T
true sky blue
Guest
just answer which one you would do
buy the Ricoh for £70 million - or build new stadium for £35 - 45 million (2 Viewers)
Otis
Well-Known Member
Might start off as a 30m - 45m stadium, but you can bound sure it will end up costing substantially more.
Sent from my KIS using Tapatalk 2
Voice_of_Reason
Well-Known Member
No Brainer -- the Ricoh, as it has extra revenue streams from other events/conferences/ has a Hotel/Casino and a much better long -term investment. Hypothetical question anyway as £70 mil price tag is guess work.
Have you won Euro -Millions ?
If You Were SISU??
By the way they have only committed to spend £20-30M.
Maybe they're a 'plant' and have realised it's going to cost more. It's crazy on here at the minute, it's like 'divide and conquer'.
OP: I don't thnk the Ricoh is worth 70m, but for the Club it's better to be there however, they need to own it and this isn't going to happen whilst SISU are here IMO.
torchomatic
Well-Known Member
Is that the revenue streams CCFC don't get access to?
Sent from my Galaxy S4 using Tapatalk 2
SkyBlueCharlie
Well-Known Member
Repetition, repetition, repetition...bloody boring!
DazzleTommyDazzle
Well-Known Member
Presumably we would have access if we bought it (as set out in the question).
Or do you think that SISU are so stupid that they'd buy it, but not get access to them?
T
true sky blue
Guest
the cost to build the ricoh was £113 million. its now an established business in many areas but runs at a loss. its a fair estimate that the value of the arena and ground (the ground opposite to the ricoh is the money spinner dont forget) £70m is about right
shropshirecov
New Member
Catering has been sold by ACL to compass. How many more times
BBSB
New Member
The £113 milion was for the total development of the BG site not cost of the building the stadium.
Tesco paid £40+ mil for their huge chunk of the land.
There was also millions in govenment grants to clear up the contaminated site.
Add the fact that ACL have a 50 year lease and have already sold long leases, for the
casino / hotel / catering, the Ricoh has very little real value.
lordsummerisle
Well-Known Member
Well kind of, 25% of the company that gets the revenue anyway I think.
The Reverend Skyblue
Well-Known Member
Lets add another 35-45 million to our 70 million debt, and still not own a single blade of grass in it , great idea Einstein
bigfatronssba
Well-Known Member
J
Jack Griffin
Guest
Yeah, £59M was paid to the council for the land because it was the council that had bought the land from British Gas for £13M-18M.
Then the council invested all the money from they got from selling it on to Tesco into the stadium build, they didn't trouser it, they used the profit to pay for the arena.
So that was a council investment..
