03-02-2022, 10:29 PM
(02-02-2022, 10:47 PM)Hammie Wrote: as regards due diligence on the ground
I recall Eisner saying that anyone who has done up an old house knows there will be expensive surprises along the way. Probably far more than they hoped for but a century or so of neglect really does not come cheap to fix.
With due respect Eisner's quote is a pile of rubbish. I used to work in Mortgage Publishing & know quite a bit about surveys.
If a full structural survey had been done which strips the structure bear all this would have come out & they would been advised to either Not buy in the first place or have it bulldozed for flats. It's in a prime central area & land is very expensive to buy. The money generated could have been used to move to another site like Tipnor or similar.
The Club has 4 Main assets in what ever order you want to list them:
1) Ground
2) Team
3) Supporters
4) Management
To be able to operate a club successfully you need all four elements.