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Doug King Takeover (2 Viewers)

  • Thread starter jackdg
  • Start date Nov 16, 2022
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Deleted member 5849

Guest
  • Feb 10, 2023
  • #6,021
shmmeee said:
It was a cheeky see what happens bid wasn’t it.

Everything would suggest despite the fans opinions the people who actually own the club don’t see the stadium as key unless it’s an absolute bargain.
Click to expand...
I'd have still appreciated him having a think about where we were playing next season and how to go about it before buying the club, though.

You know, reassurance and all that.
 

shmmeee

Well-Known Member
  • Feb 10, 2023
  • #6,022
itsabuzzard said:
You need a pitch to play on.

Sent from my MAR-LX1A using Tapatalk
Click to expand...

And we rent one. That’s exactly my point. Our owners don’t seem to think owning a pitch is anything like as important as fans assume.
 

Senior Vick from Alicante

Well-Known Member
  • Feb 10, 2023
  • #6,023
shmmeee said:
And we rent one. That’s exactly my point. Our owners don’t seem to think owning a pitch is anything like as important as fans assume.
Click to expand...

You can go as far to say whats the point of owning a football ground in modern times, gate receipts at places like Man City and Chelsea have no bearing on what they spend, its the sponsorship and off field activities that need to generate more cash. As a club could we afford to run a stadium that has been loss making? Maybe the "we need our own ground to make money" statements from Sisu were a red herring?
 
Reactions: Calista

clint van damme

Well-Known Member
  • Feb 10, 2023
  • #6,024
Senior Vick from Alicante said:
You can go as far to say whats the point of owning a football ground in modern times, gate receipts at places like Man City and Chelsea have no bearing on what they spend, its the sponsorship and off field activities that need to generate more cash. As a club could we afford to run a stadium that has been loss making? Maybe the "we need our own ground to make money" statements from Sisu were a red herring?
Click to expand...

We're not man city or Chelsea.
Gate receipts have a massive bearing on what we spend.
 

Senior Vick from Alicante

Well-Known Member
  • Feb 10, 2023
  • #6,025
clint van damme said:
We're not man city or Chelsea.
Gate receipts have a massive bearing on what we spend.
Click to expand...
I agree they are, what I am saying is will they be diluted if we have a ground with a mortgage and day to day running costs. 13000 season tickets at the early bird price is £4.5 million, if you negotiate half a million rent a year the rest goes towards improving the squad and servicing wages. Owning the CBS just diminishes that pot its whether Dk wants the money in the playing staff or bricks and mortar. If you have a long lease you have a fixed cost.
 

clint van damme

Well-Known Member
  • Feb 10, 2023
  • #6,026
Senior Vick from Alicante said:
I agree they are, what I am saying is will they be diluted if we have a ground with a mortgage and day to day running costs. 13000 season tickets at the early bird price is £4.5 million, if you negotiate half a million rent a year the rest goes towards improving the squad and servicing wages. Owning the CBS just diminishes that pot its whether Dk wants the money in the playing staff or bricks and mortar. If you have a long lease you have a fixed cost.
Click to expand...

It's a decent point, but what would you consider a long lease?
The ten year one with the insects was too short in my opinion and ultimately wasn't worth the paper it was written on.
 

slowpoke

Well-Known Member
  • Feb 10, 2023
  • #6,027
Tho owners of the stadium were bust, FG saw an opportunity to get it very cheap and moved in, if the sell it on they will p
PUSB-We_are_going_up said:
Dont you have to pay about half a mil a season. Would much rather that spent on the playing squad
Click to expand...
So close the academy down then ?
 

Calista

Well-Known Member
  • Feb 10, 2023
  • #6,028
Senior Vick from Alicante said:
You can go as far to say whats the point of owning a football ground in modern times, gate receipts at places like Man City and Chelsea have no bearing on what they spend, its the sponsorship and off field activities that need to generate more cash. As a club could we afford to run a stadium that has been loss making? Maybe the "we need our own ground to make money" statements from Sisu were a red herring?
Click to expand...
They presented it in terms of CCFC needing to own a stadium as a reliable source of additional income / profit to help fund the football. Neither the Arena nor the pretended new stadium were ever likely to do that, and the transparent agenda was that they wanted to pick up real estate for next to nothing. Having wasted more than a decade of our time distressing first the Council and then Wasps, they have finally given up, having been blown out of the water by the big boys. Maybe retaining the 15% was just a way of reducing the humiliation by making the exit in two steps?
 
Reactions: Incognitocov, nicksar, Senior Vick from Alicante and 1 other person

Senior Vick from Alicante

Well-Known Member
  • Feb 10, 2023
  • #6,029
clint van damme said:
It's a decent point, but what would you consider a long lease?
The ten year one with the insects was too short in my opinion and ultimately wasn't worth the paper it was written on.
Click to expand...
I would try and negotiate a 20 year lease with 4 year break clauses so you can reassess where you are, that way if we reach the promised land you would expect the cost to go up and like wise if you get relegated it can go down. Fraser group would then have a fixed income for there accounts which helps them budget for a fixed period and we have a set cost. They would probably want to insert something if you manged to achieve promotion early but to build the way DK and MR want 4 years seems about right if you are tying players down to longer contracts. I just think that running a stadium like the CBS is a distraction from what we really want which is success on the pitch. Tottenham have one of the nicest stadiums in world football but the fans are still unhappy because they want to see them doing well on the pitch.
 

