In respect of Question 3

he seems to be saying that the view that the moneys to build the South Stand would be directly generated from other real estate is overly simplistic, and maybe it is, but that was his own description of how the project was to be funded expressed on the club's official website so I don't think it is unfair of anyone to rely on that.
But that doesn't alter the fact that prior to the construction of the South Stand it was the club's view that none of the money to finance the project needed to be borrowed, but in the event it was all borrowed. That simply doesn't look like sound management to me.
Neither do the reasons given: that the club seriously under- estimated the costs of development and therefore didn't profit as much as anticipated; and that the club spent moneys it had not received and got caught out when they were never received. It's not obvious that any of that was sound management either.

The trouble is that problems take years to fully emerge - years ago (probably 2002) I moaned about the level cronyism at the club - specifically the London-based property consultant who was used in calculating the development potential of the land- a job that Doncaster now seems to be suggesting was botched. His name was Tim (I think) Collins - and who knows who he is?

Posted By: The King of Prussia, Oct 4, 19:12:57

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