Writer: Chris Baldwin
Date:Thursday June 7 2007
Stoke City chairman, Peter Coates has agreed a £6m deal to buy the City Council out of the Britannia Stadium.
For the last ten years the Potters have jointly owned the ground with Stoke-on-Trent City Council and the developers, St Modwen after they assisted the club with the original development. The club owned 49% whilst the council owned 36% and St. Modwen had the remaining 15%. This joint ownership has often been quoted as standing in the way of the football club's growth and the previous Icelandic owners made an unsuccessful bid a few years ago to buy the other partners out.
Peter Coates made it a stated aim to reopen negotiations when he bought the club last summer and it now seems that this has borne fruit with today's announcement. This must be seen as good news for the club as it gives them full independence and provides some financial comfort now that they own a sizable physical asset. In the past the club have complained that the club only saw half the profits from sales of catering and hospitality on match days due to the shared ownership of the stadium.
The club are also still in negotiations with the Michelin Tyre company to purchase the training ground in Trent Vale which they have rented for the past ten years. If they can complete the purchase they are hoping to develop proper training facilities for both the first team and the Academy.
All this should be seen as good news for the club and they were at pains to point out that this money will not come at the expense of next season's player budget.
Date:Thursday June 7 2007
Stoke's March goal of the month (Friday March 27 2015)
Adam wins Crystal Palace man of the match poll (Friday March 27 2015)
Stoke manager Hughes signs contract extension (Friday March 27 2015)
The Stoke City Injury Table Situation (Friday March 27 2015)
Crystal Palace controversially beat Stoke (Monday March 23 2015)
N'Zonzi wins West Brom man of the match poll (Sunday March 22 2015)
Butland promoted to senior England squad (Sunday March 22 2015)
Stats: Stoke City v Crystal Palace (Sunday March 22 2015)
Butland extends contract (Saturday March 21 2015)
The Stoke City Walking Wounded - Injury List (Friday March 20 2015)
|9. West Ham||30||11||9||10||3||42|
|11. Crystal Palace||30||9||9||12||-5||36|
|Van Gaal Chasing a £1million Bonus!
» Man Utd : 29/03/2015 10:14:00
|Is Juventus the Destination?
» Man Utd : 29/03/2015 10:09:01
|Varane Talk Ramped Up by the Media
» Chelsea : 29/03/2015 10:03:00
|Barkley Linked to Chelsea Move
» Chelsea : 29/03/2015 09:56:01
|Austrian International Instead of Song?
» West Ham : 29/03/2015 09:44:01