Another question for PWKH

Discussion in 'Coventry City General Chat' started by BrisbaneBronco, Mar 19, 2013.

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  1. BrisbaneBronco

    BrisbaneBronco Member

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    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
     
  2. Diehard Si

    Diehard Si New Member

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

    BrisbaneBronco Member

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    Agreed, but no harm in asking
     
  4. PWKH

    PWKH New Member

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    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.
     
  5. fernandopartridge

    fernandopartridge Well-Known Member

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    Another shrewd move by Coventry City Council
     
  6. Godiva

    Godiva Well-Known Member

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

    Wrenstreetcarpark New Member

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    where do the Council feature here?
     
  8. fernandopartridge

    fernandopartridge Well-Known Member

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

    Wrenstreetcarpark New Member

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    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?
     
    Last edited: Mar 19, 2013
  10. lordsummerisle

    lordsummerisle Well-Known Member

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    Wasn't it a knoll?
     
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  11. skybluesam66

    skybluesam66 Well-Known Member

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    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
     
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  12. Paxman II

    Paxman II Well-Known Member

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    ....they still would pay rent though.
     
  13. Gray

    Gray Well-Known Member

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

    torchomatic Well-Known Member

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

     
  15. hamil99

    hamil99 Facebook User

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    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!
     
  16. blueflint

    blueflint Well-Known Member

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    and you forgot the buffalo order
     
  17. Jack Griffin

    Jack Griffin Active Member

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    And the Queen
    [​IMG]
     
  18. fernandopartridge

    fernandopartridge Well-Known Member

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    What was it you were saying?
     
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  19. Nick

    Nick Administrator

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

    [​IMG]
     
  20. better days

    better days Well-Known Member

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    And NATO and the EU.....
     
  21. stevefloyd

    stevefloyd Well-Known Member

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    And Brexit now too
     
  22. Ricketts

    Ricketts Well-Known Member

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    What is the record for a resurrected thread?
     

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