Stadium update (18 Viewers)

[SkyBlueBarmy84]

King did say everything was 100% owned by the club. I wasn't assuming a loan/mortgage from that statement. With the way that the club structures its assets perhaps the football side will pay into the estate side of things. It's probably too early to say.

Perhaps - although I think he was more likely referring to 100% of the stadium ‘ecosystem’ rather than a cash purchase - there’s no chance King has £30m+ kicking around to finance that transaction (and, even if he did, I think it would be an odd way to approach it).

 

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[theferret]

We've gone from a club that paid for very limited use of the facility day to day (retail store), and the main bowl for 6 hours about 26 times a year (surrendering much of the revenue were were generating during that time); to having all of it, with hotel, casino and hospitality operators paying rent to us.

There is a lot of empty office space (now much more viable after a refurb), and exhibition and conference facilities that have (historically) been chronically under used and undervalued. There is huge potential here, we have revenue streams other clubs don't have and no reason why with investment and careful management they cannot be profitable.

 

[Speedie's Head]

Perhaps - although I think he was more likely referring to 100% of the stadium ‘ecosystem’ rather than a cash purchase - there’s no chance King has £30m+ kicking around to finance that transaction (and, even if he did, I think it would be an odd way to approach it).

I've no idea how off-shore money is moved around.

 

[Broken Hearted Sky Blue]

It wouldn't be doable outside the prem I don't think. Even in America the Cities generally fund the local stadiums but that's illegal over here.

Er not quite true what about Hull?

 

[Speedie's Head]

Er not quite true what about Hull?

Wasn't that 25 odd years ago too though? Another owned by the Council, I think...

 

[TomRad85]

I think Doug will buy the land the Connexion is on in the not too distant future also.

 

[COVKIDSNEVERQUIT]

This has been an incredible day, a truly special moment. It is absolutely ridiculous that we have won 7-1 after the news this morning.

Doug has done something magical. I just want us to be us. Doug has given us our club back but it wouldn't have happened without our incredible fans.

I've run out of superlatives to express how I feel about today.

All that's left to say is thank you, you silver haired sexy bastard. Just please don't sell us to some soulless yank or saudi when the time comes.

Sent from my M2101K6G using Tapatalk

 

[SkyBlueDom26]

you’re actually such a fucking twat aren’t you

Be careful calling him that, he’ll cry about it in his bedsit and put you on ignore

 

[SkyBlueDom26]

Wonder what the land inbetween the cbs and Tesco could be developed into

 

[COVKIDSNEVERQUIT]

I think Ashley saw the writing on the wall with it. No big stadium gigs this summer and with Villa and Blues branching there stadiums into the concert market, with much better transport links and more central, it reverts to being a football satdium rather than a venue.

"Much better transport links and more Central" have you ever been to St Andrews?

 

[COVKIDSNEVERQUIT]

Ive got the WiFi password

Happy to share it with people for £5 a pop

No thanks I've got it for free

 

[COVKIDSNEVERQUIT]

Wonder what the EFL will think of a Club running a casino at their HOME ground ? Will they allow it given the allergies to gambling in sport these days.

Some clubs still have betting firms as shirt sponsors.

 

[theferret]

"Much better transport links and more Central" have you ever been to St Andrews?

Well it is a fair point, you can walk to New Street, it does have better public transport links for sure. But, his general point misses the mark. Big summer stadium gigs aren't something we ought to relying on or be concerned about. It's the day to day conferences and exhibitions, the meeting spaces and maximising revenue from sub lets, hospitality etc. One concert a year is neither here nor there.

The indoor hall has much more potential, plenty of one off indoor events it can host. The Tom Grennan gig on Friday for example. It's never been a particularly good stadium concert venue for lots of reasons.

 

[TomRad85]

Does anyone have a plan of the land that has been purchased? I can't picture in my head how much of the land around the CBS would be included.

 

[COVKIDSNEVERQUIT]

Wonder what the land inbetween the cbs and Tesco could be developed into

More to the point, who owns it, Tesco's or the council?

 

[Brighton Sky Blue]

Wonder what the land inbetween the cbs and Tesco could be developed into

A bigger train station!

 

[Speedie's Head]

There's a triangle of land isnt't there? 2 sides are the railway and main road, judds lane the 3rd side.

 

[pusbccfc]

Has anyone ever confirmed the rumours about the land being contaminated?

For a city growing in population and building on brown/green belt land, it seems bonkers that so much land around the ground hasn't been built on.

Birmingham will allow developers to come in and build a shit ton of new build apartments.

I know the train line is rubbish on match days, but it provides a 5 minute train into the city centre. It's an area people could commute from.

You build residential and you'll gain other benefits such as new eateries, bars and shops. Just look at other stadia in this country which has done the same.

 

[Speedie's Head]

Has anyone ever confirmed the rumours about the land being contaminated?

It certainly was, they were very open about that. It was very costly to clean up at the time.

 

[Flying Fokker]

For those (incredibly) still debating whether this is a positive move…

It’s like buying a house with a mortgage; there will be interest to pay on the loan, but at the end of the term, you own an asset vs. renting where you don’t get anything back.

