Essex Outfielder : The Unofficial Essex CCC Forum
Cricket => Official Q&A => Topic started by: bwildered on September 07, 2023, 09:16:39 AM
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Rajasthan Royals have launched an extraordinary takeover bid for Yorkshire which would make the county club the first to be owned by an overseas franchise.
Unfortunately money talks, might need an injection of dosh to pay the Newton report. Will the club sell its soul ??
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What you mean is…
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Will the members sell their soul?
Precedents are not good.
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Yorks must have have enough Boycott types to vote this down.
Mind you if we got taken over by an IPL franchise would the long promised ground improvements finally arrive.
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As I think the article points out (I scanned it and I'm not venturing onto the Mail site again), Yorkshire are an ideal choice for a takeover being host to a Hundred franchise. Plus they owe all that money to their former Chairman. I don't see it as the end of the world, they're buying a county- while also getting a slice of a franchise.
Would Essex be such a tempting target? There's no Hundred franchise, but there's a lot of support, a player development pipeline and close links to a wide community of potential players. Build a new stadium or somehow manage to improve Chelmsford, and attract a Hundred franchise, and there's an opportunity for someone with deep pockets and a bit of imagination.
I hope that doesn't happen of course, but I'm struggling to see a way forward.
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As I think the article points out (I scanned it and I'm not venturing onto the Mail site again), Yorkshire are an ideal choice for a takeover being host to a Hundred franchise. Plus they owe all that money to their former Chairman. I don't see it as the end of the world, they're buying a county- while also getting a slice of a franchise.
Would Essex be such a tempting target? There's no Hundred franchise, but there's a lot of support, a player development pipeline and close links to a wide community of potential players. Build a new stadium or somehow manage to improve Chelmsford, and attract a Hundred franchise, and there's an opportunity for someone with deep pockets and a bit of imagination.
I hope that doesn't happen of course, but I'm struggling to see a way forward.
They wouldn't just be buying a county. They would be buying first access to a guaranteed pipeline of young talent across that county, which is probably the main attraction. It means they'll be able to lock down the next Harry Brook et all on global contracts that sees them play for Rajasthan and Yorkshire across the English summer and then for all the other 'Royals' teams over the winter.
As for Essex, my stance is simple. We're in dire need of investment amid rotting facilities and are in danger of fading into irrelevance (as are all county clubs without a 16.4 team. If an IPL franchise (or any respectable company/individual for that matter) came to us with a cast-iron contractual guarantee to either rebuild Chelmsford or build a new ground entirely by a certain date, then they'd get my vote.
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As I think the article points out (I scanned it and I'm not venturing onto the Mail site again), Yorkshire are an ideal choice for a takeover being host to a Hundred franchise. Plus they owe all that money to their former Chairman. I don't see it as the end of the world, they're buying a county- while also getting a slice of a franchise.
Would Essex be such a tempting target? There's no Hundred franchise, but there's a lot of support, a player development pipeline and close links to a wide community of potential players. Build a new stadium or somehow manage to improve Chelmsford, and attract a Hundred franchise, and there's an opportunity for someone with deep pockets and a bit of imagination.
I hope that doesn't happen of course, but I'm struggling to see a way forward.
They wouldn't just be buying a county. They would be buying first access to a guaranteed pipeline of young talent across that county, which is probably the main attraction. It means they'll be able to lock down the next Harry Brook et all on global contracts that sees them play for Rajasthan and Yorkshire across the English summer and then for all the other 'Royals' teams over the winter.
As for Essex, my stance is simple. We're in dire need of investment amid rotting facilities and are in danger of fading into irrelevance (as are all county clubs without a 16.4 team. If an IPL franchise (or any respectable company/individual for that matter) came to us with a cast-iron contractual guarantee to either rebuild Chelmsford or build a new ground entirely by a certain date, then they'd get my vote.
This post proves my point. The buyer won't even need to offer 20 pieces of silver by the sounds of it.
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Nat's brief but eloquent response has saved me from sending a longer reply. "Responsible" my ears (deliberate typo). Try: greedy, grasping, insensitive, dishonest, manipulative ... Despite challenging domestic/medical circumstances and thanks to help and encouragement from disabled wife and generous friends, I was able for the only time this season to attend a day's play at Chelmsford, the second day of our impressive win over Middlesex - not what I call Essex "sliding into irrelevance".
