League Two Swindon Town fans given the opportunity to buy the freehold to the county ground

[Sith Lord]

Swindon Town fans to be offered shares in £2.2m stadium

Shares will be offered at £19.69 to honour the club's first and only League Cup Final win in 1969.

www.bbc.co.uk

 

[Sarge]

shouldnt cost em much....

 

[Northstandboy]

Crikey, if we did something similar, 2300 fans would need to donate £5,652* each!

*based on £13million for the Kassam

 

[chuckbert]

It’s a scam. The company will take the “ground” away on the back of a truck next week (unless it’s overfilled, which will never happen)

 

[Left Wing Cross]

Lets all buy some and sell them to Kassam...

 

[Essexyellows]

Ready.................

 

[Wallop]

Little detail on that article and if 2,300 Scum fans bought a share each at £19.69, that would raise the grand total of just under £46k. Presumably they'll be allowed to buy multiple shares. That said, if I've understood correctly, £2.2m gets their ground bought and owned by the club. Why is ours £13m as starters? Is it basically a Council gift, do the Council still own the underlying land post-any sale?

How refreshing to see a Council pointing out the community importance of a league football club in the town.

Still a bunch of wankers mind.

 

[Notaswindonfan]

So it’ll become a family owned ground ?

 

[Malc]

So it’ll become a family owned ground ?

All one big family related by birth.

 

[Sith Lord]

Little detail on that article and if 2,300 Scum fans bought a share each at £19.69, that would raise the grand total of just under £46k. Presumably they'll be allowed to buy multiple shares. That said, if I've understood correctly, £2.2m gets their ground bought and owned by the club. Why is ours £13m as starters? Is it basically a Council gift, do the Council still own the underlying land post-any sale?

How refreshing to see a Council pointing out the community importance of a league football club in the town.

Still a bunch of wankers mind.

Apparently it was independently valued @£2.2 Million. So that is 111,700 odd shares up for grabs for the fans/club to buy..

 

[MJB]

Apparently it was independently valued @£2.2 Million. So that is 111,700 odd shares up for grabs for the fans/club to buy..

 

[Village-Yellow]

do the Council still own the underlying land post-any sale?

It says sale of freehold. So I guess not.

 

[Wallop]

Apparently it was independently valued @£2.2 Million. So that is 111,700 odd shares up for grabs for the fans/club to buy..

So why is their ground worth £2.2m based in independent valuation but ours is £13m at least to buy?

 

[RyanioBirdio]

So why is their ground worth £2.2m based in independent valuation but ours is £13m at least to buy?

Because they’re free to pay whatever the market value is, providing the owner of the freehold is happy with that. We signed a deal saying we had decided / agreed the wind tunnel was worth £13m indefinitely, while continuing to pay over £500,000 per year in rent as long as we remain there.

 

[Wallop]

Because they’re free to pay whatever the market value is, providing the owner of the freehold is happy with that. We signed a deal saying we had decided / agreed the wind tunnel was worth £13m indefinitely, while continuing to pay over £500,000 per year in rent as long as we remain there.

Thank you Nick Merry

 

[RyanioBirdio]

Thank you Nick Merry

Can I have your socks?

 

[Wallop]

I don’t wear any just like my hero Nick. He doesn’t wear them because he can’t afford them.

 

[SteMerritt]

So why is their ground worth £2.2m based in independent valuation but ours is £13m at least to buy?

Ignoring the massive drag factor of the ground being in Swindon, have you been there? (hopefully you got to experience one of the last 2 wins there), it's an absolute hole. It would take millions to bring it up to spec for modern football.

 

[Sarge]

So why is their ground worth £2.2m based in independent valuation but ours is £13m at least to buy?

Breeze blocks hold their price more than a skip does?