The Future of London Road?

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ashman
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The Future of London Road?

Post by ashman » 11 Jan 2019, 17:19

Sounds as if Darragh, Jason and Stewart are thinking of moving to a new stadium and the club and the ground to be separately owned. How is this different to when Colin Hill bought it out?

https://www.theposh.com/news/2019/janua ... son-neale/
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Brianposh
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Re: The Future of London Road?

Post by Brianposh » 11 Jan 2019, 18:48

Certainly already suggesting a New Ground being built elsewhere. Not my view and would much prefer to stay where we are, a perfect position.
Guess my views in the end will not count though. It will NEVER be built to suit my views for sure, but as a Shareholder will air my ideas when the time comes.
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Wycliffe
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Re: The Future of London Road?

Post by Wycliffe » 11 Jan 2019, 19:09

ashman wrote:
11 Jan 2019, 17:19
Sounds as if Darragh, Jason and Stewart are thinking of moving to a new stadium and the club and the ground to be separately owned. How is this different to when Colin Hill bought it out?

https://www.theposh.com/news/2019/janua ... son-neale/
It would depend on whether you choose to believe the present owners more than hill.

I do. What I may want in my heart may not be best for my club.

We are told the owners have the same wish to remain in the city centre that we (mostly) have, next move down to PCC to find it.

There is no realistic chance of outside investors being interested in 'renovating' LR imo.
LRE with the purchasing of the parade being paramount on its own could cost £8 or 9 million.
Main stand on the same footprint not far off the same.
Glebe needs a lot of work too.
Moy's not owned by the club.

The gravel area to be built on soon so the ground will be totally boxed in pretty soon.

With no knowledge whatsoever of what 50+ acres even is I took a drive and walk down the back of the cherry tree car park, on towards the river and close to railworld. There may be some units to be bought out but it looked a sizeable total area. Not far from Ebs either :clap:

https://earth.google.com/web/@52.5657530...893h,0t,0r

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ashman
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Re: The Future of London Road?

Post by ashman » 11 Jan 2019, 22:05

Wycliffe wrote:
11 Jan 2019, 19:09
With no knowledge whatsoever of what 50+ acres even is I took a drive and walk down the back of the cherry tree car park, on towards the river and close to railworld. There may be some units to be bought out but it looked a sizeable total area. Not far from Ebs either :clap:

https://earth.google.com/web/@52.5657530...893h,0t,0r
That certainly is a sizeable area but I reckon that all the watery bits can at least be discounted! :wink:
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Re: The Future of London Road?

Post by DaveLister » 13 Jan 2019, 03:15

As much as I love London Road, it is showing it's age. It's going to be hard to redevelop the London Road End without buying all or most of the buisnesses opposite the KFC on London Road, and the Main Stand also needs work.

So long as we don't end up like Wobblers and have a legoland ground miles away from the city, I'd be open to it. It's important that any site be close to the city centre so fans can easily travel to it - as Brian says, we're presently in the ideal location. But that location is restricted by what's around it.

Share Ashmans concerns about ownership though.
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Re: The Future of London Road?

Post by Steamy Nin » 13 Jan 2019, 10:27

The report doesn't say Peterborough City Centre, it just says "within the City of Peterborough". Well there is a Peterborough City council sign just outside Market Deeping. I'm sure they won't go that far out but we need to keep the pressure on to make sure that it is as close to the centre of the City as possible and walkable from the railway station.

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Re: The Future of London Road?

Post by ashman » 13 Jan 2019, 10:40

Latest PST communique circulating the LRE yesterday.


