What are you talking about?
Common sense will tell you its worth more than £6.4M.
So is ACL effectively the lease? So to sell the lease they would be selling ACL?
The problem is that there are more parts to buy in the Ricoh which are not being discussed. It is being made out as if it as simple as a house sale.
It is not that clear which part that valuation refered too. The only solution is a new valuation based on a purchase of all parts. I am betting it will be more than £6.4m
Then again lets all pretend it is as simple as Mr Reid makes out. That way there is still a flicker of hope that they could do a deal.
With your house Nick it would be like me having your garden valued and then offering that as the price of the house.
Did Haskell make a bid for CCFC to SISU? Did Hoffman actually make a serious bid also?
Not Walkers.Packet of crisps?
Dont pretend to be stupid Joy offered less than 5 million for the Ricoh but is willing to spend 25 to 30 million on a new stadium to her getting the Ricoh for 5 to 6 million would be getting it for free
Just as a for instance many properties that are let are valued as a multiple of the annual rents it receives ...... multiples can be 10 or 12 times. We know at the time CCFC were paying 1.3m but how much were the casino and hotel paying? say it was 500k (i would guess it was more) . that would have put rent roll at 1.8m. On that basis then market value would appear to be much more than 6.4m if all the tenants were paying properly
whether the rents were at proper value is a different question and is not the point i am making
Ricoh was worth £6.4m late 2012 based on no CCFC rent. Council court papers reveal a council report had stated this according to Les Reid.
What would it be worth now? What should SISU offer if this is true?
Dont pretend to be stupid Joy offered less than 5 million for the Ricoh but is willing to spend 25 to 30 million on a new stadium to her getting the Ricoh for 5 to 6 million would be getting it for free
I wouldn't actually be getting it for free would it if they offered actual money? It would be getting it for what it is "worth"?
"" means as of this valuation which may have changed after reading OSB's posts.
If it was legitimately valued at 6.4 and the council spent 14m of public money on it - well, that don't sound good for them.
No I understand that they can't buy freehold based on a "value" of the lease. I still think get 3 valuations independently and average them.
Did Haskell make a bid for CCFC to SISU? Did Hoffman actually make a serious bid also?
If the Ricoh is worth anything anywhere near £6.4m, why would Otium be planning to build a much smaller ground for a reported £25m?
Packet of crisps?
The council SPENT NO PUBLIC MONEY on this. They used their position and credit rating to get low interest access to finance. They then loaned this money AT A HIGHER RATE to ACL. Thus (assuming ACL stay solvent) making the taxpayers a profit.
Must be shortly due his monthly update about the Brandon site, perhaps then he can give us his considered opinion of the Bees side already virtually announced for next season. At least then he would then be reporting real news, rather than the monthly fantasy of a 'promised' new stadium. Maybe when the Bees announced Fisher will be definitely be at Brandon next year, he actually thought it would be Tim, not the Californian speedster Ryan Fisher.I saw "according to Les Reid" and stopped reading. Might as well have Joy writing for the CT as an "impartial journalist". His "of taxpayers money" is a typical example: yes, money that has been working making money for the tax-payers! He really is a chode.
If it is only worth £6.4m then doesn't it mean they are in negative equity? I wonder who has given the figure of what it is worth.
If the council do value it at £6.4m then why should SISU pay off the mortgage for them if it isn't worth that?
If I had a house worth 100,000 but my mortgage was for 2.4 million it doesn't mean the house is worth 2.4 million does it?
It's clearly worth more than the valuation OSB said so.
And everyone listens to Grendull and not OSB.......don't they?
Shall we have a vote on who is full of shit out of the two of them? Or even try and work out who talks sense?
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