Mike Ashley (9 Viewers)

[JulianDarbyFTW]

This is how AI thinks it'll look if he takes over.

 

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[Grendel]

I’ve no idea if the sublease has a ‘54 exemption - otherwise it’s down to security of Tenure. Not easy to evict

There’s a break clause - oh and wasps refused to allow a renewal when that contract ended - seriously

 

[The Philosopher]

There’s a break clause - oh and wasps refused to allow a renewal when that contract ended - seriously

Which contract?

 

[wingy]

There’s a break clause - oh and wasps refused to allow a renewal when that contract ended - seriously

You think that maybe was to encourage us to ask for 20 or more before committing?

 

[The Philosopher]

Depends on lease length. 5/7/10 year leases have better protection than year-to-year.

 

[Grendel]

Depends on lease length. 5/7/10 year leases have better protection than year-to-year.

They don’t - the club can for a start exit at 5 years

Oh and google Dave Boddy and the last time he did a 10 year lease

 

[The Philosopher]

They don’t - the club can for a start exit at 5 years

Oh and google Dave Boddy and the last time he did a 10 year lease

Club can - landlord different rules but this is 10 not 5.

I’ll Google Boddy.

 

[Grendel]

Club can - landlord different rules but this is 10 not 5.

I’ll Google Boddy.

It’s utter nonsense

 

[Grendel]

Double the price

Exiles director says current Rodney Parade deal is 'not viable'

DIRECTOR Kevin Ward has warned that it is “not viable” for Newport County AFC to continue to play at Rodney Parade unless changes are made to…

www.southwalesargus.co.uk

 

[The Philosopher]

Go on. I’ve Googled it. 3 year lease at Newport.

Your point?

 

[Cov kid 55]

A bit like the Glazers (without the initial loading of debt). Ashley made a good profit every year out of Newcastle, which he trousered. He was never that bothered about where the club finished, as long as they stayed in the PL. The fans quickly got frustrated with that approach, and saw that he had no intention to realise the fans' ambitions.

I was talking to a Newcastle fan the other day, and mentioned that we have had very little investment in the team for many years. He said, tell me about it, it was awful when Ashley was at the toon. . I asked him how much they had spent on Joelinton during Ashley’s watch - £40milion!! He was a bit sheepish when I explained we’d gone around 20 years not spending £1million on a player. The geordies always evidence an unrealistic entitlement to be the best team in the land, and are/were never satisfied. I’m not sure how bad Ashley actually was. Looks like the geordie boat has now come in…..

 

[Brighton Sky Blue]

I was talking to a Newcastle fan the other day, and mentioned that we have had very little investment in the team for many years. He said, tell me about it, it was awful when Ashley was at the toon. . I asked him how much they had spent on Joelinton during Ashley’s watch - £40milion!! He was a bit sheepish when I explained we’d gone around 20 years not spending £1million on a player. The geordies always evidence an unrealistic entitlement to be the best team in the land, and are/were never satisfied. I’m not sure how bad Ashley actually was. Looks like the geordie boat has now come in…..

He spent £135 million to get the club, and then about another £100 million to sort the club's finances afterwards. Despite that when the fans made it clear they wanted him gone he immediately put them up for sale and did again several times. He made mistakes with who he put in charge of running the club, but the idea he was some kind of tight arse doesn't stand the scrutiny

 

[The Philosopher]

Double the price

Exiles director says current Rodney Parade deal is 'not viable'

DIRECTOR Kevin Ward has warned that it is “not viable” for Newport County AFC to continue to play at Rodney Parade unless changes are made to…

www.southwalesargus.co.uk

Ok.

At the end of 10 years the landlord asked for double.

Ave house price 2012 Jan = £165k
Ave house price 2022 Jan = £274k

(Source:Statista)

Commercial property increased more I believe.

Rents rise in line.

Other factors.

I’m not sure I’m getting your point?

 

[The Philosopher]

And this is where commercial rent arbitration kicks in.

It’ll be hard, but not impossible to put the rent up or refuse new terms.

You can’t just kick à tenant out if they’ve paid rent on time on a long term lease. Even when it expires.

 

[Brighton Sky Blue]

And this is where commercial rent arbitration kicks in.

It’ll be hard, but not impossible to put the rent up or refuse new terms.

You can’t just kick à tenant out if they’ve paid rent on time on a long term lease. Even when it expires.

What? If it's expired what right does the tenant still have to stay?

 

[bawtryneal]

I hate him and all he stands for. I’d be mortified if he came anywhere near. I’d rather be league 2


Sent from my iPhone using Tapatalk

What does he stand for ?
Please enlighten.

 

[bawtryneal]

Fair response. I do avoid Amazon and others but you're right, we are all buying from vile companies. I think it's all moot anyway because SISU probably won't sell...

Shock horror..... business man runs company to make profit for shareholders.
If you don't like it don't buy shares and don't work there !!! Simple.

 

[alexccfc99]

I was talking to a Newcastle fan the other day, and mentioned that we have had very little investment in the team for many years. He said, tell me about it, it was awful when Ashley was at the toon. . I asked him how much they had spent on Joelinton during Ashley’s watch - £40milion!! He was a bit sheepish when I explained we’d gone around 20 years not spending £1million on a player. The geordies always evidence an unrealistic entitlement to be the best team in the land, and are/were never satisfied. I’m not sure how bad Ashley actually was. Looks like the geordie boat has now come in…..