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Nat's brief but eloquent response has saved me from sending a longer reply. "Responsible" my ears (deliberate typo). Try: greedy, grasping, insensitive, dishonest, manipulative ... Despite challenging domestic/medical circumstances and thanks to help and encouragement from disabled wife and generous friends, I was able for the only time this season to attend a day's play at Chelmsford, the second day of our impressive win over Middlesex - not what I call Essex "sliding into irrelevance".
You just don't get it and that's the problem. Try and look beyond a result on the pitch for once, this is far more important than any win.
Unfortunately, many people won't get the privilege of watching a full-time Essex County Cricket Club in ten years time because we'll have been left to rot at our rotting ground whilst the ECB alongside the eight-to-ten counties who adapted with the times play top level professional red and white ball cricket.
Change is coming whether you like it not, we either react as appropriate or we'll die and no amount of success on the pitch will change that.
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Change is coming whether you like it not, we either react as appropriate or we'll die and no amount of success on the pitch will change that.
I'm all for reacting to a changing world "as appropriate", but I question whether becoming the plaything of a rich foreign owner, with members no longer having any say in the club, is "appropriate".
Once a club goes into private ownership, anything can happen, like the youth development budgets being decimated, prices skyrocketing, first-class cricket being dropped, or even the club being closed down or relocated if it's losing money. Guarantees from new owners are often pretty worthless, even more if a club is sold on.
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The Rajasthan Royals' takeover bid at Yorkshire could trigger a flurry of Indian investment in English cricket with several other IPL franchises seeking to buy shares in the eight Hundred teams.
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Change is coming whether you like it not, we either react as appropriate or we'll die and no amount of success on the pitch will change that.
I'm all for reacting to a changing world "as appropriate", but I question whether becoming the plaything of a rich foreign owner, with members no longer having any say in the club, is "appropriate".
Once a club goes into private ownership, anything can happen, like the youth development budgets being decimated, prices skyrocketing, first-class cricket being dropped, or even the club being closed down or relocated if it's losing money. Guarantees from new owners are often pretty worthless, even more if a club is sold on.
Asset stripping - Bollywood style!
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I've seen what's happened at Northants so no surrender from me.
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Oh I get it all right, and am all for adapting to changing circumstances. But not for 20 pieces of silver and the sort of cast iron assurances we see conveniently (and destructively) shelved in current international politics. I agree with Oldhasbeen's summary and view with distaste the prospect of even YCCC much less Essex becoming a plaything of overseas (or non-cricketing English) paymasters. The win against Middlesex and particularly the large crowd there are themselves part of a bigger picture. Rotting? Well the gents' loo behind the pavilion has remained dire all the decades I have been able to visit the ground. More seriously, nobody would dispute that more money coming into the Club would be welcome but any sources of finance, like those paymasters I mention above, claiming to be "responsible" have to be scrutinized ruthlessly in order to discover just how "appropriate" they actually are. For now I'll forego my twenty pieces of silver and settle for this two bobsworth.
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I'll repeat what I've said before...
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We (members and non-members) should setup a crowd fund for ground improvements. Let's see how much we can raise and go from there.
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I was chatting with a mate a few weeks back and said that I could soon see the day where all cricket in this country would be played by the 8 franchises.
London Spirt : Middlesex and Essex
Oval Invincibles : Surrey and Kent
Southern Brave : Hampshire and Sussex
Northern Superchargers : Yorkshire and Durham
Manchester Originals : Lancashire
Welsh Fire : Glamorgan and Somerset
Trent Rockets : Notts, Leicestershire and Derbys
Birmingham Phoenix : Warks and Worcs
It just leaves Lancashire without a natural partner and Northants and Glos to accommodate although Glos could probably go in to Welsh Fire.
Having read about the Royals looking to buy Yorkshire it seems that this could be the first step of that happening.
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I was chatting with a mate a few weeks back and said that I could soon see the day where all cricket in this country would be played by the 8 franchises.
London Spirt : Middlesex and Essex
Oval Invincibles : Surrey and Kent
Southern Brave : Hampshire and Sussex
Northern Superchargers : Yorkshire and Durham
Manchester Originals : Lancashire
Welsh Fire : Glamorgan and Somerset
Trent Rockets : Notts, Leicestershire and Derbys
Birmingham Phoenix : Warks and Worcs
It just leaves Lancashire without a natural partner and Northants and Glos to accommodate although Glos could probably go in to Welsh Fire.
