but is'nt the Valley and the training ground "Green Belt"so cannot be sold for housing etc.
If so I'm presuming any land value to Zabeel would be worthless(for housing etc).
Incidently I heard last night that the takeover is almost a certainty(from a decent source,no names just in case)unless something goes seriously tits up.
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However, like everything else nowadays, i'm sure with a council onside there are ways these covenants can be got around if it was to the benefit of all interested parties.
Like finding out that the Valley and training ground are greenbelt and cannot be built on?
Nice one Ray!
It was a joke mate, pretty funny as well.
Agreed though, I'm sure it can be changed if the Council say so.
There's 'probably' (meaning I don't really know...!) a Covenant on the deeds of the ground expressly forbidding residential development also.
Covenants can be overturned but often results in a court hearing to do so - and can just as easily be refused.