As he said a few months back, he'll be interested when the stadium & club are one.
Why couldn't he buy the two separately?
I think Bing is full of bluster, his comments keep his profile up in the media nothing more, the man could not even use a fax if my recollection is correct. NOPM
Because he won't like the risk of getting one and then be unable to acquire the other.
Fx if he buys the club there's a risk CCc won't sell the freehold (which is what Byng would be after).
Or if he buys the freehold there's a good chance sisu would set a price tag of £70m on the club.
Sits next to Tim at Sixfields. Couldn't put together a credible bid because of problem with email. Demands Council sell Arena.
I can see your point and lets face it, who could deny either could end up happening?!
However surely if I purchased the Arena/ACL then it's not the worst thing in the world if the deal falls through with the club (obviously it's better if it didn't).
I'd own a 32,609 seat multi purpose stadium (or the long term lease to it) along with a big indoor arena, hotel, casino ect. I'd make more money if I owned a team to play there but it's doubtful I'd lose out.
Plus there's the possibility of the land around there. There's a lot that, that side of the City lacks in terms of leisure facilities.
As for losing between £50million and £125m to the City's economy - seriously? There's a claim badly in need of a challenge.
As for losing between £50million and £125m to the City's economy - seriously? There's a claim badly in need of a challenge.
Because he won't like the risk of getting one and then be unable to acquire the other.
Fx if he buys the club there's a risk CCc won't sell the freehold (which is what Byng would be after).
Or if he buys the freehold there's a good chance sisu would set a price tag of £70m on the club.
I just don't see any value or benefit in giving Byng any more airtime, clearly a fantasist who's decided to get involved to try and raise his profile. If you were a wealthy Chinese businessman would you want someone like Michael Byng acting for your interests or would you examine a deal in a straight forward and either do it or not?
Therein lies a lot of the problem. Neither club nor stadium purchase is straightforward in any way. Too many fingers in both pies.
Agreed, but introducing a profile-hungry local businessman into the mix hardly improves things. The Telegraph and Les Reid appear desperate to find a third angle to the story when it really doesn't exist since the Haskell bid failed. Tiresome to dress this man's opinions up as 'developments'.
That is plausible, when you consider all the all the costs involved, money spent on everything to do with each home game, whether its 1.50 on a bus there or 5.00 for a meal at burger king, or a pint or two before and after each game it adds up and adds up to a hell of a lot of money. To the economy, not SISU, not the club, to local business, every penny spent by every person that has anything to do with the match/s, snacks at half time paying staff wages giving them money to spend, it all adds up.
Very plausible.
The key would then be the development of the surrounding land. Wouldn't that to some extend depend on there being a football club drafting in some 300.000 punters per year?
I would be sceptical about the viability of the existing businesses like the casino if the club finds a new permanent home.
I believe there is too many 'ifs' for any investor to buy the Ricoh without the club. Maybe in five years if the Ricoh and the businesses there are thriving without the football club and when all the bad publicity has gone ... but not before.
But my personal fear is the ricoh and the businesses there have entered a downward spiral - not unlike what happened to the club under Richardson. A slight downward slide at the beginning, but in a couple of years gaining momentum. Unstoppable momemtum.
Even if the 10,000 people did nothing but sit at home every weekend for the twenty odd games, which clearly they don't, where does 50 - 125m come from?
The truth surely is that a significant proportion still spend some money hereabouts on a Saturday, indeed they might even increase their discretionary spend given 8500 people now have an extra 20 quid or so kicking around each fortnight.
It's a completely made up figure imho, simply designed to try to increase pressure on the council. I don't see any effort at a real analysis here, sorry.
Let's be realistic here - it is all PR.
JS says she wants a return on her investment. So for arguments sake - she says there has been £60million invested in CCFC. she buys the ricoh for £40 million (completely made up figure)
Is anyone then going to pay £100+ million for club and stadium? of which £60 million is the club? SISU are not going anywhere fast. My personal opinion is JS would rather liquidate than lose all that money by admitting defeat and selling cheap.
the bulk of the £60+ million she claims to have invested is wooden dollars moved around within SISU. Its not all real.
yes a small proportion may well still spend a little, they may also choose to go out of town shopping, put it towards a holiday or just save it. but 10-15k average and 15-20k if were playing well is a lot of people spending over the course of a year!
You put petrol in your car, you buy a bus ticket train ticket, a bar of chocolate, a pint or two, whatever money spent in the process of going to the home game is money to the local economy!
Simplified but realistic, i think 50m over the course of a season easy.
So why would she be bothered about liquidating or not?
Because if you liquidate, you get nothing. If you sell, you get something. The only reason I can see for liquidating, is if you can't sell.
It appears there might be buyers out there.
Im no business major, not a social or economic master, but I think i can see how there could be that kind of loss to the local economy, i guess we wll have to agree to differ duffer!
Im no business major, not a social or economic master, but I think i can see how there could be that kind of loss to the local economy, i guess we wll have to agree to differ duffer!
Ok, like i said i have no degrees in any of this just logical thinking, to me anyway
What would an average supporter spend on all things match day related? Virgin Money’s Football Fans’ Inflation Index puts this figure at over 100 pounds.
Petrol, ok, they would still use in the week, but a % is being used for the game, food, drink, consumables, memorabilia, in the winter u buy gloves n a hat from a local shop cause its frickin cold sitting there watching them, local bought, local economy. Parking fees, It all adds up.
How many people do a little overtime on a saturday we are at home, staff at the stadium (may not be earning a lot), bus, coach drivers, train drivers, extra shop staff, car park attendants, their loss of earnings is money not being spent.
Even down to the printers of the programs/tickets if there not selling there not printing, if they are local its money lost.
The list of economical losers is long, its not all about what the club is making or not, it s every other resource that would take a few pounds from the supporters and all the folks that service the supporters. It would add up to a hell of a lot of money.
Factor in every little detail, pennies in the paper shop to pounds in the pub/bookies. There is money not being made and not being spent all over the place while the City are not playing at home!
I dont have many strong points, am not qualified in any of this, but i think the baseline 50m is plausible and probably more!
Long winded repetitive, im starting to doubt myself reading it back!
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