Grendel
Well-Known Member
Because its now worth fuck all
So lets assume you had a new mansion built at a cost of £5 million pounds, and you paid £4.5 million up front and took a mortgage out for £500,000.
You then decide to sell said property--would your asking price be 500,000 and if not why not.
Because its now worth fuck all
Is that because Labour's got in and introduced a mansion tax, or the HS2 track goes through the driveway?
It's because the only thing that makes it worth anything has left the building.
If the council constructed a ground from scratch and sought to attract tenants do you think they would offer revenues as an inducement to be a tenant?
Exactly right Robo, if you want to own something it makes sense to table a bid to buy it! I suspect CCC would want the loan paid off as, with their track record for paying things on time, I can't imagine they will be happy being reliant on SISU making payments.
As I have said all along what the Club should do (either Joy Seppala/Tim Fisher) is organise a meeting to discuss a purchase of ACL, extend the meeting invitation to the Director of ACL, Anne Lucas and the senior figures at the AEHC.
The Club tell them that based on the Court's rulings ACL is worth £10.8M, however as a gesture of good will, plus payments of monies owed previously we will pay £11.5M.
Leave the ball firmly in the other park.
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ACL is not worth anywhere near that surely without the football club? Is that also including taking on the loan?
ACL is not worth anywhere near that surely without the football club? Is that also including taking on the loan?
ACL is not worth anywhere near that surely without the football club? Is that also including taking on the loan?
According to Italia that was the figure quoted in Court.
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Minimum of £10.8M.
He also referenced that the loan was almost certainly higher than the value but dismissed this because it is a long term investment.
Based on what and where does it say that?
As I have said all along what the Club should do (either Joy Seppala/Tim Fisher) is organise a meeting to discuss a purchase of ACL, extend the meeting invitation to the Director of ACL, Anne Lucas and the senior figures at the AEHC.
The Club tell them that based on the Court's rulings ACL is worth £10.8M, however as a gesture of good will, plus payments of monies owed previously we will pay £11.5M.
Leave the ball firmly in the other park.
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You would think that sisu will turn a profit on this straight away too. IIRC the £ 10.8M figure that the judge quoted was based on ACL without the club, if sisu paid somewhere nearer the latter figure you suggest the moment the club return ACL's value will go up and if sisu was really clever they could try and negotiate an extention to the lease within the purchase again ACL's value go's up.
Hasn't this been sisu's plan all along?
Surely build cost doesn't matter, it should be some sort of valuation of here and now.
I doubt houses built in the 70's cost 150k to build but sell for that.
So they invest £40M in the club to get hold of ACL cheap and make £5M profit when they bring the club back?
Could be more if they can get an extention to the lease. I dont pretend to know what the figures could be but there is no doubt that with the club back the value of ACL goes up, if they get an extention on the lease ACL's value goes up, if the clubs home and enjoying the revenue streams how much of this would need to go into the team to push for promotion? if the team goes up a league ccfc's value goes up.
To me its a no brainer but to sisu and their investors its probably not enough and theats the real problem at our club.
Kinda getting your arguments mixed up there mate. You're right, property tends to increase in value, especially commercial property right next to the M6 corridor when HS2 is planned to stop nearby.
£100k in revenue over a 23 game + season? For all food and drink bought in matchday?What revenue streams are people expecting the club to get?
The football related ones add up to about £100k, not sure that'd cover a promotion push (maybe from the conference). And anyway, they'd be far less than that now as the crowds would be far less.
£100k in revenue over a 23 game + season? For all food and drink bought in matchday?
That's less than £5k a match.
£100k in revenue over a 23 game + season? For all food and drink bought in matchday?
That's less than £5k a match.
£100k in revenue over a 23 game + season? For all food and drink bought in matchday?
That's less than £5k a match.
Fair point.Have you tasted the shite they used to sell there? I'd say sometimes £5k a match for night games etc would be good.
If the price has gone up, then the price has gone upI have never said they should get it for free, just a fair price! I have always thought fair would be 3 independent valuations and get an average!
Ahhhh. It's profits you mean not revenue. In fairness in respect of FFP £1m is not an insignificant sum.
What would sisu have to sell at the end? That's where we are. There is nothing tangible to sell so it's a no deal. (But no real reason why a temporary return couldn't be agreed)Yes profits sorry I misspoke.
In terms of FFP it's not, but we'd still have to find that actual cash from somewhere, most likely the owners. Can you see that happening?
My point still stands: the Ricoh at £9.50 average ticket cost and 6k fans makes more money than the entire revenue (right word this time) of Sixfields plus the F&B revenue from last season at the Ricoh.
If that makes sense.
Note: I'm not commenting on a long term solution compared to owning our own ground. Just the next few years Sixfields vs Ricoh.
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