Having read about the Royals looking to buy Yorkshire it seems that this could be the first step of that happening.
Welcome to the forum Mr Strauss.
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I was chatting with a mate a few weeks back and said that I could soon see the day where all cricket in this country would be played by the 8 franchises.
London Spirt : Middlesex and Essex
Oval Invincibles : Surrey and Kent
Southern Brave : Hampshire and Sussex
Northern Superchargers : Yorkshire and Durham
Manchester Originals : Lancashire
Welsh Fire : Glamorgan and Somerset
Trent Rockets : Notts, Leicestershire and Derbys
Birmingham Phoenix : Warks and Worcs
It just leaves Lancashire without a natural partner and Northants and Glos to accommodate although Glos could probably go in to Welsh Fire.
Having read about the Royals looking to buy Yorkshire it seems that this could be the first step of that happening.
Don't totally agree with that but I can see a first class tournament being created by the E.C.B. to what they perceive to be an upgrade on county cricket. So the county championship will still exist but might effectively be a second grade tournament. So players who have aspirations on playing for England will have to earn their stripes by being picked up from a county and doing the business with a franchise team.
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Yorkshire being sold is not as easy as all that. Yorkshire cannot be sold. They, like all the other counties are bound by the Co-operative and Community Benefit Societies Act 2014. A society (county) would have to convert into a company, which would then become a saleable item, Through an SGM, where at least 50% of ALL members (not just those who turn up to the meeting) must vote on the proposal to sell. Of those 50%, 75% or more must support the proposal. If that is carried then it must be ratified at a further SGM that must be held within 14 days after that. Yorkshire therefore are not up for sale until their members (over half of all of them) vote for the club to be converted into a company. Not easy at all!
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Yorkshire being sold is not as easy as all that. Yorkshire cannot be sold. They, like all the other counties are bound by the Co-operative and Community Benefit Societies Act 2014. A society (county) would have to convert into a company, which would then become a saleable item, Through an SGM, where at least 50% of ALL members (not just those who turn up to the meeting) must vote on the proposal to sell. Of those 50%, 75% or more must support the proposal. If that is carried then it must be ratified at a further SGM that must be held within 14 days after that. Yorkshire therefore are not up for sale until their members (over half of all of them) vote for the club to be converted into a company. Not easy at all!
A 'bribe' can work wonders.
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How much would you sell your membership for ?
Your membership is a share, with a possible franchise offering you let’s say 1k, to vote “ yes” .
Who would consider selling their soul to the devil , and at what price ?
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Don't totally agree with that but I can see a first class tournament being created by the E.C.B. to what they perceive to be an upgrade on county cricket. So the county championship will still exist but might effectively be a second grade tournament. So players who have aspirations on playing for England will have to earn their stripes by being picked up from a county and doing the business with a franchise team.
Since the counties own the grounds, the more realistic scenario (and what I fully expect will happen) is that the 8-10 international ground counties will betray the rest and vote with the ECB to break off. Those counties will play first class (County Championship) and List A cricket (with an amalgamated women's team playing the same competitions) and each will be linked to a Hundred/T20 franchise owned by a private company, who pay their host county handsomely to use the ground for the premier short form tournament. In some cases, said private company may have already purchased said host county (as Rajasthan are attempting with Yorkshire).
That way the ECB and the big 8-10 can claim that County Cricket still exists, but it is perfected dovetailed with the franchise riches. The rest of us though, will see our ECB funding pulled and we'll be forced to cease as a fully professional club, instead demoting ourselves to National County status.
This is the reality, this is the future and this is why Essex's long-term existence firmly depends on either sorting out the ground or finding a new one. We've the catchment area and the fanbase to play and sustain ourselves as a full-time club at the highest level. For starters, we've a bigger fanbase than Hampshire, Glamorgan, Gloucestershire to name just three who would all survive. But we won't be invited to the party whilst our current facilities are of Non-League standard. Sort the ground out, we'll be allowed to join the elite counties and ensure Essex's long-term survival
Those of you who genuinely believe that the international counties (and their respective memberships for that matter) won't stab us in the back at the first time of asking are kidding yourselves.
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How much would you sell your membership for ?
Your membership is a share, with a possible franchise offering you let’s say 1k, to vote “ yes” .
