IF WE GET A THUMPING TONIGHT

[The Lone Gunman]

Re: IF WE GET A THUMPING TONIGHT

We own our stadium don't we? That alone will put the price up

I've always been puzzled by the stadium situation. The club owns it, so it's considered a major financial asset. However, the land on which it is built is owned by the council (the club pays a peppercorn rent) and I'm certain there are stipulations which mean the stadium can only ever be used as a sports venue. Therefore, I've never understood why the stadium is considered so valuable. After all, it's not as if it could be sold for housing or any other development.

[Dorcus]

Re: IF WE GET A THUMPING TONIGHT

No because no one will buy us

It probably depends on the price. Tan's valuation may very well be way over the top to interest quality investors who are just biding their time until he sells at a discount.

In any case the cheaper they can buy is more advantageous to us because it could mean more money will be available for the huge reconstruction needed.

[DubaiDai]

Re: IF WE GET A THUMPING TONIGHT

Waiter?

Surely he will be our next manager :hehe:

[Dave Blue]

Re: IF WE GET A THUMPING TONIGHT

I think tonight is irrelevant. It's beat Boro or bust really.

[Rjk]

Re: IF WE GET A THUMPING TONIGHT

I've always been puzzled by the stadium situation. The club owns it, so it's considered a major financial asset. However, the land on which it is built is owned by the council (the club pays a peppercorn rent) and I'm certain there are stipulations which mean the stadium can only ever be used as a sports venue. Therefore, I've never understood why the stadium is considered so valuable. After all, it's not as if it could be sold for housing or any other development.

It can't be used for housing, but that doesn't mean it has no value. If another team wanted to buy the stadium from us how much would we want for it? OK this is a very hypothetical scenario as the Cardiff Blues could almost fit their crowd into Taffs Well's ground, but let's say a rich sheik is financing a UK based NFL franchise, and they want a ground to buy, how much would it be worthwhile for us to sell? quite a lot I'd imagine

[Ninian1962]

Re: IF WE GET A THUMPING TONIGHT

I've always been puzzled by the stadium situation. The club owns it, so it's considered a major financial asset. However, the land on which it is built is owned by the council (the club pays a peppercorn rent) and I'm certain there are stipulations which mean the stadium can only ever be used as a sports venue. Therefore, I've never understood why the stadium is considered so valuable. After all, it's not as if it could be sold for housing or any other development.

The value of the stadium to a potential new owner is the cost avoided of building a similar new modern stadium. I think the rent currently being paid to the Council as landlords under the long lease held is about £350k p.a. which is pretty cheap but is meant to reflect a payment for having been effectively given the land on which the stadium stands and also the money the club was allowed to have from the sale of Ninian Park.
You are quite right of course to say that the stadium only has a value to someone using it for sports purposes due to the restrictive covenant put on it.

[Jimmy the Jock]

Re: IF WE GET A THUMPING TONIGHT

It can't be used for housing, but that doesn't mean it has no value. If another team wanted to buy the stadium from us how much would we want for it? OK this is a very hypothetical scenario as the Cardiff Blues could almost fit their crowd into Taffs Well's ground, but let's say a rich sheik is financing a UK based NFL franchise, and they want a ground to buy, how much would it be worthwhile for us to sell? quite a lot I'd imagine

Needed a few more verys.
Imaginative though.