you understand why that protects them though?

Delia (or whoever NCFC is owned by) could demolish the ground and build luxury riverside flats on top of Carrow Road if she wanted, but the only thing that Portman Road can be used for (according to the deeds of covenant in the land itself) is as a venue for sport. It's owned by the people.

It's not unlike the Chelsea pitchowners arrangement really that protects Stamford Bridge.

If the land that Carrow Road is built on was owned by the local authorities then Norwich would be in a position to take more risk in terms of outside investment as well.

A lot of people make the same error when thinking that its good for the club to own its own land.

Posted By: Kebbsy on November 3rd 2007 at 11:13:18

Message Thread

The facts surrounding Marcus Evans (NCFC) - Kebbsy, Nov 3, 10:50:28
- Are you an ecanalist then? (n/m) (NCFC) - Partial Angler, Nov 3, 13:43:37
- Are you studying for a doctorate as wel ? (n/m) (NCFC) - Steve in Holland, Nov 3, 13:38:07
- Football is not a good investment (NCFC) - Ben, Nov 3, 12:08:42
- It is disgusting really (NCFC) - Riverking, Nov 3, 11:58:55
  - From my recall the administration saved the Scum just under £10 million (n/m) (NCFC) - KentonCanary, Nov 3, 12:00:16
    - Precisely... (NCFC) - Riverking, Nov 3, 12:01:39
    - and the 30 other clubs who have been through administration (NCFC) - Kebbsy, Nov 3, 12:01:36
      - Just mentioning how much it saved you. Is that ok? (n/m) (NCFC) - KentonCanary, Nov 3, 12:06:44
      - Yes, because it is the rules now (NCFC) - Riverking, Nov 3, 12:04:12
        
        well i think (NCFC) - Kebbsy, Nov 3, 12:05:51
        
        I don't dispute the fact that our club has been poorly run in recent years (n/m) (NCFC) - KentonCanary, Nov 3, 12:08:06
        
        You think... (NCFC) - Riverking, Nov 3, 12:06:54
- Maybe a simplistic view of it all (NCFC) - KentonCanary, Nov 3, 11:46:05
- Has nobody at Ipshit realised... (NCFC) - JoeyDeacon, Nov 3, 11:44:26
  - your lack of understanding is amusing (NCFC) - Kebbsy, Nov 3, 11:49:00
    - WRONG!!! (NCFC) - JoeyDeacon, Nov 3, 11:53:18
      - sorry but you know nothing (NCFC) - Kebbsy, Nov 3, 11:54:04
        
        AGAIN WRONG!!! (n/m) (NCFC) - JoeyDeacon, Nov 3, 11:55:12
        
        well i'll tell you what (NCFC) - Kebbsy, Nov 3, 11:57:30
        
        Come and see me when you have 5 McDonalds stars (NCFC) - JoeyDeacon, Nov 3, 12:00:01
- It'll all end in tears..... (NCFC) - Winky Wanky Woo, Nov 3, 11:22:31
  - read the explanation again (NCFC) - Kebbsy, Nov 3, 11:24:10
    - Too simple, just like the binners. (NCFC) - Winky Wanky Woo, Nov 3, 11:30:23
      - well cling to that if it makes you feel better (NCFC) - Kebbsy, Nov 3, 11:49:32
- He purchased your debt, he didn't clear it. (NCFC) - yarmyyarmy, Nov 3, 11:16:40
  - well............ (NCFC) - Kebbsy, Nov 3, 11:25:17
    - Don't think you really know mate... (NCFC) - Riverking, Nov 3, 12:02:17
    - No, it hasn't. It's called distressed debt. (NCFC) - yarmyyarmy, Nov 3, 11:29:37
      - no it isn't (NCFC) - Kebbsy, Nov 3, 11:51:22
        
        The debt to NU was explicit (NCFC) - yarmyyarmy, Nov 3, 12:18:10
        
        so the £37m has become £20m now has it? (NCFC) - Kebbsy, Nov 3, 14:08:21
- You couldn't make this quote up.... (NCFC) - sixthgo, Nov 3, 11:10:15
  - you understand why that protects them though? (NCFC) - Kebbsy, Nov 3, 11:13:18
    - Kebbsy, please take off the rose tinted specs... (NCFC) - sixthgo, Nov 3, 11:34:03
    - I'm not sure that it "protects" you (NCFC) - The King of Prussia, Nov 3, 11:27:35
      - well if he is in it solely for the money (NCFC) - Kebbsy, Nov 3, 11:28:55
        
        or rather (NCFC) - blindasabat, Nov 3, 11:51:49
        
        run where exactly? (NCFC) - Kebbsy, Nov 3, 11:53:15
        
        you're right, he won't have to run anywhere if nobody knows what he looks like... (NCFC) - blindasabat, Nov 3, 12:02:10
- Wasn't he the auxiliary fireman on Fireman Sam? (n/m) (NCFC) - Auckland Rob, Nov 3, 11:07:10
- what happens after the 12 mill is spent over thi and next season (NCFC) - craggyisland04, Nov 3, 11:05:34
  - well its simple (NCFC) - Kebbsy, Nov 3, 11:06:34
    - WHO CARES?!?!? (NCFC) - Auckland Rob, Nov 3, 11:12:30
      - no I'm not (NCFC) - Kebbsy, Nov 3, 11:13:53
        
        I am in no doubt that you're intelligent. (NCFC) - Winky Wanky Woo, Nov 3, 11:36:41
- Fucking hell you are sanctimonious aren't you. Why are you still pretending to be (NCFC) - Yellalee, Nov 3, 11:02:07
  - I lived in Norwich for 15 years (NCFC) - Kebbsy, Nov 3, 11:05:31
    - You had an 'affection' for our club...... (NCFC) - Winky Wanky Woo, Nov 3, 14:03:47
- corrrrr! your so clever................. (NCFC) - Chopper, Nov 3, 11:00:37
  - well many people on this board (NCFC) - Kebbsy, Nov 3, 11:03:59
    - Or the alternative viewpoint... (NCFC) - Yellalee, Nov 3, 11:06:51
      - sorry but thats just clutching at straws (NCFC) - Kebbsy, Nov 3, 11:08:32
- they have 12 million but so do watford, charlton etc?? (NCFC) - craggyisland04, Nov 3, 10:59:57
- they have 12 million but so do watford, charlton etc?? (NCFC) - craggyisland04, Nov 3, 10:59:57
  - Well of course (NCFC) - The King of Prussia, Nov 3, 11:07:50
    - one of the more intelligent views i've seen on here (NCFC) - Kebbsy, Nov 3, 11:10:28
- sounds so very, very reasonable, but.. (NCFC) - Gorleston Rob, Nov 3, 10:59:45
  - well whichever 3 clubs went down that season (NCFC) - Kebbsy, Nov 3, 11:02:55
- Maybe being so highly qualified (NCFC) - trueyellow, Nov 3, 10:58:20

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