#SellBeforeWeDai Action/Inaction Group

[Stranded]

Great News, doesn't stop him selling the stadium of course but delays that protest and signals that sale of it as anything other than for ongoing use as a stadium is likely to be frowned upon and planning persmission very hard (though not impossible) to obtain.

For those who don't know when a building is an ACV the owner must tell the council if they intend to sell. They then cannot sell it for 6 weeks, if a local interested group ask to be considered as a buyer. If one does not come forward a sale can complete at the end of that period.

If they do, then a sale cannot take place to anyone other that that group for 6 months - only at the end of that 6 months could the owner sell to a third party.

[Sutekh]

Great News, doesn't stop him selling the stadium of course but delays that protest and signals that sale of it as anything other than for ongoing use as a stadium is likely to be frowned upon and planning persmission very hard (though not impossible) to obtain.

For those who don't know when a building is an ACV the owner must tell the council if they intend to sell. They then cannot sell it for 6 weeks, if a local interested group ask to be considered as a buyer. If one does not come forward a sale can complete at the end of that period.

If they do, then a sale cannot take place to anyone other that that group for 6 months - only at the end of that 6 months could the owner sell to a third party.

So could STAR come forward to be considered as a buyer only for nothing to happen for 6 months then, towards the end of that period, another local could ask to be considered as a buyer which gets another 6 months and so on until someone we all like and/or trust can be found with funds to actually complete a purchase?

[Stranded]

Great News, doesn't stop him selling the stadium of course but delays that protest and signals that sale of it as anything other than for ongoing use as a stadium is likely to be frowned upon and planning persmission very hard (though not impossible) to obtain.

For those who don't know when a building is an ACV the owner must tell the council if they intend to sell. They then cannot sell it for 6 weeks, if a local interested group ask to be considered as a buyer. If one does not come forward a sale can complete at the end of that period.

If they do, then a sale cannot take place to anyone other that that group for 6 months - only at the end of that 6 months could the owner sell to a third party.

So could STAR come forward to be considered as a buyer only for nothing to happen for 6 months then, towards the end of that period, another local could ask to be considered as a buyer which gets another 6 months and so on until someone we all like and/or trust can be found with funds to actually complete a purchase?

Not sure but believe it is just one 6 month period but may be wrong.

[bcubed]

Useful info here

https://mycommunity.org.uk/what-are-ass ... -value-acv

[Elm Park Kid]

Now that the Southend and Scunthrope situations are resolving we will officially become the worst run club in England soon . . .

[windermereROYAL]

Now that the Southend and Scunthrope situations are resolving we will officially become the worst run club in England soon . . .

What do you mean soon? We`ve been in a different league for 5 years.

[Stranded]

Nothing new but more coverage of our plight here: https://www.dailymail.co.uk/sport/footb ... horpe.html

[kieran]

A protest march before the Pomps game could prove interesting. Anybody on here remember, going back in time, when Y25/26 were taunting Pompey fans with "Who's that coming over the hill, is it the tax man, is it the tax man?" Alongside "This is your funeral, this is your funeral". Karma works in its own way and own time.

The main difference here is Pomepy fans revelled in the success their cheating caused and denied that they should be punished.

Whilst we're trying to get shot of the cause of our issues.

I am not sure this is true, when Pompey were successful they celebrated as do all fans. Once the financial issues were uncovered they fought and fought to get them out of the club, hence the fan ownership? when Pompey won the fa cup and ac milan etc there was no hint of trouble so why wouldnt you celebrate.

[Sutekh]

A protest march before the Pomps game could prove interesting. Anybody on here remember, going back in time, when Y25/26 were taunting Pompey fans with "Who's that coming over the hill, is it the tax man, is it the tax man?" Alongside "This is your funeral, this is your funeral". Karma works in its own way and own time.

The main difference here is Pomepy fans revelled in the success their cheating caused and denied that they should be punished.

Whilst we're trying to get shot of the cause of our issues.

I am not sure this is true, when Pompey were successful they celebrated as do all fans. Once the financial issues were uncovered they fought and fought to get them out of the club, hence the fan ownership? when Pompey won the fa cup and ac milan etc there was no hint of trouble so why wouldnt you celebrate.

Financial issues at Portsmouth were fairly well known in the early 00s, they were in the second division and signing Todorov and one or two others who obviously should have been out of their league. Bit like Reading but with actual decent players who actually fitted in with what they wanted to do. When Reading did it there were many on here questioning the financial side though those thoughts were probably triggered by ffp rules which Pimpy didn't have to worry about when they tried it on.

[Royal_jimmy]

I'm looking forward to the march that's planned for the Pompey game

[andrew1957]

I have a question re the value of the club. A figure of £20M is now being banded around by SJM but what does this include. Surely if we are talking about the club + the ground + the training ground then Dai's £70M figure is nearer the mark. Surely it would cost more that £50M to build the ground today and the training ground purchase of land + all the infrastructure would also cost multi-millions to replicate.

In summary anyone who paid even £20M for the club without the deal including the ground and training facility would be mad - as Dai would continue to own the assets - but expecting him to sell the whole lot for £20M seems unlikely to happen to me.

