Sale of the Whitehorse Lane end to Sainsbury's in 1980

[wpdavid]

All I have read is that Sainsbury's paid £2 million for the land and that, allegedly, not much (if any) of that found its way into the club's bank account.

As far as anyone here knows, is that correct?

And can anyone provide some more information for me?

Thank in advance.

 

[Badger11]

All I have read is that Sainsbury's paid £2 million for the land and that, allegedly, not much (if any) of that found its way into the club's bank account.

As far as anyone here knows, is that correct?

And can anyone provide some more information for me?

Thank in advance.

From memory previous owner Ray Bloye sold the land for about £1m and took an £800, 000 consultancy fee. Incoming owner Ron Noades sued but lost.

 

[NMPalace]

From memory previous owner Ray Bloye sold the land for about £1m and took an £800, 000 consultancy fee. Incoming owner Ron Noades sued but lost.

Supposedly Raymond Bloye's ownership was from 1972 to 26 January 1981.

I was only young put i came be back after the summer break in 1980 to find the Whitehorse had essentially been sold off. As the 100% owner Bloye essentially pocketed the money. It all went pear shaped on the pitch too from that point onwards so can't see how the two weren't connected. Took us 10 years to recover