Quote Originally Posted by Vindec View Post
Presumably replacement value. However, in one sense the stadium has no value because, if CCFC wanted to sell, it nobody would want it and the land I believe is owned by the County Council.
The valuation in the accounts wont be replacement value it will be market value. I believed that the new stadium and the ground it is built on belong to the club, which is presumably why the whole value of the stadium is included in the accounts. Didn't the Council own the land before but gave it to the club in return for City giving up the lease on Ninian Park, which the Council owned and then sold on for a large sum of money for residential redevelopment. The deal was beneficial to both parties. If the club went bust or relocated there would be a queue of people lining up to buy it. It is a very valuable asset and land values have increased dramatically in Cardiff in the last few years, so the change in value is not surprising.