Quote Originally Posted by Herbert_Chapman's_Zombie View Post
Undoubtedly, even without these factors the old guard knew that the stadium project was going to leave us brassic in the short term. The property collapse meant that the expected revenues from the Highbury square project never materialised. You can pretty much understand in retrospect David Deins outspoken reluctance to move away from Highbury. Even before the rise of the oligarchs it's abundantly clear that the vast amount of money a club generates is not from gate receipts so the Emirates move has not exactly done much for us in terms of finances.
There was NO major property collapse in London. Those with money not trusting the banks to gain any returns from investment during recession/low interest periods would look to property/buy to let markets for investment. The new build properties in London ( depending on area ) continued to thrive during your so called property collapse.