| Ownership of Portman Road 15:42 - Nov 17 with 5257 views | brazil1981 |
Saw a post on another forum from a Narwich fan smug coz they own their stadium and we don’t! Got me thinking whether owning your own stadium makes you more open to new owners coming in and asset stripping, i.e. selling off said stadium, running club down and leaving club potentially homeless (Coventry obvious example)!
I’m no expert on how ownership models and financial takeovers of clubs work so interested in thoughts of anyone with a bit knowledge on the subject?
Am I right the council owns PR? If so guess it’s less likely they’d sell us down the river than a private/corporate owner? |  | | |  |
| Ownership of Portman Road on 15:43 - Nov 17 with 5214 views | PhilTWTD |
Town own the stadium, council own the land it's on with the club having a very lengthy lease.
"IBC own the land with the Blues having signed a lease on the 8½ acre site in August 2001, the term lasting for 125 years from June 1969, the date of the start of an earlier agreement."
 Portman Road an Asset of Community Value 3rd Sep 2013 00:57Portman Road has been declared an Asset of Community Value (ACV) after a representation by the Ipswich Town Independent Supporters Trust to Ipswich Borough Council.  16
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| Ownership of Portman Road on 15:44 - Nov 17 with 5198 views | clive_baker |
Council own the ground the stadium sits on, yes. As you say that does provide an element of protection in that if a new owner were to relocate the club to a new ground it wouldn't be able to sell off the existing plot to help fund it, thus making that less likely I would say. [Post edited 17 Nov 2022 15:45]
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| Ownership of Portman Road on 15:47 - Nov 17 with 5153 views | Keno |
Just suggest that if they are smug they look at what happened to Brighton |  |
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| Ownership of Portman Road on 15:52 - Nov 17 with 5108 views | davblue |
| Ownership of Portman Road on 15:44 - Nov 17 by clive_baker |
Council own the ground the stadium sits on, yes. As you say that does provide an element of protection in that if a new owner were to relocate the club to a new ground it wouldn't be able to sell off the existing plot to help fund it, thus making that less likely I would say. [Post edited 17 Nov 2022 15:45]
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if you really wanted to do something with the ground starting again might be the best option and moving it across and taking up some of the fan zone. Would allow for expansion in the future if required but im probably missing something obvious as to why it can't be done. |  | | |
| Ownership of Portman Road on 16:07 - Nov 17 with 5002 views | Ewan_Oozami |
| Ownership of Portman Road on 15:47 - Nov 17 by Keno |
Just suggest that if they are smug they look at what happened to Brighton |
Or even Derby... |  |
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| Ownership of Portman Road on 16:07 - Nov 17 with 5000 views | HighgateBlue |
| Ownership of Portman Road on 15:52 - Nov 17 by davblue |
if you really wanted to do something with the ground starting again might be the best option and moving it across and taking up some of the fan zone. Would allow for expansion in the future if required but im probably missing something obvious as to why it can't be done. |
Would we ground share with Colchester whilst that is being done?
(not trying to be facetious, genuine question) |  | | |
| Ownership of Portman Road on 16:10 - Nov 17 with 4944 views | blueasfook |
It means we are less likely to have to burn down a stand |  |
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| Ownership of Portman Road on 16:15 - Nov 17 with 4922 views | HighgateBlue |
| Ownership of Portman Road on 16:07 - Nov 17 by Ewan_Oozami |
Or even Derby... |
Yes I've always been of the view that there is significant protection in the freehold being owned by the Council. Whilst our former and current owners have never shown any sign of wishing to asset strip and get out, you just never know who might buy the club in the future.
The council, on the other hand, is stuck with us for at least another 72-odd years, as long as we abide by the terms of the lease.
I've not looked at the terms of the lease, but I suppose it's highly likely that the consent of the council as landlord will be needed for structural alterations, and hence there is less redevelopment freedom guaranteed, but in all likelihood the council would want to permit anything which improves the area and the club's fortunes.
Their duties under the Local Government Act 1972 would surely prevent them from giving us mates rates on the rent, and we know from previous skirmishes that there are rent reviews every so often (as you'd expect in such a long lease).
But all in all, I'm quite glad that we have the council's sticky hands on the stadium rather than those of a faceless corporate entity whose identity we cannot control, and over whom we have no power at the ballot box! | | | |
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| Ownership of Portman Road on 16:25 - Nov 17 with 4859 views | homer_123 |
| Ownership of Portman Road on 15:43 - Nov 17 by PhilTWTD |
Town own the stadium, council own the land it's on with the club having a very lengthy lease.
"IBC own the land with the Blues having signed a lease on the 8½ acre site in August 2001, the term lasting for 125 years from June 1969, the date of the start of an earlier agreement."
Portman Road an Asset of Community Value 3rd Sep 2013 00:57Portman Road has been declared an Asset of Community Value (ACV) after a representation by the Ipswich Town Independent Supporters Trust to Ipswich Borough Council. 16
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Peppercorn rent as well Phil? |  |
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| Ownership of Portman Road on 16:25 - Nov 17 with 4854 views | homer_123 |
| Ownership of Portman Road on 15:47 - Nov 17 by Keno |
Just suggest that if they are smug they look at what happened to Brighton |
Coventry is the answer, right now. | |
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| Ownership of Portman Road on 16:28 - Nov 17 with 4833 views | Marshalls_Mullet |
We own the stadium.
Council owns the land. |  |
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| Ownership of Portman Road on 16:29 - Nov 17 with 4827 views | Marshalls_Mullet |
| Ownership of Portman Road on 16:25 - Nov 17 by homer_123 |
Peppercorn rent as well Phil? |
Dont think so.
