Both sides are spinning like a very spinning thing at the moment - but surely those numbers are plucked out of his arse?
The current lease has 33 years to run & the Council are (allegedly) asking for £1m p.a. on a 250-year extension... but suddenly they're willing to sell the freehold for 10 years' worth (or 40 years' worth, at current rent)? If it's true, we should be snapping their hands off - but if it's true, it also explains why the Council's finances are in such shit order; from their perspective, that's an absolutely terrible deal.
From the club's, we'd be talking finally acquiring the land for less than an Omobamidele. [I like Andy O, but no-brainer].
There's a strong smell of BS around here...