As with a mortgage, you need a chunky deposit - that’s where I think the £15m from earlier in the summer comes in - so, if we assume that’s 40% of the asset value, and we’re borrowing on a 35 year term, with a 4% rate of interest:

- Arena value: £37.5m
- Loan (borrowed): £22.5m
- Monthly repayment: ~£99,624
- Annual repayment: ~£1.20m

So, for approx. the same amount that we were allegedly paying in rent per year, we are paying towards truly owning our own ‘home’ - with the incentive of new revenue streams to offset the loan repayment (assuming the various assets aren’t loss making). If they are loss making, then we reset / reconsider the usage. This all requires working capital, of course, but thats the same with any business.

Either way, I think the medium / long term outlook is very encouraging!

MONZO does special rates if people connected /fans work for them. Know anyone who works for MONZO

 

[Flying Fokker]

I've no idea how off-shore money is moved around.

Sloop, 4 crew. At night.

 

[Manchester_sky_blue]

It certainly was, they were very open about that. It was very costly to clean up at the time.

One of the main reasons why the stadium was built where it was, to bring badly contaminated land back into use.

 

[Speedie's Head]

One of the main reasons why the stadium was built where it was, to bring badly contaminated land back into use.

That right. Even when it was the retractable roof and pitch bollocks that was clear.

 

[Gynnsthetonic]

Has anyone ever confirmed the rumours about the land being contaminated?

For a city growing in population and building on brown/green belt land, it seems bonkers that so much land around the ground hasn't been built on.

Birmingham will allow developers to come in and build a shit ton of new build apartments.

I know the train line is rubbish on match days, but it provides a 5 minute train into the city centre. It's an area people could commute from.

You build residential and you'll gain other benefits such as new eateries, bars and shops. Just look at other stadia in this country which has done the same.

I'd like to see more residential round there yes rather than just this stadium stuck in the middle of nowhere. Could become a really lively hub not just on match days

 

[Nick]

I'd like to see more residential round there yes rather than just this stadium stuck in the middle of nowhere. Could become a really lively hub not just on match days

Where is all the land to build houses on?

 

[The Reverend Skyblue]

I don’t post much anymore, but I feel yesterday was a momentous day for our much loved club
We all recall those dark, dark days under SISU , where the majority of us thought our club would die,as we saw absolutely no future for the club under those terrible owners.
We all thought that there was No way someone would even consider buying us, as we had zero assets, diddly squat, the tunnel we were in had no light at all at the end of it, truly horrible endless days of misery for all us fans.
But yesterday our prayers were answered, somehow the black days are over and we now own our own ground and our future is back in our hands, guided now by people who have genuine affection for the club, and who finally see our potential.
I’m in my sixties so I’ve seen, and remember , the good days of the late 60’s, 70s and 80’s, when all the top clubs hated playing against us, especially at Highfield Road, and I have a strong feeling those days aren’t too far away again at fortress CBS, a ground that we can finally call ours
I thank you sincerely, Mr King, as for whatever happens in the future, as far as I know, that ground won’t ever be taken from us. You have made thousands of Skyblue fans, extremely happy this weekend, and the coming years it’s all back in our hands on how far we can take our cherished club, and that’s down to you.

 

[pusbccfc]

Where is all the land to build houses on?

The land next to and behind the retail park is huge. On Google maps it's the size of the stadium bowl.

Car parks also, if they sorted public transport.

 

[pusbccfc]

It certainly was, they were very open about that. It was very costly to clean up at the time.

But is it still contaminated?

 

[Nick]

The land next to and behind the retail park is huge. On Google maps it's the size of the stadium bowl.

Car parks also, if they sorted public transport.

Where abouts? That will be outside the stadium campus won't it?

Isn't there a canal there?

 

[hill83]

Where is all the land to build houses on?

In the opposition box when Simms is playing

 

[pusbccfc]

Where abouts? That will be outside the stadium campus won't it?

Isn't there a canal there?

Yeah between the canal and train station. It's a real waste of land in a good location.

If the club did own it, you could do a lot with it. Proper fanzone for example.

To add: I'm certain Tesco own it.

 

[Speedie's Head]

But is it still contaminated?

No idea. The Foleshill gas works and the railway would have been pretty polluting and the area was vast 40 acres.

" Later, the gasometers were removed, with the last one being demolished in 2002 and, after ground decontamination, the site was redeveloped into the Arena retail park and Ricoh stadium."

Foleshill Gas Works site [8 photos] in SP3483 :: Geograph Britain and Ireland

Foleshill Gas Works occupied a 40 acre site on the western side of Coventry Canal between New Inn Bridge (no. 8) and Judd's Lane Bridge (no.9). The production site was to the south-east of the Coventry-Nuneaton railway and the... more

www.geograph.org.uk

 

[Manchester_sky_blue]

But is it still contaminated?

It wouldn't have been able to be built on without being decontaminated first, Including any undeveloped land in the immediate vicinity

 

[Gynnsthetonic]

Where is all the land to build houses on?

Between the railway line and canal

 

[Nick]

View attachment 45459Between the railway line and canal

Isn't that where the waterworks is? Yeah you might get a few houses on but from memory there's not much room.