Who would consider selling their soul to the devil , and at what price ?
I don't want a penny to sell my membership. As I said earlier, I would consider any offer that includes a contractual guarantee of either a radical redevelopment of Chelmsford, or a new ground entirely to be fully funded by the buyer (with no cost/debt placed on the club) and to be completed by the end of the decade. Should said redevelopment not be completed or any annual targets not be met in the meantime, then the majority stake of Essex would defer from the buying company back to the membership at no cost. I would want all of that locked down in a watertight contract which protects us financially if things did go balls up.
It would be impossible to crowdfund for the amount of money we need and the only other way to raise such capitals that I can see, (aside from getting into unmanageable debt or winning the Euromillions) is to sell a stake in the club.
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This is the reality, this is the future and this is why Essex's long-term existence firmly depends on either sorting out the ground or finding a new one. We've the catchment area and the fanbase to play and sustain ourselves as a full-time club at the highest level. For starters, we've a bigger fanbase than Hampshire, Glamorgan, Gloucestershire to name just three who would all survive. But we won't be invited to the party whilst our current facilities are of Non-League standard. Sort the ground out, we'll be allowed to join the elite counties and ensure Essex's long-term survival
Those of you who genuinely believe that the international counties (and their respective memberships for that matter) won't stab us in the back at the first time of asking are kidding yourselves.
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Playing first class cricket on the eastern side of the country may be our saving grace? We do need to know what plans are in store for Chelmsford or elsewhere. Also approximately how much it is all going to cost and just as important a time frame from the start of works to completion.
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Yorkshire being sold is not as easy as all that. Yorkshire cannot be sold. They, like all the other counties are bound by the Co-operative and Community Benefit Societies Act 2014. A society (county) would have to convert into a company, which would then become a saleable item, Through an SGM, where at least 50% of ALL members (not just those who turn up to the meeting) must vote on the proposal to sell. Of those 50%, 75% or more must support the proposal. If that is carried then it must be ratified at a further SGM that must be held within 14 days after that. Yorkshire therefore are not up for sale until their members (over half of all of them) vote for the club to be converted into a company. Not easy at all!
A 'bribe' can work wonders.
E.g. make a large "donation" to the Conservative Party, get a seat in the Lords and get a few inconvenient laws changed.
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I would consider any offer that includes a contractual guarantee of either a radical redevelopment of Chelmsford, or a new ground entirely to be fully funded by the buyer (with no cost/debt placed on the club) and to be completed by the end of the decade. Should said redevelopment not be completed or any annual targets not be met in the meantime, then the majority stake of Essex would defer from the buying company back to the membership at no cost. I would want all of that locked down in a watertight contract which protects us financially if things did go balls up.
Could you share some examples of construction deals made with contracts that watertight?
Sounds like a lawyers' paradise to me. Anything goes wrong and it goes to court, Messrs Sue, Grabbit and Runne of Cheapside would be rubbing their hands with joy.
And what would there be to there to stop the company in question doing Lord knows what once it had fulfilled the contract?
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Is the old county ground in Leyton still available? Or is the Olympic stadium big enough for cricket? I mean its not exactly being used much atm...
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Could you share some examples of construction deals made with contracts that watertight?
Sounds like a lawyers' paradise to me. Anything goes wrong and it goes to court, Messrs Sue, Grabbit and Runne of Cheapside would be rubbing their hands with joy.
And what would there be to there to stop the company in question doing Lord knows what once it had fulfilled the contract?
No one would commit the amount of money required to build a new ground if they didn't want to make it a success, especially if those involved were reputable across the world of cricket.
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Allen Stanford anyone?
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Allen Stanford anyone?
Emphasis on 'reputable' here. Let's make something clear, I'm not advocating letting any old crook with a big smile who flashes a briefcase full of money through the door. But I am happy to listen to a person/persons who comes to the table with proven wealth, a bloody good ground plan and business plan, who are more than happy to rock up to Chelmsford and pitch to the members face-to-face, fielding all the difficult questions.
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Allen Stanford anyone?
Emphasis on 'reputable' here. Let's make something clear, I'm not advocating letting any old crook with a big smile who flashes a briefcase full of money through the door. But I am happy to listen to a person/persons who comes to the table with proven wealth, a bloody good ground plan and business plan, who are more than happy to rock up to Chelmsford and pitch to the members face-to-face, fielding all the difficult questions.
