Armavinit wrote:If memory serves, Bartlett took out a loan using the SMC as collateral, to fit out the boardroom. Allam took out a mortgage for £8.5m and fully loaded it with debt. Does anybody know what the mortgage was for?
Probably to help pay for the Allam’s ‘gift to the City!’
The SMC concept has been abused though. Not sure if it’s happened like that with other stadiums, like Man City move to the Etihad had a similar deal with the Council.
If it’s in the air with City being sold, wonder if there’s scope for Adam to buy it and regain ownership? Might cost a bit in the short term, but may provide more stability for us in the future and provide more revenue opportunities from the stadium.