I agree with you Myles, but the point I was making is that any independent trust of similar body, would never get the capital funding required to build the stadium in the first place.Myles Francis wrote: ↑Wed Feb 20, 2019 2:31 pmAnd this is why I think the KasStad is a dead duck in terms or providing a sustainable future for OUFC. If someone somehow managed to take control of the stadium, it simply doesn't have the year-round revenue raising ability that is needed. The vision presented by FK at the start would have worked - using the revenues generated by the leisure complex to subsidise the football club.
It's also why, if somebody had the vision to take the idea by the scruff of the neck and run with it, the Water Eaton proposal could have worked. That would have been a full retail and leisure complex of which the stadium would have been a small part, with 365-day revenues. Luton have taken a similar approach by buying a large plot of land adjacent to J10 of the M1 on which they will bid a large retail development, and that will support the building of the new stadium at Power Court.
That level of funding requires guarantees both in terms of ongoing revenue to make repayments, and underwritten cross guaranteed security for the debt over and above the stadium complex itself.
No independent trust would be able to achieve that without a big financial backer prepared to risk a lot of money.
Rock. Hard place.