Pride...and anger (1 Viewer)

Grendel · Jul 14, 2014

dongonzalos said:
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?

I fail to see any company buying an asset that is only worth more when they are in place. That's bonkers.

I still have never seen a concrete argument as to how the Higgs share is worth any money at all to the club. It gives them zilch.

wes_cov · Jul 14, 2014

Grendel said:
The club asked for assistance pre sisu and were told to fuck off

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.

Grendel · Jul 14, 2014

wes_cov said:
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 3 months into the "arrangement" the club advised ACL it was not a financially viable rental arrangement - they were told just to pay it.

sky blue john · Jul 14, 2014

Grendel said:
No 3 months into the "arrangement" the club advised ACL it was not a financially viable rental arrangement - they were told just to pay it.

And your source for this nugget of information ?

Grendel · Jul 14, 2014

sky blue john said:
And your source for this nugget of information ?

It has been discussed numerous times on here. It came from an article by Geoffrey Robinson.

davebart · Jul 14, 2014

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.

dongonzalos · Jul 14, 2014

Grendel said:
I fail to see any company buying an asset that is only worth more when they are in place. That's bonkers.

I still have never seen a concrete argument as to how the Higgs share is worth any money at all to the club. It gives them zilch.

That doesn't answer my question.

Grendel · Jul 14, 2014

dongonzalos said:
That doesn't answer my question.

They pay the lowest value as any business would.

torchomatic · Jul 14, 2014

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.

sky blue john said:
And your source for this nugget of information ?

TakeMeHomeHighfieldRoad · Jul 14, 2014

http://the72.co.uk/9713/coventry-fans-protest-thousands-call-to-bring-city-home/
Hi everyone, if you have a spare couple of minutes, be appreciative if you could indulge my ramblings in an article i wrote for the72.co.uk about the march on Saturday..
Cheers, Pusb

martcov · Jul 15, 2014

Grendel said:
They pay the lowest value as any business would.

Pay?

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