There was some dispute a few years back.
Wasnt it c.£100k+ per annum? | |
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| Ownership of Portman Road on 16:33 - Nov 17 with 4818 views | PhilTWTD |
| Ownership of Portman Road on 16:25 - Nov 17 by homer_123 |
Peppercorn rent as well Phil? |
No, went up in acrimonious circumstances a few years back.
 Town and IBC Reach Rent Agreement 10th Feb 2012 13:09TWTD understands that Town have resolved their long-running dispute with Ipswich Borough Council regarding £654,702 in back rent owed on the land on which the Portman Road stadium stands. The agreement reached will see the Blues pay the cash over a period of six years, two years longer than had been proposed by IBC last October. 10
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| Ownership of Portman Road on 16:43 - Nov 17 with 4703 views | davblue |
| Ownership of Portman Road on 16:07 - Nov 17 by HighgateBlue |
Would we ground share with Colchester whilst that is being done?
(not trying to be facetious, genuine question) |
i would imagine so, or Felixstowe! | | | |
| Ownership of Portman Road on 16:58 - Nov 17 with 4625 views | MalcolmMeatballHead |
On a side note have you seen that poison man Mike Ashley is back in the game having today purchased Coventry's stadium? I'm sure that won't end up in tears! [Post edited 17 Nov 2022 17:00]
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| Ownership of Portman Road on 17:02 - Nov 17 with 4562 views | jeera |
| Ownership of Portman Road on 15:47 - Nov 17 by Keno |
Just suggest that if they are smug they look at what happened to Brighton |
Had some banner waved at them? |  |
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| Ownership of Portman Road on 17:09 - Nov 17 with 4531 views | MattinLondon |
| Ownership of Portman Road on 15:43 - Nov 17 by PhilTWTD |
Town own the stadium, council own the land it's on with the club having a very lengthy lease.
"IBC own the land with the Blues having signed a lease on the 8½ acre site in August 2001, the term lasting for 125 years from June 1969, the date of the start of an earlier agreement."
Portman Road an Asset of Community Value 3rd Sep 2013 00:57Portman Road has been declared an Asset of Community Value (ACV) after a representation by the Ipswich Town Independent Supporters Trust to Ipswich Borough Council. 16
This post has been edited by an administrator |
So basically, and keeping things polite, this is just another example of an inbred budgie fan talking rubbish? |  | | |
| Ownership of Portman Road on 17:11 - Nov 17 with 4521 views | MattinLondon |
The only time a Norwich fan becomes smug is when their auntie, sister and mother goes down on them all at the same time. | | | |
| Ownership of Portman Road on 17:31 - Nov 17 with 4422 views | NthQldITFC |
They're smug because we don't own their stadium?
If we did, we could live rent-free in it I suppose, like what we do in their heads!
Apologies, deliberate misinterpretation of your first line. It does seem to me that we have an ideal situation, protected from corporate asset strippers. I fink that many budgies have never quite managed to get a handle on this fact, just like they have never quite managed to get a handle on any meaningful silverware. |  |
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| Ownership of Portman Road on 18:46 - Nov 17 with 4146 views | ArnieM |
The fact that the Club Ltd owns Carrot Rood , is an even bigger reason why “ the ole bird” will never sell her majority share to an investor.
She’s sitting pretty and just pockets the pimps ( Sky Tv) money, biannually, in their sad little yo-yo existence in football, never making it out of the bottom 3 when they do ever get promoted to PL. |  |
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| Ownership of Portman Road on 18:49 - Nov 17 with 4118 views | Swansea_Blue |
I think they’re barking up the wrong tree, given our land rent position didn’t exactly put off Gamechager. |  |
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| Ownership of Portman Road on 20:16 - Nov 17 with 3878 views | BrianTablet |
I always thought Danny Haynes owned Carrow Road. |  |
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| Ownership of Portman Road on 21:19 - Nov 17 with 3696 views | ArnieM |
| Ownership of Portman Road on 20:16 - Nov 17 by BrianTablet |
I always thought Danny Haynes owned Carrow Road. |
Please, just go and post that on wotb ! ðŸ‘🤣 | |
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| Ownership of Portman Road on 00:23 - Nov 18 with 3404 views | BasingstokeBlue |
We own the stadium. But we rent the land on which it stands. |  |
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| Ownership of Portman Road on 02:06 - Nov 18 with 3365 views | ArnoldMoorhen |
| Ownership of Portman Road on 16:15 - Nov 17 by HighgateBlue |
Yes I've always been of the view that there is significant protection in the freehold being owned by the Council. Whilst our former and current owners have never shown any sign of wishing to asset strip and get out, you just never know who might buy the club in the future.
The council, on the other hand, is stuck with us for at least another 72-odd years, as long as we abide by the terms of the lease.
I've not looked at the terms of the lease, but I suppose it's highly likely that the consent of the council as landlord will be needed for structural alterations, and hence there is less redevelopment freedom guaranteed, but in all likelihood the council would want to permit anything which improves the area and the club's fortunes.
Their duties under the Local Government Act 1972 would surely prevent them from giving us mates rates on the rent, and we know from previous skirmishes that there are rent reviews every so often (as you'd expect in such a long lease).
But all in all, I'm quite glad that we have the council's sticky hands on the stadium rather than those of a faceless corporate entity whose identity we cannot control, and over whom we have no power at the ballot box! |
Unlike the rest of us, I can confirm that this poster genuinely knows what he is talking about on this subject.
(The clue is in "I've always been of the view...", but I happen to know that he is definitely ITK on this, and not in a "my mate is a Steward" kind of way...) | | | |
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