UK time is: 10:15:37
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Chris Baldwin Mail feedback, articles or suggestions

Date:Thursday June 7 2007

Time: 9:23PM

Your Comments

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
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Stoke and Cardiff play out a draw (Monday April 21 2014)

Stats: Cardiff City v Stoke City (Monday April 21 2014)

Jones loses appeal (Wednesday April 16 2014)

Ireland pens 3-year Stoke contract (Tuesday April 15 2014)

Fluent Stoke ease past Newcastle (Monday April 14 2014)

Archived Articles

List All Vital Stoke Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. lloyd_17 2

League Results (view all)

Latest Results
Cardiff 1 - 1 Stoke
Stoke 1 - 0 Newcastle
Chelsea 3 - 0 Stoke
Stoke 1 - 0 Hull City
Aston Villa 1 - 4 Stoke
Stoke 3 - 1 West Ham

League Table (view table)

Team P W D L GD Pts
7. Man Utd 34 17 6 11 16 57
8. Southampton 35 13 10 12 5 49
9. Newcastle 35 14 4 17 -15 46
10. Stoke 35 11 11 13 -10 44
11. Crystal Palace 35 13 4 18 -13 43
12. West Ham 35 10 7 18 -10 37
13. Swansea 35 9 9 17 -4 36

Breaking League News

Top 4 & FA Cup Win Would Be A Good Season
Arsenal : 23/04/2014 10:03:00
Mirallas to miss Everton run-in
Everton : 23/04/2014 10:00:00
Diaby Is Back & Ready To Play
Arsenal : 23/04/2014 09:52:00
U21s Defeat Wolves
Norwich : 23/04/2014 08:36:00
Should Jose Play the Kids?
Chelsea : 23/04/2014 08:24:00
TIM OUT NOW!
Spurs : 23/04/2014 08:17:00
Cole Interesting Real
Chelsea : 23/04/2014 07:42:00

Current Site Poll (view all polls)

MOTM vs. Cardiff
Suggested By:  
Begovic 0%
Cameron 0%
Shawcross 0%
Wilson 0%
Pieters 0%
N'Zonzi 0%
Whelan 0%
Arnautovic 100%
Odemwingie 0%
Ireland 0%
Crouch 0%
Muniesa 0%
Assaidi 0%
Walters 0%