Peterborough United chairman says new stadium worth £ 300million over ten years to city and council offering interest-free loan would be “a no-brainer”

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A screening of the new Peterborough United stadium.

The club’s new stadium is still in the planning stages at the moment and no location agreement has been finalized, but the club are adamant that their preferred site is on the quay, close to the site of the new ARU Peterborough campus and Track Athletics.

During a recent fan forum, co-owner Jason Neale described the club’s other options outside of the Embankment as “dark.”

The club are currently exploring ways to fund the potential deal, but are unwilling to commit any additional money to the project at this time as they are unsure if they will receive the green light for their preferred location. Peterborough City Council is currently in the middle of an independent master planning process and the club don’t expect results from it to arrive until at least February.

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A number of opponents have rallied behind the construction of the stadium on the quayside, as have those who are supporting, but MacAnthony sent a message to those opponents, claiming how having the club in the center – city ​​brings to the city as a whole.

He suggested residents would feel it in their pockets if the club that wasn’t there and Peterborough City Council should be ready to offer an interest-free loan, in line with the millions of pounds the club would be returning to the city ​​in return.

Previously, MacAnthony had cited Hull and Swansea as examples of championship clubs he would like to replicate in terms of having their own community stadiums. Speaking on his Hard Truth podcast, MacAnthony said, “” What people who aren’t football fans think is that we don’t pay for club football, we don’t pay for club football, we don’t pay for club football. money in MacAnthony’s pocket, you have to understand that’s not about that. We are already putting millions in your city pocket, so if you live in Peterborough and own a business, our football club helps you do better, especially if you are in the hospitality industry.

“If you have anything to do with the hospitality and tourism industry that comes to Peterborough, the 25+ home games we have a year are making money in your coffers. If the club did not exist, your turnover would decrease every year. Thus, our football club allows millions of pounds of income and expenses to enter the city.

“When you go to a football game, it’s not just the price of your ticket; this is where you park, the gasoline that you put in your car at the local gas station, this is the lunch that you are going to buy on the spot, if you get off and stay a night, you could go see a show the day before and you stay in a hotel or a B&B.

“When people start to worry, ‘why should the board give a loan? Why should the council contribute land? Well a state-of-the-art multipurpose stadium that can not only host 300 events a year and bring thousands of new people to Peterborough would generate millions, we’re talking over £ 20million a year for the city.

“It helps put money in the tax coffers to pay the police, the utilities to keep the roads in good condition, to maintain the infrastructure and if they don’t have all that tax revenue, all the residents. locals would probably pay more municipal taxes, because the books need to be balanced.

“So if the club weren’t there, they would feel it in their pockets.

“It’s called an investment. All city councils should see it this way. That’s why I get annoyed that I didn’t get the land sorted and that I wasn’t offered interest-free loans. Our city has given interest free loans to four star hotel groups, what is the difference?

“Our new stadium would generate hundreds of additional jobs, not to mention the construction industry itself, the tax rates we would then pay, the daily consumption and the money spent in the city itself. same. It is absolutely obvious.

“We estimate that over ten years it was something like £ 300million that would be brought into the city just from this new stadium. So if the council were to give us land and an interest-free loan of around £ 25-30million as a down payment on a £ 60-70million stadium, that’s a huge financial benefit to the city.


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