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Post by MAXBULL on Apr 23, 2024 14:24:31 GMT
Don't mention this if you're up towards Gateshead! I doubt Gateshead would want to play at Edgar St. |
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Andrew
Senior Member
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Post by Andrew on Apr 23, 2024 14:59:32 GMT
The devil is in the detail You must be furious that the long term future of our club is assured. If you think that's a bad thing then I feel very sorry for you. Are the terms not important, the size of the Blackfriars stand? |
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Post by tigerfeet on Apr 23, 2024 16:36:22 GMT
You must be furious that the long term future of our club is assured. If you think that's a bad thing then I feel very sorry for you. Are the terms not important, the size of the Blackfriars stand?  |
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Post by sevenoaksbull on Apr 23, 2024 18:55:34 GMT
The devil is in the detail I haven't even looked at anything on them, I bet that puts me in the "click the I accept the terms and conditionswithout reading them" majority. What is the devil that is in the detail? Well…… Call me a cynic, but I’ve spent a career in property, so I am conditioned to look for issues in leases. An occupational lease for an entity like a semi professional football club with ambitions to grow and become a full time operation playing in the EFL will need a term sufficient to give long term security. That doesn’t just mean the right to be in occupation, but also rights to enable the club to invest in the ground as it rises through the leagues to improve the standard of the stadium. That in my experience requires a term of more than 40 years, if only because a term of that length will not provide sufficient asset value to secure a bank loan. Now maybe the plan is to use shareholder capital and not debt to do that, which is fine, but even then, those providing the capital will want to know what they are getting for their money. The lease also ought to allow the club to exploit any development potential (as the old lease did) which puts money into the club and not the pocket of a nefarious owner. Again, experience tells me a 40 year lease wouldn’t usually allow this. For all that, I am delighted the club has secured a better lease than it had and can make plans. Leases are simply contracts between parties and it is perfectly possible for terms to be varied and renegotiated as circumstances change. The Council as freeholder has demonstrated it wants to support the club’s developmemt and evolution by granting this lease and the club were being advised by someone who was appropriately qualified, so the details ought to be OK. |
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Post by Monkey Tennis on Apr 23, 2024 19:05:39 GMT
You must be furious that the long term future of our club is assured. If you think that's a bad thing then I feel very sorry for you. Are the terms not important, the size of the Blackfriars stand? Capacity won't be a problem once we get a few of these installed on the Len Weston's roof.  |
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Post by A Bull on Apr 24, 2024 9:46:30 GMT
Are the terms not important, the size of the Blackfriars stand? Capacity won't be a problem once we get a few of these installed on the Len Weston's roof. The only problem is we only have them available for 3 days at the start of May every year |
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Andrew
Senior Member
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Post by Andrew on Apr 24, 2024 11:22:33 GMT
Ideal for play offs
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Post by Armchairfan on Apr 24, 2024 13:23:27 GMT
A bit of a waste next season as we are by passing the play offs and securing automatic promotion. |
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Post by greekgod on Apr 24, 2024 15:03:53 GMT
Hereford and bypass
Not a good omen.
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