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1878 vindicated?

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MuddyWaters
September 2, 2021, 1:37pm
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Quoted from grimps


I doubt any of those houses are worth much more than £80000


https://www.zoopla.co.uk/house-prices/cleethorpes/harrington-street/
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KingstonMariner
September 2, 2021, 2:07pm
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It all comes down to money. We rarely fill the home seating of BP. There is no rent or loan to pay on BP. We could move to a new stadium, stick a thousand on the gate (let’s assume that will happen) and that extra £300k worth of revenue will be immediately swallowed up by the cost of the debt/rent.

At a conservative estimate, £20m borrowed x 1.5% interest = £300,000. Rate will probably be higher than that and there’s capital repayments. Over 40 years that’s another £500k. OK, amount of interest will go down each year so we’re probably closer to £600k p.a. (I haven’t done the proper maths but we’re in that sort of territory.)

Genuine question. How much profit can we expect to make on functions, conferences and gyms?

I guess the real benefit will come when/if we get regular big crowds/‘football fortune’.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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forza ivano
September 2, 2021, 2:57pm

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Quoted from Simon


Just out of curiosity what developments has Petit been involved in?



https://www.revcap.co.uk/       He is one of the founders
https://riverstonedevelopments.com/    Is also involved with these developers
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scrumble
September 2, 2021, 4:37pm

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Quoted from grimps


I doubt any of those houses are worth much more than £80000


The moment the club tries to buy them the price will shoot up.


Byddwn ond yn canu pan fyddwn yn pysgota
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LN8Mariner
September 2, 2021, 4:49pm
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Quoted from forza ivano


https://www.revcap.co.uk/       He is one of the founders
https://riverstonedevelopments.com/    Is also involved with these developers



Yes, but when has having an in-depth knowledge, understanding and prior success of the mechanisms of property development and capital generation ever got you a new ground?  
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KingstonMariner
September 2, 2021, 4:54pm
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Quoted from LN8Mariner


Yes, but when has having an in-depth knowledge, understanding and prior success of the mechanisms of property development and capital generation ever got you a new ground?  


😆

Or stopped you pursuing a pipe dream


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EvilFish
September 2, 2021, 5:21pm
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Here's a different approach to the question:

Which lower-league "new" stadiums have people been to that:

(a) aren't still a bit of a sh!thole
(b) aren't next to some fvcking carpet warehouse on a retail estate near nothing
(c) don't have a car park that takes 7 hours to get out of
(d) have anything inside the ground worth eating/drinking
(e) don't give you an existential crisis just by their sheer existence
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Limerick Mariner
September 2, 2021, 7:01pm
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Quoted from EvilFish
Here's a different approach to the question:

Which lower-league "new" stadiums have people been to that:

(a) aren't still a bit of a sh!thole
(b) aren't next to some fvcking carpet warehouse on a retail estate near nothing
(c) don't have a car park that takes 7 hours to get out of
(d) have anything inside the ground worth eating/drinking
(e) don't give you an existential crisis just by their sheer existence


Meadow Lane - think you can count it as new as totally rebuilt...
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jamesgtfc
September 2, 2021, 7:33pm
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Quoted from LN8Mariner


Yes, but when has having an in-depth knowledge, understanding and prior success of the mechanisms of property development and capital generation ever got you a new ground?  


I read this and it makes you realise the reasons why NELC is in such a state. For a start, they appointed a man in charge of regeneration who has failed in all his previous regeneration attempts and ended up leaving with a legacy of severe degeneration.
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rancido
September 3, 2021, 12:33pm

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Quoted from Swansea_Mariner
Whatever the actual market value you can basically double it as the owners essentially have the club over the barrel if the intention was to buy up all the houses on the street. It also only takes one hold out to make the viability of the project collapse.

Not to mention  whether the club would even get planning consent for such a scheme?


I seem to remember when Liverpool wanted to expand Anfield, they wanted to buy some surrounding houses and it cost them above their market value.


The Future is Black & White.
"The commonest thing on this planet is not water , as some people believe, but stupidity ". Frank Zappa
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