The council dont NEED to do anything, that's the whole point.
Its sisu/ccfc that NEED a stadium, they should be the ones to get the ball rolling.
I tell you what, that question is a great tool to get pro-Sisu posters out of a thread.
I think I'm up to 5 separate people I've asked directly for an explanation and they're never to be seen again!
Who are these pro-sisu posters?
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I would really, really like to see an answer to this - someone please give it to me.
It appears to me the best compromise situation would be for CCFC to have a long lease, with access to all revenues - by perhaps buying/merging with ACL to unite incomes; and CCC playing a role in a settled negotiation with Compass for the balance of the catering contract. With the club united with the incomes of ACL and Compass; what's the necessity for a new stadium, or the freehold at the Ricoh?
Someone tell me please......
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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The problem with this is that is sisu would have to pay market value, and it would take an age if ever to get there money backI 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.
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
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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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.
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.
RFC, Andreasb, Gregogee
He's referred to here.
The name Gregogee popped up on another thread posting some docs.I'm guessing there's context...
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