Connecting Club and Community

The View of the Posh Supporters’ Trust’s Board, re: The Future of the ABAX Stadium.
First of all, we would like to clarify that the Trust will not be making a bid to buy the stadium. Whilst we had a right to bid with the Asset of Community Value (ACV), it was never our intention to exercise that option. The ACV itself has provided us with more time to further understand details of proposed sale of the stadium.
When the Leader of Peterborough City Council (PCC), PUFC directors and owners announced on 18th October that there was a Memorandum of Understanding (MoU) issued by the Council for the sale of the football ground to the club, the Trust was very keen to know more details.
Why? Because the Trust board had consistently said that it supported the club and ground being re-united, as it was the separation of the ground from the club in 2003 that caused so many problems down the line for the football club, Darragh MacAnthony and for PCC. That ultimately lead to the Council being put in a position that it felt it had to buy the ground back from Peterborough United Holdings Limited (PUHL) who then owned it.
Following meetings with both the club and PCC, and at a recent public meeting, it has emerged that the preferred option is not that the football club buys the stadium, but that an investment group, comprising the three main PUFC owners and possibly other investors does so. This may seem to amount to the same thing. It doesn’t.
Why does the Trust say this? If the ground was being bought by PUFC Ltd. which is the legal entity that owns the club then it is more certain that the club and its ground will stay together in the longer term, and that the club itself would be the main beneficiary of any development of the stadium.
If the club is bought by the separate company owned by the three club directors themselves then there is more chance, not necessarily now but in the longer term, that any stadium development benefits could slip away from the club and a forced move away from London Road could happen in the future possibly when the club has changed hands. There could also be significant rent to pay as there is now to the current owner, PCC.
So, the best protection in our opinion is that the club has the stadium in its ownership and that development takes place once that has happened. With the club’s three owners being in control through the club, the development can hopefully restart, including the commercial element that will bring revenue to the club and to its owners. Everyone can see that the ground development has been very slow to take place under different club and stadium owners.
Is there any reason that the deal can’t be structured that way? There may be some, but they are not obvious. The current club owners who are intending to put up the money to buy the stadium, could buy it through the club’s company PUFC Ltd. as they already control it, owning more than 99% of the shares between them.
Why are these things so important? Because, as we saw with the PUHL’s planning application to build flats at Moys End in 2006, the site is a very valuable one for property development. PCC planning department rejected the PUHL plans, PUHL took it to the national authority and the tribunal that resulted overturned the PCC decision. Although the flats were never built, the land now had planning permission with valuable residential development potential.
The Asset of Community Value (ACV) status that the Trust applied for in 2014 was put in place on the stadium by PCC has proved very good for helping Posh fans to know what is going on as regards the sale, and preventing the sort of secret and complicated deal that caused so much damage in 2003.
The PST has had a meeting with PCC, and it is planned to have a further meeting in the New Year. Having asked questions of PCC and had some answers, the Trust is encouraging PCC to retain a strong covenant over the playing surface at London Rd., to retain a right to buy back the stadium under certain circumstances, and to seek assurances from any new owners of the stadium that the football club will be the main beneficiary of the stadium developments. The stadium is a valuable community asset, which PCC has itself demonstrated by buying it from PUHL, then we are asking that PCC puts these safeguards into any sale agreement to protect football in its current City Centre location.
Is the Posh Supporters’ Trust against the sale to the three investors at any price or any terms? No, not at all! We have met with the club, who outlined their vision to create a much bigger stadium suitable for sustained Championship football, either at London Road or if this cannot be achieved, potentially a purpose built stadium in the close proximity. This same vision was also shared publicly by the club at Ebeneezer’s Club (home of PISA) on the same day.
The fans are often told to trust the owners, but it’s not just about trust, and it’s worth remembering that the owners are business people looking to promote their investments as well as enjoying owning a football club. Fans and the city as a whole have a stake in this too and the reason Assets of Community Value were set up was to exactly reflect those interests of the local community and give them some rights.
Structured as an investment group purchase could be a good deal for the club and for fans, but the risks are higher for the long term therefore more protection is required. We know negotiations are still taking place between the club and PCC which is why the Trust thinks it is only right for more details of what is planned by the new owners to be made more transparent, and allow the stakeholders to share the vision for our clubs future.
One of those ACV rights is to know what is planned for certain iconic land and buildings so, in this case, fans can have their say and try to have an influence if they think the wrong things are being done or there is no transparency. That is the sole mission of the Posh Supporter’s Trust, refined in our questions to PCC and to the prospective new owners of the stadium.
Finally, the Trust’s questions and concerns are sometimes portrayed as hostility towards the owners. They are not. Its actions are only to look out for the long-term interests of the club.
The Trust has been a big supporter of Darragh MacAnthony from the time he arrived at the club. Its many public statements have praised his commitment to the club and his knowledge and funding of the purchase and sale of players which have helped keep the club competitive financially, and in football terms, in League 1 and the Championship. No chairman in the Football League has a better record of facilitating the buying and developing of young talented players, many of who have gone on to grace the Premier League or Championship for many seasons and continue to do so.


The Posh Supporters Trust Board.
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bristleposh
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Re: The Future of London Road?

Post by bristleposh » 13 Jan 2019, 10:53

Couldn't they just pull down that old building near Cathedral Square that's been there since the 13th Century, very few people use it, and most of the graves are so old it wouldn't hurt to concrete them over. Surely that site would be big enough to accomodate a double storey car park with a stadium above. I'm sure there'd be a few complaints from those religious people, but hey life goes on football is more important than life itself according to one Liverpool manager from the not too distant past
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Poshay
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Re: The Future of London Road?

Post by Poshay » 13 Jan 2019, 18:29

bristleposh wrote:
13 Jan 2019, 10:53
Couldn't they just pull down that old building near Cathedral Square that's been there since the 13th Century, very few people use it, and most of the graves are so old it wouldn't hurt to concrete them over. Surely that site would be big enough to accomodate a double storey car park with a stadium above. I'm sure there'd be a few complaints from those religious people, but hey life goes on football is more important than life itself according to one Liverpool manager from the not too distant past
If you'd made that comment about a synagogue or a mosque you'd be burnt at the stake in today's climate. What would you do with Catherine of Aragon's tomb, convert it into a bar perhaps?
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