Has our new CEO considered relegation yet?

In fairness a mates rates rent would be more accurate

 

On that basis, we can stop worrying about the missing £750k. After all, it's only 5 peppercorns.

 

It is not often that I actually laugh out loud, but that got one.

 

Where has the thought process that £150k a year + repairs etc is cheap?
I see some are quoting Leeds at £3million but Coventry we’re paying Wasps £100k and no upkeep costs.

Is there any other examples out there for comparison?

 

Are Coventry the sole full time tenants or do they simply groundshare?

 

I believe they share the ground with Wasps who own it.

 

Derby £1.3m
Wednesday £1.5m
Reading £1.5m

 

So it's not really comparative at all. Barnsley are sole full time tenants of oakwell and can use it 365 days a year to make money however they want (subject to relevant laws etc). Every piec of advertising in the ground brings money straight into the club. Coventry are secondary tenants who get to use the stadium about 30 days a year (if they're lucky), don't get the advertising money and and have to pay for a separate training ground on top.

It's like comparing the costs of someone who rents a house from the council with someone who stays in a b&b in Blackpool for a week in August.

 

Yeah and comparing Leeds is like saying I have a four bed house and comparing it to a value of a similar property in London, hence why I asked for other examples.

 

Thank you

 

Wow you're going off message there aren't you!!! "mess we're in" you'll be getting thrown out of the 80% mobs fan club by Lee and Conway for comments like that.

 

Do you pay council tax in Barnsley???

 

Let's be straight on this what the 80% mob want is the council and or the Crynes to either give them the ground for nowt or not much more as is or alternatively the Council and or the Crynes to pay for the redevelopment and repairs then sell to the 80% mob so they can then profit on the ground when selling on the club now reattached to the ground. Now personally as a BMBC council tax payer ID rather BMBC didn't chuck our money down the throats of "rich" charlatans who have spent nothing on the club themselves.

 

On the basis of the sums paid for the respective grounds, the annual interest rates work out to
Derby 1.4%
Wednesday 2.5%
Reading 3.6%
Barnsley 3.0%

So 2nd highest % rate.

 

Your analysis has assumed that the rates are flat over their term. This is not the case.

For context over the term of Sheffield Wednesday’s lease the total repayable is £77m over 30 years.

 

Most of the time we have no peas either.

 

Chansiri owns the club and the ground , he owned the ground sold it to himself and is now paying himself back

 

That’s a very good point. The example rents for Reading, Derby and Sheffield Wednesday reflect a circular transaction where the motive was to circumvent FFP. Selling the grounds enabled significant cash to be injected by the Directors without falling foul of FFP rules.

There is a certain irony that the three listed have all gone on to be docked points for breaches, despite the attempted financial engineering.

 

The context is the use of the term peppercorn. The lease for Oakwell is well within the area being charged by other connected owners of grounds. I take your later point about financial management of FFP, but my point from the very start of this conversation was that our lease was not a give away sum from generous stadium owners.

 

This CEO is a melt. He’s got ******** to be fair to him but that’s it. Fed the **** he spouts by Conman. We’re a shambles from everything at the top to the playing staff. Was gonna say from top to bottom but the staff in and around the club that have nothing to do with players or coaching staff are class as usual.