Was just coming off the bog! Did SL just say something about SISU would accept a 99 year lease at the Ricoh?
Feel free to delete this thread if it wasn't.
Feel free to delete this thread if it wasn't.
It would mean SISU would buy out ACL's lease and then probably pay extra to extend it.
is that from SISU directly or just SL speculating? Could be a step forward but it would depend what they mean, do they mean a 99 year lease with ACL, if so at what rent / terms, or do they mean replacing ACL as the management company, if so they would almost certainly need to pay £20m (Higgs share and cost of loan) as a minimum. Hopefully its the former and not on some weird terms that make deal unlikely.
hope that's the case, I've said for a while that is the best option all round. if they buy out ACL and council and pay off the loan I don't think anyone would object to them owning the lease at a peppercorn rent. CCC retaining the freehold would give a level of protection against SISU doing something 'dodgy'.
Indeed, this sort of deal would be what most would want. Access to revenues without wasting money on owning a stadium.
sounds like a good scenario, what's stopping it happening right away?
(tongue in cheek) (apologies to Nick, RFC and all other sixfields attendees)
Its a win win. The freehold becomes more valuable with a long term lease as does the football club.
Is it noted anywhere exactly what he said? This seems like a big breakthrough if it's as being reported by SL so seems a bit odd everyone missed it so hoping it's not CWR getting the wrong end of the stick.
In CJ's first post on this thread.
http://www.skybluestalk.co.uk/threads/39920-Shareholder-s-meeting
Do you mean this (CJs first post doesn't say anything about it):
That reads to me more that SISU expect the council to wind ACL up, which I'm not sure it's in their power to do, and issue a new lease to SISU, possibly for free. What it would really need is SISU to bid for ACL with an agreement with CCC that once they take over the lease will be altered.
Can someone that was there clarify or better still can our esteemed local press get hold of someone and push for some details on it.
That reads to me more that SISU expect the council to wind ACL up, which I'm not sure it's in their power to do, and issue a new lease to SISU, possibly for free. What it would really need is SISU to bid for ACL with an agreement with CCC that once they take over the lease will be altered.
Can someone that was there clarify or better still can our esteemed local press get hold of someone and push for some details on it.
I'd guess Les Reid may have put something in the CT about It ,but It was odd that nothing got reported about he meeting for 2-3 days afterwards and It was low key.
I did think it was odd that this was not siezed upon by anyone/everyone. I remember thinking at the time that perhaps this was the target for SISU, the freehold being thier starting position. You don't start by asking for what you really want right? There's nowhere to go from there!
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Obviously this can't be the case. TF said that the Ricoh ship had sailed, that only full ownership was an option, that they were pressing ahead with a new stadium. Do you mean to tell me this was all lies and brinkmanship?
What would it mean for Sisu to have a 99 year old lease?
Guess it would show they were not committed or dedicated enough to commit for the full 100 years.
Would prove once and for all that they were not in it for the long haul.
a 99year lease in the clubs name (cant keep up with which sisu company that is these days) at the right price has to be the best option for both our club and the local council, whether its the best option for joys investors is another question and that will be the sticking point going forward.
spot on, while it would be great for everyone else its hard to see how SISU could ever hope to make £60m plus back that they claim to have already invested along with the additional cost of purchasing the freehold. even with the club and the stadium rejoined and if we managed to get back in the prem without losing much more money I would doubt anyone would pay that much for the club.
i guess it would mean we are either stuck with sisu for 99years or it wont happen.
Get the 99 year lease ( with the right terms)
Get the club into the championship
Get within striking distance of the prem.
You have a saleable asset again. One that would probably return their investment and some on top.
Far more likely way of making a profit
Than buying the Ricoh
Or
Building a stadium
Hopefully SISU will see the light.
Get the club into the championship
Get within striking distance of the prem.
You have a saleable asset again. One that would probably return their investment and some on top.
Far more likely way of making a profit
Than buying the Ricoh
Or
Building a stadium
Hopefully SISU will see the light.
I must admit that I had not heard of this prior to SL saying it today but don't think that it has legs. Can you really see the Council expecting Shitzu to pay the rent!
wouldn't need to worry about that if it was a peppercorn rent. can't imagine the rent would be much more than that if SISU purchased 100% of ACL and paid off the loan.
It wouldnt mean that at all, it would mean SISU would have something to sell. We'd be shot of them a lot sooner IMO.
Only if they could sell for an awful lot more than they could buy it for, why would the seller sell so cheaply if it was worth more?
Take your point Dave but I really can't see it being a peppercorn. If it is that would some climb down by the Council and possibly a dereliction of their public duty. I would however be happy with the compromise but then my only concern is for the future of my club.
Because this particular seller is only too aware that SISU will not fook off until they have something to sell at a profit and it would be in the sellers interest to have the club at the Ricoh when it is eventuallty sold.