SIMPLE it ain'tHaskell purchases the club off SISU as everyone has a price in return Coventry City Council and Higgs sell their stadium shares to Haskell at preferential rates and also gives Haskell rights to develop land around the stadium - Could this be the reason why Haskell is about at the moment? seems simple but could be true and could be workable
Haskell is after the cheapest possible deal to get hold of the stadium. He's no different from SISU in motivation. He has zero interest in CCFC.
Haskell is after the cheapest possible deal to get hold of the stadium. He's no different from SISU in motivation. He has zero interest in CCFC.
the only simple thing at the moment is timmy.Haskell purchases the club off SISU as everyone has a price in return Coventry City Council and Higgs sell their stadium shares to Haskell at preferential rates and also gives Haskell rights to develop land around the stadium - Could this be the reason why Haskell is about at the moment? seems simple but could be true and could be workable
Opinion posted as fact
I've never stated it was fact but it's an opinion based on fact. He stated that he was only interested in CCFC if he got the club for nothing, i.e. it's a worthless vehicle for his real intention.
I tend to agree but can he be worse than SISU?
Haskell is after the cheapest possible deal to get hold of the stadium. He's no different from SISU in motivation. He has zero interest in CCFC.
Haskell is after the cheapest possible deal to get hold of the stadium. He's no different from SISU in motivation. He has zero interest in CCFC.
Haskell is after the cheapest possible deal to get hold of the stadium. He's no different from SISU in motivation. He has zero interest in CCFC.
This is a valid fear. Whilst I want sisu to go, that doesn't mean I want to replace a finnish shark with a yank shark! If he is here now just for the arena itself, then quite frankly I would tell him to do one! If he is here to eventually bring the team back and invest in the team I would talk. It is so important that this time a thorough check on the typical business practices is taken out.
Joe brought in sisu to prevent admin/liquidation. The last thing we need is to make the same mistakes and end up where we are now!
Opinion rather than fact.
If he bought CCFC without The Ricoh it would be another sinking ship and we'd go through all this again. CCFC are not sustainable in that venue at the rates they were expected to pay, as they got virtually no revenue back. Why would any businessman buy CCFC if they can't ammend those errors made in the past which have left us where we are? Getting hold of the Arena first, as cheap as possible, is better business for him all round otherwise there would never be money to put back into the club should he choose to buy that too.
The 2 key positives for Haskell's bid were:
1) Supporter involvement at board level.
2) Marrying up the club and stadium.
First and foremost the club needs owners that they can work with. From all accounts, Haskell seems to be that person. I actually see his experience in property development more as a positive - any revenue from developement around the stadium could be put into the club > more money to spend on players > success > bigger attendances > more money spent by customers in and around the stadium. It's a upward cycle.
Of course it's all pie in the sky for now.
SIMPLE it ain't
until someone ciomes in with serious money (not the bloody £1 that Hoff & Elliot) are on about OTIUM have
no reason to sell its as simple as that
You can see why you've been bought off by all sorts of platitudes over the years.
Would you like him to get the club crest tattooed onto his nutsack?
If you wanted to sell the stadium as it stands without the football then i would imagine it would be valued at around £150 million - if haskell was offered a deal to own the stadium giving Sisu 30 million, higgs 4 million, and the council 15 million, and then preferential permission to develop around the stadium then haskell will have shelved out in the region of 50 million for something worth £150 million in theory which makes perfect financial sense
Ask yourself why would Tim be involved in football at all, he is a banker by trade dealing in distressed debt so he is in his element and ACL have to protect rate payers money and follow government guidelines. QUOTE]
A 'Banker' you say??:jerkit:
If you wanted to sell the stadium as it stands without the football then i would imagine it would be valued at around £150 million - if haskell was offered a deal to own the stadium giving Sisu 30 million, higgs 4 million, and the council 15 million, and then preferential permission to develop around the stadium then haskell will have shelved out in the region of 50 million for something worth £150 million in theory which makes perfect financial sense
would it be that much? the value of ACL would be based on turnover / P&L. The value of the land itself was quite low wasn't it and as long as a buyer had a long lease would they need the freehold? I believe there's a council report that says the freehold's not actually worth that much as ACL have the lease but the value rises as the time remaining on the lease lowers.
Who's sold a football stadium recently? Fratton Park was £4m when the supporters chased it but that's nothing like a comparable business or ground.
I am valuing the stadium at £150 million as it costs over £120 million to build and has sitting tenants such as casino and hotel and also would have an income stream with the football club- All these parties do pay a lot of money to all of these solicitors and accountants and advisors to think when it is hitting them all in the face the only way SISU are going to move is a reasonable offer - Haskell may not feel SISU are worth £30 million but forget that part of the deal its what he has to shell out overall that counts and £50 million for a stadium worth £150 million should hopefully turn his head
I tend to agree but can he be worse than SISU?
There's only one way to find out!
Won't all the rent from the casino etc go to ACL in which case you're valuing the lease at around 4 times what ACL originally paid for it! Given that there is a lease the value of the freehold wouldn't take into account any income other than from that lease would it which CCC have already had I believe (hence the requirement for ACL to have the Yorkshire Bank load).
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?