I'd be willing to guess that the land is part of our assets, but it was never worth anything because there was no planning permission at that time. Now we have secured planning permission the land will be worth approx what the development will cost to build on it as a base value point. In other words, if we don't build on it its not worth anything. I still think they should build a big casino on it, but that would prob meet with the same response as the sponsorship fiasco. It would be great to go to the game and then walk across to the casino!