Ownership of St James Park

Ex-Mascot

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Jan 17, 2005
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I've always been under the impression that St James Park was owned by the club, and so we weren't in the precarious situation of not owning where we play which has led so many clubs into difficulty.

I was though reading the Forest Green (H) programme from last season, when the Stansfield Stand was opened, and it says that the stand and the land its built on is owned by Exeter City Council.

Can anyone enlighten me on what we own/don't own?
 

Martin Lawrence

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The club also owns the lease o n the ground and a percentage of OTR Ltd who own the St James Centre. The City Community Trust own the Fountain Centre and car park.
 

chrisw

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Apr 1, 2004
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Cheltenham, Gloucestershire, UK
Back in the days when we went into administration 2003/4 the fact that the Council owned the land allowed City to continue. If it was owned by an individual he could have sold it and our home would have been gone forever. I suppose we could have ground-shared with the Chiefs, but.........................
 

Dannyred

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The club also owns the lease o n the ground and a percentage of OTR Ltd who own the St James Centre. The City Community Trust own the Fountain Centre and car park.
OTR Directors
Julian Tagg (Lecturer)

Ivor Doble (MD)

Joe Gadstone (Sports Developer from Dorset )

David Newbury (Motor Component Distributor)

Micheal Vandale ( Property Developer ) address in Canada.

Don’t see where the club own anything of the St James Center ?

Do the club pay to rent this building ?

Exeter City Community Trust who you said own The fountain center and car park.

Directors

Julian Tagg
Elaine Davis
David Coard
Graham Cridland
Christopher Gill
Paul Goode’s
Catherine Hill
Jemma Hodgkins
Richard Marsh
Ross Morshead
Martin Wieler
Nick Murray

Do they all own the fountain center and the car park land ?

Do the club pay them rent ?

Why don’t the Trust own both ?
 

Martin Lawrence

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You will note that Tagg is a Co. owner of OTR, as well as being City Club Chairman. Some might suggest a conflict of interest there.
Not really. The company is merely a shell company that was created to leverage commercial finance to purchase the building. It makes no profit and only exists to service payments on the loan. No decisions can be taken by the board without unanimous agreement. Hard to see how that could in any way be considered a conflict of interest.
 
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