[Elm Park Kid]

I have a question re the value of the club. A figure of £20M is now being banded around by SJM but what does this include. Surely if we are talking about the club + the ground + the training ground then Dai's £70M figure is nearer the mark. Surely it would cost more that £50M to build the ground today and the training ground purchase of land + all the infrastructure would also cost multi-millions to replicate.

In summary anyone who paid even £20M for the club without the deal including the ground and training facility would be mad - as Dai would continue to own the assets - but expecting him to sell the whole lot for £20M seems unlikely to happen to me.

That £20m is without the stadium but including the training ground.

The value of the stadium is not what it costs to build but what someone is willing to pay. And the only party interested in buying would be the new owners of Reading. They could play hardball like Coventry did and try to ground share if Dai won't accept their offer. Or they could simply continue to rent from Dai. I'd say that £20m would be about right if they do purchase it - the new owners of Derby paid £22m for Pride Park off Mel Morris.

So £20m is probably the minimum that you would need to become the new owners of Reading. But £40m would be needed for the ground as well.

[Stranded]

I have a question re the value of the club. A figure of £20M is now being banded around by SJM but what does this include. Surely if we are talking about the club + the ground + the training ground then Dai's £70M figure is nearer the mark. Surely it would cost more that £50M to build the ground today and the training ground purchase of land + all the infrastructure would also cost multi-millions to replicate.

In summary anyone who paid even £20M for the club without the deal including the ground and training facility would be mad - as Dai would continue to own the assets - but expecting him to sell the whole lot for £20M seems unlikely to happen to me.

That £20m is without the stadium but including the training ground.

The value of the stadium is not what it costs to build but what someone is willing to pay. And the only party interested in buying would be the new owners of Reading. They could play hardball like Coventry did and try to ground share if Dai won't accept their offer. Or they could simply continue to rent from Dai. I'd say that £20m would be about right if they do purchase it - the new owners of Derby paid £22m for Pride Park off Mel Morris.

So £20m is probably the minimum that you would need to become the new owners of Reading. But £40m would be needed for the ground as well.

Very much this. You could easily see someone going down the route of the last Leeds owner, who bought the club first and paid rent for a while before buying the stadium back a year or so later.

[YorkshireRoyal99]

Yeah £20m I'd think would just buy the club but not the stadium of training ground, although you don't necessarily have to buy the stadium and training ground with the club either. No reason as to why we couldn't rent the stadium off Dai and purchase at a later date, makes sense in a way for Dai as well as he's still getting some money for the stadium as well. Training ground would be the same.

[bcubed]

Justin Rees said this about his purchase of Southend

“If the club was completely stable, it wouldn’t be for me,” Rees said. “It’s that challenge of the turnaround that excites me.”

Surely Reading would provide a hell of a challenge?!

[Snowflake Royal]

I have a question re the value of the club. A figure of £20M is now being banded around by SJM but what does this include. Surely if we are talking about the club + the ground + the training ground then Dai's £70M figure is nearer the mark. Surely it would cost more that £50M to build the ground today and the training ground purchase of land + all the infrastructure would also cost multi-millions to replicate.

In summary anyone who paid even £20M for the club without the deal including the ground and training facility would be mad - as Dai would continue to own the assets - but expecting him to sell the whole lot for £20M seems unlikely to happen to me.

Have a look at what League 1 clubs go for. Infrastructure is worth oxf*rd all for football clubs. It generates basically no revenue outside the club existing.

Why on Earth would you value a club with revenue of maybe £9/10m on a very good day, that is losing money hand over fist, at 7 times its income?

It doesn’t matter how much we paid to build the training ground or stadium. Or what it would take to build them today.

When we wete a top 6 Championship club with a newer stadium, we went for £50m.

We're a bottom 6 L1 club at the moment on the verge of going out of business.

[NathStPaul]

I have a question re the value of the club. A figure of £20M is now being banded around by SJM but what does this include. Surely if we are talking about the club + the ground + the training ground then Dai's £70M figure is nearer the mark. Surely it would cost more that £50M to build the ground today and the training ground purchase of land + all the infrastructure would also cost multi-millions to replicate.

In summary anyone who paid even £20M for the club without the deal including the ground and training facility would be mad - as Dai would continue to own the assets - but expecting him to sell the whole lot for £20M seems unlikely to happen to me.

You notice all our financial woes came AFTER covid? Tells the story don't you think Andrew?

[Uke]

I have a question re the value of the club. A figure of £20M is now being banded around by SJM but what does this include. Surely if we are talking about the club + the ground + the training ground then Dai's £70M figure is nearer the mark. Surely it would cost more that £50M to build the ground today and the training ground purchase of land + all the infrastructure would also cost multi-millions to replicate.

In summary anyone who paid even £20M for the club without the deal including the ground and training facility would be mad - as Dai would continue to own the assets - but expecting him to sell the whole lot for £20M seems unlikely to happen to me.

You notice all our financial woes came AFTER covid? Tells the story don't you think Andrew?

The Bildeberg Group and the WEF elites orchestrated the club downfall as revenge because Ejaria wouldn’t say if he was vaccinated

[WestYorksRoyal]

I don't think it was anything to do with Covid. Some Kenyans told us they'd put a curse on our club for never picking Timbe. We laughed at the time but look what's come to pass.

[Delboy]

Who owns the hotel and the car park where royal Elm Park was going , thought the Thais were still involved