I don't think that the deal stands or falls on the putative land value, or, indeed the developability, of Auchenhowie for housing.
Overall, what is interesting about the takeover proposal is that the principals are
-an investor with ownership/control of very considerable funds, who has a background in health insurance , and
-the investment and development arm of an NFL franchise,
who, at first sight might seem strange bedfellows.
Perhaps, however, there is method in the mix: Cavenaugh gets to share risk, and to share it with a partner vastly experienced in running a sports' business; the 49ers get to share the risk with an investor with considerable financial backing (and, an interest in sports, it would seem).
I don't know who brought whom to the table, but, perhaps, it provides a modicum of comfort that we are not facing ownership/control by some rich guy, bored with cocaine, and looking for a new set of thrills, or seeking merely to asset strip, but with some serious players in the world of sports' business. .
The 49ers do not seem to have fucked about with Leeds United, nor have they developed Elland Road for condominiums. (I am sure we would have found out if they had.) Maybe we should take these as good signs.