mrtickle
Member
But not owning the stadium makes us far less attractive to decent owners.
But not owning the stadium makes us far less attractive to decent owners..
I think that the club should own a long lease on the Arena but to prevent the new owners from selling the ground the freehold should stay with the council. That way the new club owners can't do something sneaky like have two similar sounding companies and switch the freehold from one to another and then put that company into admin etc.
No it doesn't. A long 99 year transferable lease is the next best thing to freehold! You can't use the bricks and mortar to raise capital so there is a layer of protection there also. They can raise against their lease value but not without Council (the freeholders consent) or that can be can be a clause not permitting it.
Basically they would attract all the investors they wanted to develop land and facilities and have all the sub leases from hotel to casino. They would rake it in in the name of the football club.
The council get a percentage back on top of a fair rent and they would get a premium from the new owners buying the new 99 year lease while still maintaining ownership of the freehold. A win win for the taxpayer and not a freebie for a new owner who would pay a handsome but not extortionate price for that lease. Council are free as it should be and the football club will thrive. The likes of Compass and others would negotiate their sub leases with the main lease holder (CCFC). With a 99 year lease the football club would even be able to put money in to facilities (with landlord consent) and not ask the council to pay for them. A full repairing and insuring lease in which the council merely must keep the general condition of the stadium (roof etc) in good order.
The question is why is ACL and the council dragging their feet on this now we have come to a head? Is it so difficult for people to get a grip and get on with it? Too many make mountains out of molehills in this country.
jan would the Trust be against such a fantastic proposal? I see why anyone should be.
Someone please correct me if I'm wrong but doesn't the option to buy the Charity share in ACL rest with CCFC ltd and CCFC Holdings has nothing to do with this anymore? I wish we knew what rests with each subsidiary and where the Golden share really is.
Due to slander, defamation and libel I shall not name names but I have had the miss fortune of dealing with a certain individual who may or may not have been mentioned in this thread, or a similar thread, or a completely different thread, but if they said it was raining, I would have to go out and check for myself.
A 99 year lease is more than a lifetime. It's as long as since the Titanic sunk almost!
Council get a premium maybe £35 - £40m covering more than the cost put in and paying off ACL's loans and dismantling that company for good.
Now CCFC get the Ricoh and say 50% the land development rights and earnings from it. They must match the other 50% developers cost. When all that's done what's the potential earnings for CCFC? ACL alreadt make some £5m they say and we are talking that and the land and the bigger promotion value the club would be involved in, with more concerts, maybe even some other events at the Ricoh in other sports. They would increase the income twice fold and then their own match day incomes and we are looking at some £15 year already without the land development and added income streams that will bring.
They get sole rights over all that the Ricoh does from conferencing, concerts, casino's bars, hotels etc either The worlds their oyster.
The rent will reflect this but they will be earning huge amounts. Maybe say £2m a year and when the land is developed double that.
Then when we get to the premier league that will seem nothing. We'll have full hoses tripling match day income at least. Incremental increases will be standard.
Well at least something like that should transpire.
You get SISU out by buying them off. What price SISU to leave the party now? £10m, £15m? £20m? If the council get £45m for a 99 year lease they can more than cover the payoff.
Yes it's all more complex than it sounds but in theory plausible.
An interesting read....
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