Vital Football

Latest Stoke City News

Coates buys the Brit for £6m

Coates buys the Brit for £6m

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.



Click here to join in the debate on the club forum.

Writer:Chris Baldwin
Date:Thursday June 7 2007
Time: 9:23PM

Comments

0
This is an intereting story as it could happen that a private investor buys the new Colchester stadium from our council a few years down the line.
Matt_Us
08/06/2007 08:37:00
Page 1/1
  1. 1

Login to post a comment

Recent Stoke City Articles

Stats: Stoke v Manchester United

All the stats from Stoke (1) vs (1) Manchester United, Bet365 Stadium, 21/1/17 Att: 27,423

Stoke v Manchester United - Team Sheets

Stoke are at the bet365 Stadium with Manchester United the visitors for the latest Premier League game.

Stoke Seal £12m Berahino Deal

Berahino has finally - after all the links to the likes of Tottenham, Newcastle & Crystal Palace - completed his transfer to Stoke from West Brom for £12m.

More Reliable Than An Octopus 2016/17? (20/1/17)

A new season, a new special computer crunching the numbers to determine the final Premier League positions for 2016/17.

Archived Vital Stoke Articles

Vital Stoke articles from

Site Journalists

Tom Barker
Editor email
Profile

Current Poll (see more polls)

Manchester United MotM
Suggested By:
Grant0%
Johnson0%
Shawcross0%
Martins Indi0%
Pieters0%
Whelan0%
Adam0%
Shaqiri0%
Allen0%
Arnautovic0%
Crouch0%
Sub - Afellay0%
Sub - Ngoy0%
Sub - Imbula0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 21 17 1 3 52 30
2 Spurs 22 13 7 2 46 29
3 Liverpool 22 13 6 3 45 24
4 Arsenal 21 13 5 3 44 26
5 Man City 22 13 4 5 43 15
6 Man Utd 22 11 8 3 41 12
7 Everton 22 10 6 6 36 10
8 WBA 22 9 5 8 32 2
9 Stoke 22 7 7 8 28 -6
10 West Ham 22 8 4 10 28 -7
11 AFC Bournemouth 22 7 5 10 26 -7
12 Burnley 21 8 2 11 26 -8
13 Southampton 21 6 6 9 24 -7
14 Watford 22 6 6 10 24 -13
15 Leicester City 21 5 6 10 21 -10
16 Middlesbrough 22 4 8 10 20 -7
17 Swansea 22 5 3 14 18 -25
18 Crystal Palace 22 4 4 14 16 -11
19 Hull City 21 4 4 13 16 -25
20 Sunderland 22 4 3 15 15 -22
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Stoke City Results (view all)

Stoke City Fixtures (view all)

Feb 1 2017 8:00PM : Everton (H)
Barclays Premier League
Feb 4 2017 3:00PM : West Bromwich Albion (a)
Barclays Premier League
Feb 11 2017 3:00PM : Crystal Palace (H)
Barclays Premier League
Feb 26 2017 12:00PM : Tottenham Hotspur (a)
Barclays Premier League
Mar 4 2017 3:00PM : Middlesbrough (H)
Barclays Premier League
Mar 11 2017 3:00PM : Manchester City (a)
Barclays Premier League
Write for Vital Football