That excludes the Saudis then
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Allen Stanford anyone?
Emphasis on 'reputable' here. Let's make something clear, I'm not advocating letting any old crook with a big smile who flashes a briefcase full of money through the door. But I am happy to listen to a person/persons who comes to the table with proven wealth, a bloody good ground plan and business plan, who are more than happy to rock up to Chelmsford and pitch to the members face-to-face, fielding all the difficult questions.
Mathew 19:23-24 — Then Jesus said to His disciples, “Assuredly, I say to you that it is hard for a rich man to enter the kingdom of heaven. And again I say to you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.”
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The best way to become a millionaire, is to be a multi millionaire and buy a Cricket Club.
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Could you share some examples of construction deals made with contracts that watertight?
Sounds like a lawyers' paradise to me. Anything goes wrong and it goes to court, Messrs Sue, Grabbit and Runne of Cheapside would be rubbing their hands with joy.
And what would there be to there to stop the company in question doing Lord knows what once it had fulfilled the contract?
No one would commit the amount of money required to build a new ground if they didn't want to make it a success, especially if those involved were reputable across the world of cricket.
For the VAST majority of big investors, success = making large amounts of money. It there was more money to be made by staging baseball or rock concerts, or purely staging T20 or - god help us - T10 cricket ......
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Could you share some examples of construction deals made with contracts that watertight?
Sounds like a lawyers' paradise to me. Anything goes wrong and it goes to court, Messrs Sue, Grabbit and Runne of Cheapside would be rubbing their hands with joy.
And what would there be to there to stop the company in question doing Lord knows what once it had fulfilled the contract?
No one would commit the amount of money required to build a new ground if they didn't want to make it a success, especially if those involved were reputable across the world of cricket.
For the VAST majority of big investors, success = making large amounts of money. It there was more money to be made by staging baseball or rock concerts, or purely staging T20 or - god help us - T10 cricket ......
Nothing wrong with concerts. Lancashire have managed to balance concerts and cricket for years. It also allows them to take county cricket to Southport and Blackpool. In fact over half the county grounds seem to host concerts across the cricket season these days. Baseball wouldn't be going anyway that doesn't have a minimum capacity of 50k, so you can rule that out.
A new ground would hopefully mean us being awarded a T20/16.4 franchise and all the money that comes with it, which may well in turn lead to the return of out-ground cricket that the majority of members clamour for. I'm sure they'd have no issue funding games at Colchester and Ilford for Essex whilst the Sky Sports mob have their hit and giggle fun at the new place.
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This guy is an agent provocateur. Lanky have not made a success of their OT development…in cricketing terms. Their members are in open revolt.
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This guy is an agent provocateur. Lanky have not made a success of their OT development…in cricketing terms. Their members are in open revolt.
I agree - I have a Lancashire member friend, who was on the committee when they had one, they are fuming!
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This guy is an agent provocateur. Lanky have not made a success of their OT development…in cricketing terms. Their members are in open revolt.
I agree - I have a Lancashire member friend, who was on the committee when they had one, they are fuming!
What’s new? Are they angry about the pitch being churned up by concert goers or the encroachment of the 16.5 onto the county calendar?
Last time I went past OT cc half the ground was a construction site. What the Luftwaffe failed to do in the war…Anyone got the Agent Provocateur album?
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Could you share some examples of construction deals made with contracts that watertight?
Sounds like a lawyers' paradise to me. Anything goes wrong and it goes to court, Messrs Sue, Grabbit and Runne of Cheapside would be rubbing their hands with joy.
And what would there be to there to stop the company in question doing Lord knows what once it had fulfilled the contract?
No one would commit the amount of money required to build a new ground if they didn't want to make it a success, especially if those involved were reputable across the world of cricket.
For the VAST majority of big investors, success = making large amounts of money. It there was more money to be made by staging baseball or rock concerts, or purely staging T20 or - god help us - T10 cricket ......
Nothing wrong with concerts. Lancashire have managed to balance concerts and cricket for years. It also allows them to take county cricket to Southport and Blackpool. In fact over half the county grounds seem to host concerts across the cricket season these days. Baseball wouldn't be going anyway that doesn't have a minimum capacity of 50k, so you can rule that out.
