Getting confused by this, isn't the ~10mil for the 50% share of the profits that the stadium makes but not actually for the stadium itself, I have seen contradicting posts on this and am now not sure what is what and 10mil seems rather cheap.
Working on a basic property valuation method, 6% yield for £1.2mil p.a. Would equate to 19.99mil value for the stadium, so the 10mil for 50% would sound about right. Although other factors as turnover, profits/loss etc can also have an effect.
Hope that helps
Cheers
Is the lease ACL hold (ACL formed by the council remember to operate the lease) subject to the normal landlord and tenant act? Is it a saleable lease? Who precisely owns the shares of ACL? Who is ACL's debt owed to?
Try this dave its all there but torchy has an article somewhere on here that goes more into the feasability ,richardson influence ,obviously fletchers recent artices bring out little bits as well http://cmis.coventry.gov.uk/CMISWebPublic/Binary.ashx?Document=4974Does anyone know the financial breakdown of the initial stadium build? On the costs from I would guess you the actual design work, buying the land, decontamination and then the build itself.
Would be interested to know who put what in? I would imagine, at least initially, all the design costs were by CCFC but from then on I'm not sure. We know the council put some in, did Higgs put anything in and how much was funded in the form of loans?
The value of the stadium is interesting, PF seems to be indicating in the Telegraph that the value of the stadium from day 1 was less than the cost of build which would mean the only way the council will ever make the money back is to have it running at a decent profit every year which doesn't seem to be happening from what is being said at the moment.
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