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Haskell Deal (1 Viewer)

  • Thread starter covboy1987
  • Start date Aug 12, 2013
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kmj5000

Member
  • Aug 12, 2013
  • #36
covboy1987 said:
I am valuing the stadium at £150 million as it costs over £120 million to build and has sitting tenants such as casino and hotel and also would have an income stream with the football club- All these parties do pay a lot of money to all of these solicitors and accountants and advisors to think when it is hitting them all in the face the only way SISU are going to move is a reasonable offer - Haskell may not feel SISU are worth £30 million but forget that part of the deal its what he has to shell out overall that counts and £50 million for a stadium worth £150 million should hopefully turn his head
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The fact that it cost £120m to build doesn't then make it worth £150m does it? The amount that it's worth to an investor depends upon the amount of annual income it can potentially generate and we don't know what that is do we?

You can't just pluck capial values out of the air and say there's lots of sitting tenants!
 
Last edited: Aug 12, 2013

lordsummerisle

Well-Known Member
  • Aug 12, 2013
  • #37
kmj5000 said:
The fact that it cost £120m to build doesn't then make it worth £150m does it? The amount that it's worth to an investor depends upon the amount of annual income it can potentially generate and we don't know what that is do we?

You can't just pluck capial values out of the air and say there's lots of sitting tenants!
Click to expand...

I thought it cost £80m to build anyway according to the Building costs report from the council on completion?
 

chiefdave

Well-Known Member
  • Aug 12, 2013
  • #38
Assuming you talking about buying everything Higgs will just want out what they put in and be glad to be out of it I'd think. From the council point of view the starting point would be paying off the loan and then covering whatever they've put in to the project. Anything from there up to market value (assuming market value is higher than their initial investment) is the area you're negotiating in.

Anyone work in commercial property and be able to give a rough valuation?
 
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