If thats the situation we are in Vish then why spend £150m on an option that will take in a direction where we are forever behind our rivals. The £150m is a total weaste of money. Why not just put modern facilities in the main stand say £2m and let FSG develop the team and the club and leave the stadium alone. Let FSG cash in and make their money then at some point in the future with new owners with the financial muscle we develop a new ground. I would rather that was done rather than take the club entirely in the wrong direction because of the circumstances of the speculative focussed owner we have at the moment. Spending money badly means spending it twice
Because with 150m we will increase the seating capacity by about 30% and probably the revenues by more than that as corporate facilities will have a much higher selling price. You want to acheive the same or a couple of thousand seats more but by spending 3 times more, where is the rationale in this? There is no logic in spending that kind of money in something we MAY need in 10 years. If the demand and returns are there in 10 years time, we'll decide then, by then we would have recouped the investment. Otherwise it would be just feeding the financial institutions that have financed the construction at the expense of LFC.
That said, if FSG cared about LFC only, ie, they were fans of the club instead of institutional investors the could have had another plan by sharing the risks but also the returns. The could have made a rights issue and opened the shareholding to others to finance the stadium. However, I am not sure if they will be able to raise enough capital looking at our current financials, we are in negative equity and loss making Maybe that's the plan once we sort out our immediate short term problems, ie, have a reinforced balance sheet.