Pete Martin (CTID)
Very well known Exeweb poster
From my personal viewpoint I think the idea is superficially attractive for obvious reasons but I would need a lot of convincing by others to support such an initiative. There is the actual cost of purchase of course, but my biggest concern is that owning the freehold of the whole caboodle could make the club vulnerable to a take over bid. Yes, you could argue that, if we owned SJP, a subsequent buyer might theoretically provide some of the cash to move elsewhere, but more money would be needed. Iirc, at the time of the Drivers Jonas study in 2007 it was reckoned that even a new 5,000 seat stadium at Arena Park would have cost £7million - and that excluded land costs. I know they get a lot of stock from some but the City Council are good reasonable landlords and have been so for over 20 years now. I am certain they would never threaten the existence of the football club in the city as it is seen as something of much community value.Thanks Pete. My fault for not being clearer, I meant the Freehold of St James Park from the Council. I appreciate it may not be on the current radar for no doubt lots of reasons, but do you (and the others if you read this) think the Trust should consider it a long term strategy aim ?
Many thanks