Senior Vick from Alicante

Well-Known Member
  • Feb 10, 2023
  • #6,030
Calista said:
They presented it in terms of CCFC needing to own a stadium as a reliable source of additional income / profit to help fund the football. Neither the Arena nor the pretended new stadium were ever likely to do that, and the transparent agenda was that they wanted to pick up real estate for next to nothing. Having wasted more than a decade of our time distressing first the Council and then Wasps, they have finally given up, having been blown out of the water by the big boys. Maybe retaining the 15% was just a way of reducing the humiliation by making the exit in two steps?
Click to expand...
Buying a distressed debt means your always going to get a kicking from the big boys at some point. With us they were looking for a quick profit that never arrived, when you are buying something for a quid you aren't bidding against the likes of Fraser Group. One would suggest that you dont have a lot of money in the first place unless you have a consistent record of turning things round for onward sale. The divorce was always going to happen, it just took longer than we all wanted.
 

Nick

Administrator
  • Feb 10, 2023
  • #6,031
Senior Vick from Alicante said:
Buying a distressed debt means your always going to get a kicking from the big boys at some point. With us they were looking for a quick profit that never arrived, when you are buying something for a quid you aren't bidding against the likes of Fraser Group. One would suggest that you dont have a lot of money in the first place unless you have a consistent record of turning things round for onward sale. The divorce was always going to happen, it just took longer than we all wanted.
Click to expand...

Isn't that was Fraser Group specialise in?
 
Reactions: Incognitocov

itsabuzzard

Well-Known Member
  • Feb 10, 2023
  • #6,032
shmmeee said:
And we rent one. That’s exactly my point. Our owners don’t seem to think owning a pitch is anything like as important as fans assume.
Click to expand...
I take your point. Not the way I'd do things though, if I was in the fortunate position of buying the club.

Sent from my MAR-LX1A using Tapatalk
 

PUSB-We_are_going_up

Well-Known Member
  • Feb 10, 2023
  • #6,033
slowpoke said:
Tho owners of the stadium were bust, FG saw an opportunity to get it very cheap and moved in, if the sell it on they will p
So close the academy down then ?
Click to expand...
No, keep it as it is, as I’d rather them play as is than pay a premium for the same football
 

fernandopartridge

Well-Known Member
  • Feb 10, 2023
  • #6,034
shmmeee said:
It was a cheeky see what happens bid wasn’t it.

Everything would suggest despite the fans opinions the people who actually own the club don’t see the stadium as key unless it’s an absolute bargain.
Click to expand...
The club wants / needs the benefits of owning the stadium but those benefits are not exclusive to ownership. Hopefully this means that long term security at the arena is on its way.
 

Senior Vick from Alicante

Well-Known Member
  • Feb 10, 2023
  • #6,035
Nick said:
Isn't that was Fraser Group specialise in?
Click to expand...
Unlike Sisu they Know what theyre doing though Nick.
 

slowpoke

Well-Known Member
  • Feb 10, 2023
  • #6,036
clint van damme said:
It's a decent point, but what would you consider a long lease?
The ten year one with the insects was too short in my opinion and ultimately wasn't worth the paper it was written on.
Click to expand...
My betting is the proposed rent is known, surely one of first things he’d have to know.
 

Grendel

Well-Known Member
  • Feb 10, 2023
  • #6,037
clint van damme said:
It's a decent point, but what would you consider a long lease?
The ten year one with the insects was too short in my opinion and ultimately wasn't worth the paper it was written on.
Click to expand...

it wasn’t even a lease but a licence which was a bonkers idea
 

fernandopartridge

Well-Known Member
  • Feb 10, 2023
  • #6,038
Grendel said:
it wasn’t even a lease but a licence which was a bonkers idea
Click to expand...
As it was back in 2005. The club's owners at that time were idiots too
 
W

wingy

Well-Known Member
  • Feb 10, 2023
  • #6,039
fernandopartridge said:
As it was back in 2005. The club's owners at that time were idiots too
Click to expand...
But the new arrangement was the recent return the original deal with the original owners was different,no?
 

fernandopartridge

Well-Known Member
  • Feb 10, 2023
  • #6,040
wingy said:
But the new arrangement was the recent return the original deal with the original owners was different,no?
Click to expand...
The original deal was a license too, yet one with a ridiculous premium attached. Remember the negotiations in 2012 SISU specifically cited it being a license.
 
Reactions: wingy

Sky_Blue_Dreamer

Well-Known Member
  • Feb 10, 2023
  • #6,041
fernandopartridge said:
The club wants / needs the benefits of owning the stadium but those benefits are not exclusive to ownership. Hopefully this means that long term security at the arena is on its way.
Click to expand...
Which would suggest that the previous owner's insistence upon ownership of the ground was bollocks and had nothing to do with enabling us to generate more income.
 
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