Another question for PWKH (1 Viewer)

[BrisbaneBronco]

You mentioned in your reply about an agreed formula for buying a stake in the stadium.
Could you explain this formula and what the actual cost of purchase would be.

Thankyou

 

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[Diehard Si]

As interesting as that would be to know, that doesn't sound like something he would want to publically disclose.

 

[BrisbaneBronco]

As interesting as that would be to know, that doesn't sound like something he would want to publically disclose.

Agreed, but no harm in asking

 

[PWKH]

There is indeed no harm in asking. The purchase price paid by the Charity is well known: £6.5m. The formula within the Option Agreement is commercial in confidence, both parties, the AEHC and CCFC are bound by the Agreement not to disclose the detail. I don't think it would be out of order if I said that 75% of the price would be based on the original purchase price plus interest and the remaining 25% on the value of ACL. Further than that I cannot go.

 

[fernandopartridge]

There is indeed no harm in asking. The purchase price paid by the Charity is well known: £6.5m. The formula within the Option Agreement is commercial in confidence, both parties, the AEHC and CCFC are bound by the Agreement not to disclose the detail. I don't think it would be out of order if I said that 75% of the price would be based on the original purchase price plus interest and the remaining 25% on the value of ACL. Further than that I cannot go.

Another shrewd move by Coventry City Council

 

[Godiva]

There is indeed no harm in asking. The purchase price paid by the Charity is well known: £6.5m. The formula within the Option Agreement is commercial in confidence, both parties, the AEHC and CCFC are bound by the Agreement not to disclose the detail. I don't think it would be out of order if I said that 75% of the price would be based on the original purchase price plus interest and the remaining 25% on the value of ACL. Further than that I cannot go.

So not too far from the guesstimated £10m ...

 

[Wrenstreetcarpark]

Another shrewd move by Coventry City Council

where do the Council feature here?

 

[fernandopartridge]

where do the Council feature here?

Because they can pull the strings in the background without ever being exposed to the level of scrutiny they usually would.

 

[Wrenstreetcarpark]

You have forgotten the Freemasons, Combat 88, Opus Dei, Al Qaeda...

they must be in there somewhere

oh and John Clarke, there must be a sinister reason why he resigned, maybe he has gone undercover disguised as Sky Blue Sam (not the slim version though).

FP is you life full of paranoid delusions and conspiracy theories,

I think it was onye on the grassy mound and Fisher on a motorbike in the tunnel... what do you think?

 

[lordsummerisle]

You have forgotten the Freemasons, Combat 88, Opus Dei, Al Qaeda...

they must be in there somewhere

oh and John Clarke, there must be a sinister reason why he resigned, maybe he has gone undercover disguised as Sky Blue Sam (not the slim version though).

FP is you life full of paranoid delusions and conspiracy theories,

I think it was onye on the grassy mound and Fisher on a motorbike in the tunnel... what do you think?

Wasn't it a knoll?

 

[skybluesam66]

so 75% x 6.5m + 2% compound interest for8 years = 5.7m
25% of value of acl (value 10m max) = 2.5m

so unless they are fleecing ccfc - which as a charity higgs should not be doing, the purchase price should be no more than 8.2m

So if CCFC would have bought this 8 years ago - they would have already paid for it, with the amount of rent that has changed hands

 

[Paxman II]

....they still would pay rent though.

 

[Gray]

....they still would pay rent though.

would they though? If it was a 50/50 split between CCFC and ACL then would everything be split down the middle?

 

[torchomatic]

Yes, an 80/20 split down the middle in ACLs' favour.

then would everything be split down the middle?

 

[hamil99]

would they though? If it was a 50/50 split between CCFC and ACL then would everything be split down the middle?

That's wat I thought, profits and costs shared. I guess if it was sisu owning the stadium they could still rent it to ccfc instead of letting us play there for free. Having thier cake and eating it too!

 

[blueflint]

You have forgotten the Freemasons, Combat 88, Opus Dei, Al Qaeda...

they must be in there somewhere

oh and John Clarke, there must be a sinister reason why he resigned, maybe he has gone undercover disguised as Sky Blue Sam (not the slim version though).

FP is you life full of paranoid delusions and conspiracy theories,

I think it was onye on the grassy mound and Fisher on a motorbike in the tunnel... what do you think?

and you forgot the buffalo order

 

[Jack Griffin]

And the Queen

 

[fernandopartridge]

You have forgotten the Freemasons, Combat 88, Opus Dei, Al Qaeda...

they must be in there somewhere

oh and John Clarke, there must be a sinister reason why he resigned, maybe he has gone undercover disguised as Sky Blue Sam (not the slim version though).

FP is you life full of paranoid delusions and conspiracy theories,

I think it was onye on the grassy mound and Fisher on a motorbike in the tunnel... what do you think?

What was it you were saying?

 

[Nick]

Careful, there's a family of lawyers who you wouldn't like angry.

 

[better days]

And the Queen

And NATO and the EU.....

 

[stevefloyd]

And NATO and the EU.....

And Brexit now too

 

[Ricketts]

What is the record for a resurrected thread?