It would be interesting to know the value of the lease that Leicester City Fc have paid over to Teachers in the interim 11 yrs and whether their ownership of that lease enabled them to get all revenues the venue generates though all activities .If we assumed the lease was costing around £1m. back to teachers over the 11 yrs ,they have recieved back £28m. with todays £17M. deal.The cost of Construction around 2 yrs prior to CCFC's construction start @£37M. is not a bad place to assess what the Ricoh is possibly worth or cost in terms of actual Construction, over land cleansing ETC.If you take the Ground + Inflation its feasble to say the Ground cost £40 ish M. to build ,add in the Casino ,Atrium and Jaguar hall ,a figure of £50 ish M. is about par. So what would the Ricoh sell for currently if it were for sale ,would £30m. be enough if you were made of the right stuff and trustworthy.There is no significane in the number being £30M. but for the recent speculation that a new build ground Costing £30M would get you around 15K. seats.Finally a question that often occurs to me ,with all the connections within the club at that time and again when we moved in ,how come CCFC had to turn firstly to the council ,then Higgs to bail them out rather than someone from the commercial sector ,like Teachers ,wonder what Leicesters Debt levels were when they got that Bond.
