Leicesters stadium (3 Viewers)

[skybluetony176]

What more facilities does it have? I think they could easily fit a casino in of they wanted.

Also I believe they are hosting the 2015 rugby World Cup. I'm not sure I'm sure MMM will confirm. The Ricoh I believe lost out on it. If this is the case the Leicester arena is clearly more superior so worth more as a sporting arena? No?

Or it could be that Leicester is traditionally a Rugby town rather than a football town unlike Coventry and the decision acknowledges that.

 

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[Grendel]

Or it could be that Leicester is traditionally a Rugby town rather than a football town unlike Coventry and the decision acknowledges that.

Is milton Keynes a traditional rugby town?

 

[Rusty Trombone]

Copied from Wikipedia.

Ownership[edit]
The £37 million cost of the new stadium, combined with relegation from the Premiership, the collapse of the English transfer market due to the introduction of the transfer window and the collapse of ITV Digital meant that Leicester went into receivership shortly after moving to the new stadium. Birse Construction who had built the stadium therefore lost a large part of their fee, and they withdrew from any further football ground construction. The main losers from this were, ironically, Leicester's local rivals Coventry City, who were in negotiations with Birse to build their own new stadium.
As part of the deal which brought the club out of receivership, the ownership of the stadium reverted to American company Teachers Insurance, who had supplied £28 million via a bond scheme towards the stadium's construction, with the club taking a long-term lease while the bond repayments were made.
On 1 March 2013, Leicester City's Thai owners King Power bought the ground through their company K Power Holdings Co, Ltd.[1]

 

[Rusty Trombone]

Is milton Keynes a traditional rugby town?

It's not really traditionally anything, it's only really been around since the late 60's, after various towns and villages were merged together. The forward thinking of it's planners has meant that it has grown much bigger, and some would say better, than the more traditional Bedford etc where their planners still like to refuse most planning applications.

 

[Grendel]

Copied from Wikipedia.

Ownership[edit]
The £37 million cost of the new stadium, combined with relegation from the Premiership, the collapse of the English transfer market due to the introduction of the transfer window and the collapse of ITV Digital meant that Leicester went into receivership shortly after moving to the new stadium. Birse Construction who had built the stadium therefore lost a large part of their fee, and they withdrew from any further football ground construction. The main losers from this were, ironically, Leicester's local rivals Coventry City, who were in negotiations with Birse to build their own new stadium.
As part of the deal which brought the club out of receivership, the ownership of the stadium reverted to American company Teachers Insurance, who had supplied £28 million via a bond scheme towards the stadium's construction, with the club taking a long-term lease while the bond repayments were made.
On 1 March 2013, Leicester City's Thai owners King Power bought the ground through their company K Power Holdings Co, Ltd.[1]

So they paid about 60% of the cost to developer. After the sale of land to Tescos for £60 million can someone remind me how much the ckubcik paid and what is 60% of what the council paid?

 

[lewys33]

So they paid about 60% of the cost to developer. After the sale of land to Tescos for £60 million can someone remind me how much the ckubcik paid and what is 60% of what the council paid?

its not £4-6 million is it. If the going rate is 60% of the construction costs im off to buy myself a house from the 50's tomorrow.

 

[Rusty Trombone]

It would be interesting to know how much King Power paid for the stadium, but it would appear to be kept secret. King Power also appear to be slightly less than ethical owners, I don't know whether I'd be happy to have such owners whilst doing well in the Championship, but sadly I suspect I wouldn't care.

 

[letsallsingtogether]

I work in incester and our Xmas party was held there on a first come basis, as they could not accommodate all of us I for one passed it is held in there corperate area which is about the same size as the Ricoh.
They do not have a hotel and do not have a conference hall that holds thousands oh and the parking is minimal.
So yes it must be better then the Ricoh.

If its just a stadium how does it hold weddings, several conferences, has held Thai boxing is in the verge of getting permission to host 12 outdoor concerts a year and has an extensive list if non related football events over the Christmas period including a strictly come dancing event and parties? Are they all on the pitch?

 

[letsallsingtogether]

Doesn't matter how much CCC put in CCFC put in nothing as they sold out after selling the only asset they had to developers (Highfield Road) and they say you have to own the ground? well the last time we owned one we ended 60 mill in Debt and sold out to a hedge fund. Oh and we used to get the Tea and biscuit money as well?


Look and the end of the day doesn't matter what they paid for it back then, the thing is what you have to pay now?

It was always going to be worth more after it was built that is how it works not rocket science really.

So they paid about 60% of the cost to developer. After the sale of land to Tescos for £60 million can someone remind me how much the ckubcik paid and what is 60% of what the council paid?

 

[Grendel]

Doesn't matter how much CCC put in CCFC put in nothing as they sold out after selling the only asset they had to developers (Highfield Road) and they say you have to own the ground? well the last time we owned one we ended 60 mill in Debt and sold out to a hedge fund. Oh and we used to get the Tea and biscuit money as well?


