To some degree we have been a zombie club since the stadium opened.
ENIC’s entire model was to use the fanbase/club to generate cash and debt to build a world class stadium and training ground to increase the price of the asset.
Once that was achieved the entire goal was met. Beyond that point there was no real vision. ENIC could have sold the club a few years back for £4-5bn with all the land to redevelop around the ground they own, the stadium, NFL, events, brand name etc. instead they let the main entity within it rot and now they risk losing maybe half a billion or more on the value.
Greed.
ENIC’s entire model was to use the fanbase/club to generate cash and debt to build a world class stadium and training ground to increase the price of the asset.
Once that was achieved the entire goal was met. Beyond that point there was no real vision. ENIC could have sold the club a few years back for £4-5bn with all the land to redevelop around the ground they own, the stadium, NFL, events, brand name etc. instead they let the main entity within it rot and now they risk losing maybe half a billion or more on the value.
Greed.