Do you think SISU should pay the value of the company before they set out to distress it. Or the value today, which I assume will be lower due to SISU's actions?
No they were offered rent on a sliding scale where in league one they would have been on a much lower rent. due to the aspirations of the club to bounce back to the top flight this was rejected.
No they were offered rent on a sliding scale where in league one they would have been on a much lower rent. due to the aspirations of the club to bounce back to the top flight this was rejected.
The problem with the valuation of any football ground is that the possible market is one. Not something most valuers experience when valuing property.
Would other people be interested in buying. Not when the tenant successfully decides whether they are going to pay rent or not. It makes it impossible to value.
It was in an article in the Telegraph. In December 2005 the Club approached ACL asking to renegotiate the rent as the Club could not afford the agreed amount. Not sure what happened and why it the reduction wasn't pursued.