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

AFC BOURNEMOUTH V STOKE CITY FC

CONFIRMED LINEUPS

Team news: AFC Bournemouth v Stoke City: Shawcross still out

Skipper to miss trip to South Coast

Bojan new contract

Bojan commits his future to Stoke

The Stoke City Walking Wounded - Injury Update

Our weekly update looking at the injury table and also comparing with all our competitors in the Premier League.

Archived Vital Stoke Articles

Vital Stoke articles from

Site Journalists

Lloyd Reddin
Profile
Tom Barker
Profile
Matthew Forrester
Profile
Phil Williams
Profile

Current Poll (see more polls)

MOTM v Everton
Suggested By:
Butland20%
Johnson0%
Muniesa0%
Wollscheid0%
Pieters0%
Whelan0%
Imbula56%
Afellay12%
Arnautovic0%
Shaqiri0%
Diouf0%
Ireland0%
Odemwingie12%
Joselu0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Leicester City 25 15 8 2 53 20
2 Spurs 25 13 9 3 48 26
3 Arsenal 25 14 6 5 48 17
4 Man City 25 14 5 6 47 21
5 Man Utd 25 11 8 6 41 10
6 West Ham 25 10 9 6 39 9
7 Southampton 25 10 7 8 37 9
8 Everton 25 8 11 6 35 12
9 Liverpool 25 9 8 8 35 -4
10 Watford 25 9 6 10 33 0
11 Stoke 25 9 6 10 33 -7
12 Crystal Palace 25 9 5 11 32 -4
13 Chelsea 25 7 9 9 30 -2
14 WBA 25 7 8 10 29 -9
15 AFC Bournemouth 25 7 7 11 28 -12
16 Swansea 25 6 9 10 27 -9
17 Newcastle 25 6 6 13 24 -18
18 Norwich 25 6 5 14 23 -20
19 Sunderland 25 5 5 15 20 -19
20 Aston Villa 25 3 7 15 16 -20
Latest F1 News
Latest Vital Boxing News

Stoke City Fixtures (view all)

Feb 13 2016 3:00PM : AFC Bournemouth (a)
Barclays Premier League
Feb 27 2016 3:00PM : Aston Villa (H)
Barclays Premier League
Mar 2 2016 7:45PM : Newcastle United (H)
Barclays Premier League
Mar 5 2016 3:00PM : Chelsea (a)
Barclays Premier League
Mar 12 2016 3:00PM : Southampton (H)
Barclays Premier League
Mar 19 2016 3:00PM : Watford (a)
Barclays Premier League

Recent Stoke City Results (view all)