J.Riddle
1:13 Thu Oct 5
Re: Owners want out
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Even IF the LS was purchased in the next year or two prior to 2022 Athletics use would still be required until then. In theory a buyer could be found in the preceding years and redevelopment of the LS could begin. IF they can find a multi-billionaire who wants to take the project on..
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J.Riddle
1:01 Thu Oct 5
Re: Owners want out
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The clause was part of the deal signed with the lease which will be obsolete IF the freehold is purchased. IF the 2bobs pay such a large amount for the freehold they will only do so on the stipulation that they are free of all prior caveats imho.
I can see the 2bobs buying it to maximise the clubs value as greed motivates them and their personal wealth, then flipping it soon after as redeveloping it will cost loads with no guarantee to get that money back and they only like minimal risk.
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goose
12:45 Thu Oct 5
Re: Owners want out
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if (IF) they were to find a way of buying the stadium, does that then release then from any sell-on clause to the LDDC or whatever they are called?
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Sniper
12:40 Thu Oct 5
Re: Owners want out
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They won't ever 'want out'
What they will want, however, is to make as much money as possible spending as little as possible in the process. In fairness to them, that is business.
Regardless of whether they are really supporters or not, they are not interested in ploughing money into the club to make it successful - they are purely interested in maximising income and profit for minimum expenditure. So they are happy to sell half the squad to create funds to supposedly sign a player when they never really had any intention of meeting them asking price. They win both ways - they get a load of lovely money sat in their account from sales, save shed loads of wages and spend nothing but try to make it look like they want to. They're like those cunts on location location location who 'only' have a million to spend but just can't find their dream 4th country cottage in France within a £100 taxi fare from he local prosecco vineyard and think imtheyre so hard done by.
They will sell when they can maximise their profit. So it won't happen before the stadium deal to pay some of it back ends, and even then if they are selling out week in week out with minimum Zoe Souter, they'll just keep ticking over. With the interest they make in the loan alone they're never going to want to get out. They don't actually care about the club at all and they know how to squeeze every penny they can out of owning one without doing anything to make it successful at all because that isn't their aim
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LeroysBoots
8:45 Wed Oct 4
Re: Owners want out
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The reality is being owners is a massive vanity project for them, especially the midget
They love all the trappings of boardrooms and kudos
I just hope their business model imodes and they have to sell and we never see any of them ever again
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Jim79
6:27 Wed Oct 4
Re: Owners want out
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In that case its worst than that Ern as I think ive read on here it was a 10 yr agreement from the point of signing it but that it reduced from year 5 but not down to zero.
So thats 2023 and even more time for the arabs to go bust!!!
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AKA ERNIE
6:16 Wed Oct 4
Re: Owners want out
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The deal saying if sell within 5yrs and lose shitloads was signed in 2013
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Jim79
6:09 Wed Oct 4
Re: Owners want out
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Ludo its all mapped out. G&S can keep all proceeds post 2021 if I'm not mistaken. Jaguar Landrover amongst other car manufacturers will have all their new production cars running on electric motors from 2019.
We'll get bought by a bunch of Arabs just as the world no longer needs oil, bankruptcy guaranteed it'll be like the Icelandics all over again.
Its the West Ham Way!!!
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SurfaceAgentX2Zero
4:49 Wed Oct 4
Re: Owners want out
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Yes ludo - it cost £53mio to demolish.
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harold
4:48 Wed Oct 4
Re: Owners want out
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Wasn't the BG on the books only valued at about 40m.
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SurfaceAgentX2Zero
4:19 Wed Oct 4
Re: Owners want out
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ludo21 4:18 Wed Oct 4
I think that's an absolute certainty, mate.
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SurfaceAgentX2Zero
4:18 Wed Oct 4
Re: Owners want out
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Unless it's Chelsea or Fulham somewhere else in a very high priced property area, stadiums are worth very little in the grand scheme of things. They cost nearly as much to knock down as they are worth as development land.
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ludo21
4:18 Wed Oct 4
Re: Owners want out
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SurfaceAgentX2Zero 4:11 Wed Oct 4
Knowing our luck we'll end up with the only Qataris to ever go bankrupt!
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Gavros
4:12 Wed Oct 4
Re: Owners want out
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Do you think Liverpool FCs valuation is largely determined by a bit of land it owns in L4?
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SurfaceAgentX2Zero
4:11 Wed Oct 4
Re: Owners want out
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ludo21 10:30 Wed Oct 4
'Realistically, would the Qataris be interested?
They already own Man City and PSG.'
Yes, mate. As everyone knows, there are only two Qataris in the whole world.
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roltrader
4:06 Wed Oct 4
Re: Owners want out
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....it was bollox
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RichyP
4:03 Wed Oct 4
Re: Owners want out
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It was widely reported, and not denied by Sullivan, that we turned down a £650m offer from Red Bull last year.
So whatever their asking price is, it's more than £650m so it doesn't surprise me that no one is willing to match it, especially when we don't even own our own fucking stadium
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Dr Moose
3:12 Wed Oct 4
Re: Owners want out
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ludo21 10:30 Wed Oct 4
Its quite plausible as being a London club that is attainable rather than the potential asking price for the likes of Chelsea or Arsenal; I suppose Spurs as well.
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Dom
3:09 Wed Oct 4
Re: Owners want out
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wasn't there some clause that if they sold within 5 years of moving to the stadium they have to give a percentage of the money over.
so expect them here for another 3 years minimum.
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roltrader
12:04 Wed Oct 4
Re: Owners want out
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get the fat arsenal russian in
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Spandex Sidney
11:20 Wed Oct 4
Re: Owners want out
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Gavros 1:29 Wed Oct 4
I don't know what the details are the rent are but I am pretty sure they didn't sign a 99 year lease where the landlords could put up the rent to whatever they like
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