rubbed off on Birmingham (1 Viewer)

Bugsy · Apr 1, 2021

sky blues are setting trends

Birmingham City: Blues face new 12-year stadium lease deal

Birmingham City face a new ground lease deal after their Hong Kong owners agree to sell their majority share in St Andrew's.

www.bbc.co.uk

Gregbant · Apr 1, 2021

BBC having a slow news day, kinda has a ring to it bugsy of the BBC.

All piss taking aside that article is very interesting 1.25 million rent a year till 2031, did they not have any chats with us when we visited!!!!

edgy · Apr 1, 2021

This was done back in 2019.

wingy · Apr 1, 2021

edgy said:
This was done back in 2019.

Yes but isn't this now in the hands of a new obscure Virgin Islands business ?

Nick · Apr 1, 2021

I dont get it, Blues didn't own it anyway?

Gregbant · Apr 1, 2021

I think it is now that the other two thirds has been sold, blues' rent has shot up to 1.25 million for 10 years.

wingy · Apr 1, 2021

Problems for them I think as it's not a fixed rent/lease , Which will increase within quite a wide parameter should interest rates ever explode again .
Seems an awful lot is eaten up with historic fees and backdated to the point the initial deal was struck .
So if all of the components of the transaction were included the value would £20 odd million ,cash value £10+ million of which they'll see£2 M of working capital.

wingy · Apr 1, 2021

Nick said:
I dont get it, Blues didn't own it anyway?

Parent company did .

wingy · Apr 1, 2021

Gregbant said:
I think it is now that the other two thirds has been sold, blues' rent has shot up to 1.25 million for 10 years.

Yeah and two years have been scooped back straight away prior to this juncture .

shmmeee · Apr 1, 2021

Gregbant said:
BBC having a slow news day, kinda has a ring to it bugsy of the BBC.

All piss taking aside that article is very interesting 1.25 million rent a year till 2031, did they not have any chats with us when we visited!!!!

Birmingham in rent strike and squatting at the Ricoh in 5...4...

Gregbant · Apr 1, 2021

shmmeee said:
Birmingham in rent strike and squatting at the Ricoh in 5...4...

Sky_Blue_Dreamer · Apr 1, 2021

Seeing Birmingham do badly (and potentially save us from relegation in the process) isn't bad but rubbing off to it? Far better things on the internet for that kind of thing if you ask me.

wingy · Apr 1, 2021

I wonder if this is smarter than appears.
Who is now responsible for fixing the reported structural problems at the ground?
Though I doubt for one minute a property Company would fall for a sop .

wingy · Apr 1, 2021

Sky_Blue_Dreamer said:
Seeing Birmingham do badly (and potentially save us from relegation in the process) isn't bad but rubbing off to it? Far better things on the internet for that kind of thing if you ask me.

Haha you didn't fail us, have been waiting.

rubbed off on Birmingham (1 Viewer)

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