Tuesday 8 November 2011

Premier League property market littered with pitfalls - The National

Premier League property market littered with pitfalls - The National

Tony Fernandes, the likeable owner of Queens Park Rangers, should think twice about moving his club from their home at Loftus Road to some newly built venue.

Business plans involving purpose-built stadiums always sound good. However, English football is littered with cautionary tales of people who have upped sticks, then discovered the grass is not necessarily greener - even when it has been grown to order.

Take Southampton. They were an established top-flight side when they played at The Dell, their quirky old ground which, like QPR's Loftus Road, was inhibited from expansion by nearby roads.

The vision of a bright new future prompted a move to St Mary's Stadium in 2001, but their subsequent decline almost led to the abyss.

What was lost by the move was atmosphere which is crucial in a football, rather than financial, sense.

The Dell was always a difficult place for away teams to get points because the home fans were almost on top of the players.

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