Look and the end of the day doesn't matter what they paid for it back then, the thing is what you have to pay now?

It was always going to be worth more after it was built that is how it works not rocket science really.

The Leicester stadium attract less than the build costs but is clearly more attractive now as a venue.

Without the football club its worth nothing.

 

[Grendel]

I work in incester and our Xmas party was held there on a first come basis, as they could not accommodate all of us I for one passed it is held in there corperate area which is about the same size as the Ricoh.
They do not have a hotel and do not have a conference hall that holds thousands oh and the parking is minimal.
So yes it must be better then the Ricoh.

Oh we all have stories like that. I have attended conferences at the Ricoh and it is a truly dreadful souless experience.

Out of interest why do you care about an ugly lump of concrete in Foleshill anyway. What is the obsession?

 

[letsallsingtogether]

Only because they never paid full price on the build costs the builders went bust.
They were the first to go into admin and lost no points. All that followed have lost points to stop them doing the same. But some owners just don't care...

The Leicester stadium attract less than the build costs but is clearly more attractive now as a venue.

Without the football club its worth nothing.

 

[letsallsingtogether]

Because it was our home. And no matter how much you hate it other fans were impressed with it.
The real problem is why do you have such a hatred for it and CCC and ACl don't come out with that rent shit come on what is your problem

Oh we all have stories like that. I have attended conferences at the Ricoh and it is a truly dreadful souless experience.

Out of interest why do you care about an ugly lump of concrete in Foleshill anyway. What is the obsession?

 

[Steve.B50]

Oh we all have stories like that. I have attended conferences at the Ricoh and it is a truly dreadful souless experience.

Out of interest why do you care about an ugly lump of concrete in Foleshill anyway. What is the obsession?

What a load of rubbish Grendel
I have also been to a few conferences and exhibitions and its one of the best places we have used. I am proud of the Ricoh Arena. When I travel around the Country I enjoy the compliments we get when the Arena is mentioned, not often about the football but the facilities generally. That lump of concrete has put something in our City that we have never had, a venue that can be used for many things.

 

[Grendel]

Because it was our home. And no matter how much you hate it other fans were impressed with it.
The real problem is why do you have such a hatred for it and CCC and ACl don't come out with that rent shit come on what is your problem

No supporter loves the ground especially when they don't own it. It is irrelvant and its worth and corporate value versus another stadium is totally irrelevant. 90% of the public of Coventry have never been in it and without the club that would be 95% at least. Its no more a community asset that the Herbert Art Gallery or the Motor Museam - more people of a non footballing persuasion visit there than the Ricoh.

 

[Grendel]

What a load of rubbish Grendel
I have also been to a few conferences and exhibitions and its one of the best places we have used. I am proud of the Ricoh Arena. When I travel around the Country I enjoy the compliments we get when the Arena is mentioned, not often about the football but the facilities generally. That lump of concrete has put something in our City that we have never had, a venue that can be used for many things.

Sorry but my company no longer uses it - we actually pay more for facilities elsewhere and we no longer use the hotel for visiting delegates. Coventry people never go there.

 

[Nick]

I don't think most local people have a need to go there unless it's a one off at the casino or they have a habit.

I wouldn't say it did much for the community in a community spirit kind of way.

 

[No future with SISU]

It would be interesting to know how much King Power paid for the stadium, but it would appear to be kept secret. King Power also appear to be slightly less than ethical owners, I don't know whether I'd be happy to have such owners whilst doing well in the Championship, but sadly I suspect I wouldn't care.

They took over the morage from the insurance company that leicester owed £17m to. Now leicester pay to a new company, they still do not own the stadium.

 

[grego_gee]

So they paid about 60% of the cost to developer. After the sale of land to Tescos for £60 million can someone remind me how much the ckubcik paid and what is 60% of what the council paid?

the club paid just less than £2m, the council paid £10m
£60m from Tescos, £21m sale of lease to ACL, £10m grants, £6m Isle of Capri for the Casino, £5m expected from sale of residual land.

 

[sly_old_fox]

Only because they never paid full price on the build costs the builders went bust.
They were the first to go into admin and lost no points. All that followed have lost points to stop them doing the same. But some owners just don't care...

I can understand peoples 'anger' at Leicester 'getting away' with no points deduction, but that was the rule at the time. Also bear in mind, Leicester finished 12 points ahead of 3rd placed Sheffield Utd

 

[letsallsingtogether]

Fair comment foxy,
Not really getting at you just that I work with Leicester fans who actually appreciated our ground more then some of our own supporters, who would rather see us play in Northampton and then build another ground away from the City.

I can understand peoples 'anger' at Leicester 'getting away' with no points deduction, but that was the rule at the time. Also bear in mind, Leicester finished 12 points ahead of 3rd placed Sheffield Utd

 

[letsallsingtogether]

So will the new one?
Employs hundreds of locals same as any football ground in the country with are solely there for the football fans, Well they might as well knock it down and we stay in Northampton, as we have lost most of ours.