A new ground would hopefully mean us being awarded a T20/16.4 franchise and all the money that comes with it, which may well in turn lead to the return of out-ground cricket that the majority of members clamour for. I'm sure they'd have no issue funding games at Colchester and Ilford for Essex whilst the Sky Sports mob have their hit and giggle fun at the new place.
By the time your theoretical ground is finished, would 16.4 still be around? Who knows?
The concerts/baseball examples are just .. examples. The point is that new owners will, in all probability, be looking to maximise profits, and if something else other than cricket could make more money, they'd certainly be considering it.
And I still wait for you to share some examples of construction deals made with contracts as watertight as you require.
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Could you share some examples of construction deals made with contracts that watertight?
Sounds like a lawyers' paradise to me. Anything goes wrong and it goes to court, Messrs Sue, Grabbit and Runne of Cheapside would be rubbing their hands with joy.
And what would there be to there to stop the company in question doing Lord knows what once it had fulfilled the contract?
No one would commit the amount of money required to build a new ground if they didn't want to make it a success, especially if those involved were reputable across the world of cricket.
For the VAST majority of big investors, success = making large amounts of money. It there was more money to be made by staging baseball or rock concerts, or purely staging T20 or - god help us - T10 cricket ......
Nothing wrong with concerts. Lancashire have managed to balance concerts and cricket for years. It also allows them to take county cricket to Southport and Blackpool. In fact over half the county grounds seem to host concerts across the cricket season these days. Baseball wouldn't be going anyway that doesn't have a minimum capacity of 50k, so you can rule that out.
A new ground would hopefully mean us being awarded a T20/16.4 franchise and all the money that comes with it, which may well in turn lead to the return of out-ground cricket that the majority of members clamour for. I'm sure they'd have no issue funding games at Colchester and Ilford for Essex whilst the Sky Sports mob have their hit and giggle fun at the new place.
By the time your theoretical ground is finished, would 16.4 still be around? Who knows?
The concerts/baseball examples are just .. examples. The point is that new owners will, in all probability, be looking to maximise profits, and if something else other than cricket could make more money, they'd certainly be considering it.
And I still wait for you to share some examples of construction deals made with contracts as watertight as you require.
I'm not a lawyer, why would I have any examples? It's a theory.
And yes the 16.4 will still be around in some shape or form. It's here until 2028 for certain and the competition/teams will have been sold off to private investors long before that deal becomes even close to expiring, which it never will as Sky will simply renew it as they did earlier this year.
I'd go as far as to say Essex's future as a full-time professional cricket club is far less secure than that of the 16.4. Yep, hard to hear but that's the reality at present.
As for Lancashire, they made a £3m profit last year and that will probably rise again this year following an Ashes summer. The reason a few members are pissed off is because they haven't won anything in a few years, mainly due to their awful coach (Chapple) and cricket staff. Yet, they finished runners-ups in three different competitions in 2022. Bet those members wouldn't have been moaning had they won the treble!
They should be grateful that whatever happens, they'll definitely have a full-time county club to support in years to come. Plus as Andy said, that lot could start an argument in an empty room...
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I'm not a lawyer, why would I have any examples? It's a theory.
"Theory?" It's absolute moonshine.
Let me rephrase my question: Can you provide an example of a deal of the type you posit, i.e. the take over of a mutual by an individual or corporation which includes guaranteed delivery of a large-scale construction project by a fixed date with the penalty for failure being that said individual/corporation gives up its shareholding for nothing?
If any such deal existed it would have been big news in the sports world and could be found by searching the web.
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If the block of flats had been been built behind the scoreboard, it would have an example of a slum of the future. Not only would there not have been room to swing a cat, assuming that you were allowed to have one. The traffic noise would be deafening.
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If you look on Rightmove there are a lot of the Century Tower apartments for sale ....
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I have just looked at a two bedroom flat. Service charge and ground rent £4700 p.a. If you are buy to let landlord without a tenant or one that has done a moonlit flit, you are liable as well as paying an ever increasing mortage.
No wonder these are advertised as reduced and no onward chain.
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I have just looked at a two bedroom flat. Service charge and ground rent £4700 p.a. If you are buy to let landlord without a tenant or one that has done a moonlit flit, you are liable as well as paying an ever increasing mortage.
No wonder these are advertised as reduced and no onward chain.
It does include heating .. but very expensive.
I have stayed in one and it was incredibly warm and the balconies aren't to be used.