Mark Labo Interview (7 Viewers)
- Thread starter RoboCCFC90
- Start date
italiahorse
Well-Known Member
Sisu need to get it cheap package it up with CCFC and sell at a profit.
CCC can't sell it cheap because some Euro rule will be compromised.
Some independent valuation should take place, but I would guess its nearer CCCs than Sisus, so we start again.
bigfatronssba
Well-Known Member
Who are these pro-sisu posters?
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RFC, Andreasb, Gregogee
stupot07
Well-Known Member
I agree the best outcome would be for ccfc to own ACL (with long lease extended to at least 100 years) and buyout compass share of the catering so they in effect own the whole shebang and access to all the revenues.
I'm not an accountants so I don't know what impact also owning be freehold (or a new stadium) would have on the balance sheet.
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Mary_Mungo_Midge
Well-Known Member
I agree the best outcome would be for ccfc to own ACL (with long lease extended to at least 100 years) and buyout compass share of the catering so they in effect own the whole shebang and access to all the revenues.
I'm not an accountants so I don't know what impact also owning be freehold (or a new stadium) would have on the balance sheet.
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Ownership of a stadium would put an asset in the balance sheet and strenghthen it. Problem is, a loan would counter it with a liability. In the long, long term, the loan gets repaid and reduces in value, so the liability reduces. The asset hopefully rises in value and strengthens the asset element.
Increasing assets and reducing liabilities strengthen the balance sheet and keep folk like OSB happy.
But. That model pertains to a long term ownership model, which I don't honestly believe relates to SISU's association with the club
stupot07
Well-Known Member
On the flip side, a long leasehold is also going to cost a lot of money - ACL paid £21m for 50 years, and they had to take a loan out for that. 100 years plus will probably cost at least x2 that, then you add the costs of buying out ACL, then compass - seem to remember Gibney (?) saying that they would have to pay £20m to get access to matchday F&B's. You start adding all the costs together and comes to a lot of money. A loan/mortgage will be needed regardless of whether they buy the freehold, ACL/extended leasehold or build a new stadium.
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dongonzalos
Well-Known Member
On the flip side, a long leasehold is also going to cost a lot of money - ACL paid £21m for 50 years, and they had to take a loan out for that. 100 years plus will probably cost at least x2 that, then you add the costs of buying out ACL, then compass - seem to remember Gibney (?) saying that they would have to pay £20m to get access to matchday F&B's. You start adding all the costs together and comes to a lot of money. A loan/mortgage will be needed regardless of whether they buy the freehold, ACL/extended leasehold or build a new stadium.
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But I would rather a loan to own the Ricoh and all the potential for extra revenue
Than a loan on a gamble to hopefully if nothing goes wrong build a far inferior stadium outside of Coventry. With less fans and less revenue creating potential.
Borrow the same amount this will cost and say to the Council and the Higgs Charity we have borrowed 50 million.
We want ACL, the 99 year lease and the full F&B.
Instead of all this posturing crap.
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I agree the best outcome would be for ccfc to own ACL (with long lease extended to at least 100 years) and buyout compass share of the catering so they in effect own the whole shebang and access to all the revenues.
Yes, but SISUE want the development land as well and they would have to pay full value for the catering. (Would be a lot less than building a tin pot stadium though?)
Mary_Mungo_Midge
Well-Known Member
True. But think on. The ACL business is a known model. Easy to value and easy to borrow against as it's there and expanding. The Compass one would be trickier; but they will the been impacted by recent events. My guess would be an offer to them of a value for their contract, or building a new stadium and them getting nothing with regards football income would get them to the table. It's using a distressed situation to secure a deal, which is slightly distasteful, but we know SISU are capable of such, huh?
So, yes, there would be borrowing; built against known income. Compare that with borrowing to build a new stadium, with unknown revenues. Let's face it, Fisher was out by three-fold with regards projected gates at Sixfields. The number who would turn up at Dreamland Arena would be absolute guesswork.
If the values of both scenarios - the ACL/Compass/Ricoh deal against Fisher's Fantasy Bowl - were similar, and both would need borrowing of some sort; there really, really is only one sensible option
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He's referred to here.
dongonzalos
Well-Known Member
Labowitch........
Bloody hell SISU certainly knew how to employ them
Bloody hell SISU certainly knew how to employ them
D
Deleted member 5849
Guest
I'm guessing there's context...
dongonzalos
Well-Known Member
The name Gregogee popped up on another thread posting some docs.
However it shows him as having no posting history. So he is getting called a plant by conspiracy theorist king Grendel.