I don't think most local people have a need to go there unless it's a one off at the casino or they have a habit.

I wouldn't say it did much for the community in a community spirit kind of way.

 

[pusbccfc]

The fact I managed to watch an Olympic event in Coventry was massive to me.

 

[chiefdave]

Coventry people never go there.

So we're told the Ricoh is a healthily business with lots of visitors yet Grendel tells us people from Coventry never go there. That's excellent news then as it means all of those attending the Ricoh are from out of town and bringing money into the local economy that wouldn't otherwise have been spent here.

Whatever you think of CCC or ACL or the atmosphere on match days you can't really argue that there have been a number of large events that there was pretty much zero chance of taking place in Cov before the Ricoh was built, how is that not a good thing?

 

[Moff]

The fact I managed to watch an Olympic event in Coventry was massive to me.

I admire your thoughts on it, but I am the complete opposite. I am not really interested in the Ricoh unless we play there.

 

[shmmeee]

So they paid about 60% of the cost to developer. After the sale of land to Tescos for £60 million can someone remind me how much the ckubcik paid and what is 60% of what the council paid?

I love this logic. The £60m doesn't count because they sold some land to get it. I'll just put an offer in for your house less the value of your last place shall I? Considering money made from sale of assets doesn't count to value?

 

[shmmeee]

Sorry but my company no longer uses it - we actually pay more for facilities elsewhere and we no longer use the hotel for visiting delegates. Coventry people never go there.

Well as we're playing anecdotal evidence: I was at a conference there a few months back and my best mate and his wife go to the casino at least once a week.

Ergo it must be used by everyone and lots of Coventrians.

 

[Nick]

my best mate and his wife go to the casino at least once a week.

They go for the free coffee too? Much cheaper than starbucks! I know their game!

 

[chiefdave]

I admire your thoughts on it, but I am the complete opposite. I am not really interested in the Ricoh unless we play there.

How many people went to see Take That / Bon Jovi / tennis / snooker etc that have never been to a Coventry game? Works both ways and there's a definite argument to be made that the Ricoh is for more than just football fans.

 

[CJ_covblaze]

Depends on what kind of money you are making from the casein and hotel, they probably have long leases and fixed rent so you won't make much from them. The only bit that can generate decent income is the exhibition hall.

In a way the freehold of the Ricoh is pretty worthless, ACL have already paid 50 years rent up front, so no more income except selling land for another 42 years.




Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors

IIRC the hotel is not leased. It's a franchise that is owned by ACL. With regards to Asset of Community Value status the entire site qualifies. This includes the arena bowl, casino, hotel, conferencing suites, Jag Hall and car parks. It can also include the 'leisure land' too.

 

[Astute]

No supporter loves the ground especially when they don't own it. It is irrelvant and its worth and corporate value versus another stadium is totally irrelevant. 90% of the public of Coventry have never been in it and without the club that would be 95% at least. Its no more a community asset that the Herbert Art Gallery or the Motor Museam - more people of a non footballing persuasion visit there than the Ricoh.

I suppose that makes Old Trafford worthless as they have mainly glory supporters that don't live in Manchester.

So you agree with the SISUE logic of taking our club to Northampton? Take our club away so the Ricoh is almost worthless as no football club plays there so they should get it for next to nothing. The money from Tesco's that went towards the build shouldn't count as it wasn't money put towards bailing our club out?

Yet you expect credibility for your posts?

 

[Astute]

IIRC the hotel is not leased. It's a franchise that is owned by ACL. With regards to Asset of Community Value status the entire site qualifies. This includes the arena bowl, casino, hotel, conferencing suites, Jag Hall and car parks. It can also include the 'leisure land' too.

And is all almost worthless because Grendull says so

 

[SkyBlueBlood]

I think if SISU offered £17mill for the Ricoh it would be a start!

They would rather spend £17m on legal fees to try and get everything foc

 

[skybluetony176]

Is milton Keynes a traditional rugby town?

Don't prove yourself to be stupid grendull. You know perfectly well that there aren't too many Rugby clubs around with capacity to host a world cup match in the UK and as with any host nation the game's are spread around the country. MK is a central location, Birmingham is the UK's 2nd city so the Vile is the obvious choice and Leicester beat Coventry as a location because of it being a Rugby city. Leicester Tigers home ground is too small, hence the football club got it. Simple, just like you.

 

[Grendel]

Don't prove yourself to be stupid grendull. You know perfectly well that there aren't too many Rugby clubs around with capacity to host a world cup match in the UK and as with any host nation the game's are spread around the country. MK is a central location, Birmingham is the UK's 2nd city so the Vile is the obvious choice and Leicester beat Coventry as a location because of it being a Rugby city. Leicester Tigers home ground is too small, hence the football club got it. Simple, just like you.

Which rugby club plays at Brighton?

Has that been picked because of its central location?