Has our new CEO considered relegation yet?

Discussion in 'Bulletin Board' started by Mr Badger, Nov 28, 2021.

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  1. Jimmy viz

    Jimmy viz Well-Known Member

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    Leeds were paying in excess of 3 million pa until they bought back from the council.
     
    Jimmy viz, Nov 28, 2021
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  2. Red

    Red Rain Well-Known Member

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    Oakwell was purchased for around £6m. The owners charge £150k per anum, and BFC pay for any repairs. My guess is that if the west stand were replaced, the finance for the replacement would have to be provided by the owner of the land, and that the owner would have to increase the lease charges in order to get reimbursement for their costs from the club. How much would the replacement of the West Stand cost? Let us argue another £6m just for convenience. That would double the leasing charges, so the West Stand needs to find additional revenue of £150k per annum just to break even. I do not think that is peppercorn either. It is about 500 additional fans.
     
    Red Rain, Nov 28, 2021
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  3. Red

    Red Rain Well-Known Member

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    Did Leeds Council claim it was a peppercorn rent?
     
    Red Rain, Nov 28, 2021
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  4. Redhelen

    Redhelen Well-Known Member

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    That's way more though?
     
    Redhelen, Nov 28, 2021
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  5. Red

    Red Rain Well-Known Member

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    Please check the definition of peppercorn rent according to an online dictionary of your choice.
     
    Red Rain, Nov 28, 2021
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  6. Arc

    Archerfield Well-Known Member

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    Why are being such a pedant this afternoon, not like you.

    Anyway the purchase cost was £5m on the pedantry points. Clearly set out in the accounts of Oakwell Community Assets.
     
    Archerfield, Nov 28, 2021
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  7. Redhelen

    Redhelen Well-Known Member

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    Personally happy to concede to using very low rent instead as stated earlier.
     
    Redhelen, Nov 28, 2021
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  8. Sup

    SuperTyke Well-Known Member

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    I think you're getting bogged down in the semantics of the word. What everyone is saying is that it is an extreme low token rent. Whether it is a dictionary definition of peppercorn or not is irrelevant. It's extremely extremely low and is not in the interests of the council financially but in the interests of the town having a football club.
     
    SuperTyke, Nov 28, 2021
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  9. Red

    Red Rain Well-Known Member

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    Sorry. I will not let it happen again.
     
    Red Rain, Nov 28, 2021
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  10. Durkar Red

    Durkar Red Well-Known Member

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    The second largest shareholder of the football club owns 50% of the ground , do the Crynes get £75k or is it £150k to the council
     
    Durkar Red, Nov 28, 2021
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  11. Sup

    SuperTyke Well-Known Member

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    The second largest shareholder? Is that factually correct? I didn't think the breakdown of each individuals shareholding had been made public.

    And as you know the money goes to OCAL
     
    SuperTyke, Nov 28, 2021
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  12. Gegenpresser

    Gegenpresser Well-Known Member

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    Don't worry old boy.

    Anyone who knows their law knows what a peppercorn rent is.

    And it never has been £150000 per annum.
     
    Gegenpresser, Nov 28, 2021
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  13. Durkar Red

    Durkar Red Well-Known Member

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    Ok in future maybe people should refer to the alleged 80%
     
    Durkar Red, Nov 28, 2021
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  14. Old Goat

    Old Goat Well-Known Member

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    I agree.
    It's unhelpful for anyone to call the Oakwell rent a peppercorn, because to do so is misleading. Unintentionally misleading, but misleading nevertheless. Anyone who understands what a peppercorn rent truly is, will assume that the rent is almost zero if people continue to incorrectly describe as a peppercorn.
    The rent is £150k. Let's have some accuracy.
     
    Old Goat, Nov 28, 2021
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  15. dod

    dodgey defence Well-Known Member

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    :D
     
    dodgey defence, Nov 28, 2021
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  16. Sta

    Stahlrost Well-Known Member

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    Agreed. A peppercorn rent is never actually paid, the landlord wouldn't expect anything. If rent is actually due, even only a couple of quid, then by definition it's not a peppercorn rent.
     
    Stahlrost, Nov 28, 2021
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  17. Red

    Red Rain Well-Known Member

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    Well, that was unexpected. When I left the BBS an hour and a half ago, I was convinced it was me... and that I really was a pedant.
     
    Red Rain, Nov 28, 2021
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  18. Jimmy viz

    Jimmy viz Well-Known Member

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    Not getting into semantics with you. However technically a peppercorn rent is a very low or nominal amount. 150k a year would classify as very low.


    For clarity Leeds charged a market rent. Our council do not and charge a very low rent that can be classified as peppercorn. Your £1 figure is not set in stone.
     
    Jimmy viz, Nov 28, 2021
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  19. Jimmy viz

    Jimmy viz Well-Known Member

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    a definition of a peppercorn rent is either a nominal or very low rent. 150k for Oakwell is a very low rent hence peppercorn. Let’s have done accuracy unless you can find a definition that excludes very low rent.
     
    Jimmy viz, Nov 28, 2021
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  20. Jimmy viz

    Jimmy viz Well-Known Member

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    Can confirm via work we often have to pay nominal or peppercorn rents when we are building on clients land. Physically we gave to pay the monies to make the contract binding
     
    Jimmy viz, Nov 28, 2021
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