Re: Thames Club accounts for 2019

By Arthur27/1/2021 13:47Wed Jan 27 13:47:23 2021In response to Re: Thames Club accounts for 2019

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Undoubtedly there are certain parties who would like to develop any freehold they have, not just in Wheatsheaf Park (Eltham springs immediately to mind), to the detriment of the local community. This is why the Chairman's offer to buy the freehold at Wheatsheaf Park for its current commercial value has yet to be accepted. It may be that the are prepared to wait and take the gamble of land prices increasing and sell that land for development. They are ignoring the current effects of global warming in Staines with the increase in localised flooding in the area. We have lost an increasing number of home games in recent years to flooding - and sadly this is likely to become worse. The owners are taking a punt. It must be remembered that the owners of the land are the Thames Club, with increasing losses, 2020 likely to be a disastrous year with the gym not operating because of the pandemic ......Someone certainly seems to be willing to take a punt on the freehold property for something other than existing use. It should be noted that in 2015 the Thames Club increased its share capital at a significant premium. This has been gradually eroded by losses and those losses are increasing. Perhaps someone knows who it is who is controlling the Thames club to take the gamble on a change of use for the freehold.

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