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

Eaststandboy

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

*based on £13million for the Kassam
 

chuckbert

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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)
 
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Wallop

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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.
 

Sith Lord

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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..
 

Wallop

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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

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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

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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
 

Wallop

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

SteMerritt

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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.
 

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