PPRuNe Forums - View Single Post - Is RACWA on finals? YOU WERE WARNED!!
View Single Post
Old 30th Dec 2010, 23:03
  #278 (permalink)  
Iflyjad
 
Join Date: Dec 2010
Location: Perth Australia
Posts: 19
Likes: 0
Received 0 Likes on 0 Posts
I agree with you AirSic

It's time to move forward and leave the past in the past.

It seems to me that Murrayfield is the only real option for mending the financial woes of the club. Given the state if the market it may be difficult to sell at this time for a sensible price. I have seen a lot not too far away from Murrayfield that is on the market for $5m - not sure of the zoning and I think it is a larger parcel - but I haven't seen any offers. I would prefer it if an option could be pursued where Murrayfield is not entirely sold off but perhaps a parcel is leased to a developer (eg JV) so that some longer term revenue stream is secured. Off course this won't fix the short term cash problem and any deal will take time to work out particularly given the depressed state of the market - so a fire-sale it may have to be.

Hopefully the new committee has made some progress and will report soon.
Iflyjad is offline