I’d say they are probably more than satisfied at the current moment…

 

[Nuskyblue]

What does he stand for ?
Please enlighten.

"Quality" goods at low, low prices.

 

[Brighton Sky Blue]

I’d say they are probably more than satisfied at the current moment…

And it required even more wealth than Ashley has to provide it

 

[The Philosopher]

What? If it's expired what right does the tenant still have to stay?

Security of tenure.

Landlord must offer equivalent terms or go to arbitration (like a tribunal)

Squatters rights for business if you like.

 

[alexccfc99]

What does he stand for ?
Please enlighten.

He is a dick let’s be honest, his shops are a glorified car boot sale, the staff are treated like dirt

but then again I couldn’t name any billionaire who has got plenty of morals about them

 

[The Philosopher]

He is a dick let’s be honest, his shops are a glorified car boot sale, the staff are treated like dirt

but then again I couldn’t name any billionaire who has got plenty of morals about them

Donald Trump

Oh hang on. Wrong forum

 

[shmmeee]

"Quality" goods at low, low prices.

Like Dom Hyam?

 

[alexccfc99]

And it required even more wealth than Ashley has to provide it

Ashley wasn’t really putting much in, everyone pinpoints the Joelinton signing, which only ever happened because Ayoze Perez was sold to Leicester

The side that romped the Championship in 16/17 was funded through the sales of Gini Wijnaldum and Moussa Sissoko

The narrative he was some highly generous benefactor who was given a rough deal by ‘deluded geordies’ is a load of rubbish

 

[CCFC_Irish]

This is playing out like the movie "The Founder"

You have the two brothers (SISU) who came up with the idea of McDonalds (CCFC) but you have Ray Kroc (Ashley) who owns all the property and without the property McDonalds cannot function so Kroc gives the brothers some money so he can have it to himself.

I think MA has given SISU an offer to consider but nothing public.

 

[Brighton Sky Blue]

Ashley wasn’t really putting much in, everyone pinpoints the Joelinton signing, which only ever happened because Ayoze Perez was sold to Leicester

The side that romped the Championship in 16/17 was funded through the sales of Gini Wijnaldum and Moussa Sissoko

The narrative he was some highly generous benefactor who was given a rough deal by ‘deluded geordies’ is a load of rubbish

Net transfer spend of £180 million, Ashley himself with £235 million spent acquiring the club and sorting its debts. And as above, when they wanted him out he tried to sell it several times

 

[The Philosopher]

This is playing out like the movie "The Founder"

You have the two brothers (SISU) who came up with the idea of McDonalds (CCFC) but you have Ray Kroc (Ashley) who owns all the property and without the property McDonalds cannot function so Kroc gives the brothers some money so he can have it to himself.

I think MA has given SISU an offer to consider but nothing public.

Inside knowledge of an offer or a guess?

 

[CCFC_Irish]

Inside knowledge of an offer or a guess?

Best guess unfortunately.

 

[oldskyblue58]

Is it a secure tenancy ? Or is it a licence? Or a mix of both? We don't know. Are the lease termination rules applicable who knows

Looking at it logically an owner of the stadium would want the football club to be there a lot longer than the next 8 years. No point charging an unaffordable rent if that's the objective we all know where that leads.

If current owners of ccfc still here in 8 yes then they will either have shown evidence of or built own stadium (unlikely) or will need to commit to cbs. That commitment doesn't mean that they have to pay above market rates to be there, especially if there is a good relationship. I doubt they will still be owners by then and club & stadium will have the same ownership

Think we have more pressing things to worry about to be honest

 

[stevefloyd]

Much Better than what we've got , and looking the only viable option to a better more stable future

We aren't as big as Newcastle, our aspirations are not on the same level, we'd be happy to just play at anfield again

Fuckin hell didn't you have enough of Northampton and Brum now you want to go even further

 

[HuckerbyDublinWhelan]

He is a dick let’s be honest, his shops are a glorified car boot sale, the staff are treated like dirt

but then again I couldn’t name any billionaire who has got plenty of morals about them

Have you worked in retail? That’s not limited to Sport Direct

 

[Grendel]

Have you worked in retail? That’s not limited to Sport Direct

appearing in front of a parliamentary select committee is pretty unique

 

[Deleted member 5849]

As a small aside, I do wish we could stop abbreviating to MA. I keep thinking Mickey Adams is the new owner of the Arena!

 

[The Philosopher]

Is it a secure tenancy ? Or is it a licence? Or a mix of both? We don't know. Are the lease termination rules applicable who knows

Looking at it logically an owner of the stadium would want the football club to be there a lot longer than the next 8 years. No point charging an unaffordable rent if that's the objective we all know where that leads.

If current owners of ccfc still here in 8 yes then they will either have shown evidence of or built own stadium (unlikely) or will need to commit to cbs. That commitment doesn't mean that they have to pay above market rates to be there, especially if there is a good relationship. I doubt they will still be owners by then and club & stadium will have the same ownership

Think we have more pressing things to worry about to be honest

I’d like to think that at the time of signing the lease, Wasps had most certainly begun to feel the pinch and forecast the problems that they had ahead.

Getting CCFC back in, the CBS naming rights and the revenue that that could bring was important to Wasps. It would also most likely have been important to HSBC (who were looking a financing Wasps) that as many “steady” revenue streams were available as possible.

CCFC were at the time in a position where they had something valuable to bring to the table and as such were in a position to have negotiated something in their favour.

Just deduced speculation.