Gerinako Posted January 2, 2019 Share Posted January 2, 2019 4 minutes ago, nevthelodgemoorowl said: Why is that Gerinako, you don't have any problem living in a mortgaged home do you ? So why a problem sitting in a rented stadium 39.5 hours a year. You will still have the same emotional attachment ! It's a short term gamble with potential long term repercussions The mortgage scenario is completely different. I'm not gambling my entire house value on some fanciful dream Link to comment Share on other sites More sharing options...
gurujuan Posted January 2, 2019 Share Posted January 2, 2019 You are always gambling in business, but you try and take a calculated risk. If he can pull this off, and get it past the EFL, it’s a good way to refinance the business Link to comment Share on other sites More sharing options...
Gerinako Posted January 2, 2019 Share Posted January 2, 2019 There's a gamble though and then there's this I think this is too big a gamble personally Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 11 hours ago, 442 said: Not owning Hillsborough will be a disaster. why? Link to comment Share on other sites More sharing options...
ChinaOwl Posted January 2, 2019 Share Posted January 2, 2019 6 minutes ago, gurujuan said: You are always gambling in business, but you try and take a calculated risk. If he can pull this off, and get it past the EFL, it’s a good way to refinance the business And like every other business existence, there has to be a contingency in case the main plan fails. Is there a contingency or is this just a refinancing exercise to raise a pile of extra chips to throw at the casino? (if indeed any of it is true, of course). Link to comment Share on other sites More sharing options...
mogbad Posted January 2, 2019 Share Posted January 2, 2019 1 hour ago, matthefish2002 said: I know we are only talking hypothetically on here about selling Hillsborough and just discussing a rumour but would be really, really uneasy about going down this road. I know people would argue its to a trusted family member and just a way to get round FFP rules but my intuition tells me it would not be a straight forward as that. Selling the ground to fun 3 or 4 big signings is just not the way forward. Yes I want to see Wednesday get to the Premier league but think this would be a gamble too far. Totally agree. 1 Link to comment Share on other sites More sharing options...
Sonny Posted January 2, 2019 Share Posted January 2, 2019 I don’t think someone with a bizarre notion that we can still get promoted coupled with an on going thirst for always more signings is the best person to ask about whether we should sell our ground for spending money. Unfortunately this description doesn’t just apply to some fans but the guy in charge too. Link to comment Share on other sites More sharing options...
Jeffjohnsonmyhero Posted January 2, 2019 Share Posted January 2, 2019 Be nice if owners of the ground develop it ,Especially to the planned world cup development .The ground needs a lick of paint now. Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 27 minutes ago, Gerinako said: It's a short term gamble with potential long term repercussions The mortgage scenario is completely different. I'm not gambling my entire house value on some fanciful dream I imagine he's not 'gabling' anything. he is selling to someone he can trust, the ground will not be able to be re-sold to anyone other than dc, and that will only be upon promotion OR before dc sells the club onwards. 1 Link to comment Share on other sites More sharing options...
ZicoSterland2 Posted January 2, 2019 Share Posted January 2, 2019 7 minutes ago, dnhc said: why? Look at the Coventry City scenarios.Coventry were left playing in Northampton 30 miles away. They rented from a landlord who had them evicted from what was there home ground. Once you lose control of your stadium you are not in control of your club. Worst case scenarios I know but is a possibility and too big a risk in my opinion. Link to comment Share on other sites More sharing options...
gurujuan Posted January 2, 2019 Share Posted January 2, 2019 I’m not hung up on us owning the ground, and if it passes to another family member, what’s the problem. What sort of lease will we negotiate, and will it be a full repairing lease Link to comment Share on other sites More sharing options...
ChinaOwl Posted January 2, 2019 Share Posted January 2, 2019 1 minute ago, dnhc said: I imagine he's not 'gabling' anything. he is selling to someone he can trust, the ground will not be able to be re-sold to anyone other than dc, and that will only be upon promotion OR before dc sells the club onwards. So you think it is collateral based on an unconditional loan from a family member? Either way, it would mean the ground dropping off the asset register of the business thus out of direct control of the owner. 1 Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 13 hours ago, frastheowl said: Probably BS. But I didn't think that was a viable option. Any sale/sponsorship has to be of fair value. Hillsborough is not worth £30m, and so, only the true "value" of the stadium would assumed in the P&S accounts. what IS the value of Hillsborough? you state it is NOT £39M, but what is it, and how do you know? Link to comment Share on other sites More sharing options...
ZicoSterland2 Posted January 2, 2019 Share Posted January 2, 2019 1 minute ago, dnhc said: what IS the value of Hillsborough? you state it is NOT £39M, but what is it, and how do you know? The value is what someone is willing to pay. Link to comment Share on other sites More sharing options...
briggowl Posted January 2, 2019 Share Posted January 2, 2019 13 hours ago, frastheowl said: Probably BS. But I didn't think that was a viable option. Any sale/sponsorship has to be of fair value. Hillsborough is not worth £30m, and so, only the true "value" of the stadium would assumed in the P&S accounts. It possibly is worth that though!? Link to comment Share on other sites More sharing options...
Burnsie Posted January 2, 2019 Share Posted January 2, 2019 6 minutes ago, ZicoSterland2 said: Look at the Coventry City scenarios.Coventry were left playing in Northampton 30 miles away. They rented from a landlord who had them evicted from what was there home ground. Once you lose control of your stadium you are not in control of your club. Worst case scenarios I know but is a possibility and too big a risk in my opinion. And West Ham? It goes wrong for some, and works for others (do the pigs own theirs?) Link to comment Share on other sites More sharing options...
uptheowls Posted January 2, 2019 Share Posted January 2, 2019 Probably be answered in the 9 pages so far but i can’t see how the EFL would allow this kind of thing. Surely other teams would have gone down this route. Just doesn’t seem right to me Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 3 minutes ago, ZicoSterland2 said: Look at the Coventry City scenarios.Coventry were left playing in Northampton 30 miles away. They rented from a landlord who had them evicted from what was there home ground. Once you lose control of your stadium you are not in control of your club. Worst case scenarios I know but is a possibility and too big a risk in my opinion. this ins NOT a Coventry city issue, DC has funds but is not allowed to attempt to level the playing field between us and the 'parachute payment' boys because ffp rules are there to protect them further whilst attempting to re-buy there premier league status. he will sell to a 'trusted' friend' will stipulations in the contract not allowing the re-sale. even if he was slack enough not to, what do you see Hillsborough being used for, building land? a fishing pond? or boating lake? it's a way of injecting capital into the 'project' for one last blast from him. should he then decide to sell the club, it would be wise of the buyer to secure the ground in the sale, BUT not essential, as dc wouldn't be able to raise the rent too far before the club jumped ship leaving him with an 'elderly' stadium (terms used by plenty on here) built on what now appears to be damaged ground. stop looking at this from a working class persons perspective with a mortgage, if you haven't got the understanding of finance at this level it's best left to those itk, he'll have had this looked into by people whose world IS finance, and it will be watertight. Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 14 minutes ago, ZicoSterland2 said: The value is what someone is willing to pay. exactly. Link to comment Share on other sites More sharing options...
sherlyegg Posted January 2, 2019 Share Posted January 2, 2019 Not sure...but I seem to remember Sainsbury paying £10M for the Claywheels Lane site...3 acres. Not sure how many acres Hillsborough is built on, 6 maybe? Link to comment Share on other sites More sharing options...
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