Reading the SLP article, we can see that Greenwich Council will make no objection should the Club want to move to the Peninsula.
1) Luxury apartments would be built along the riverside to fund any new stadium - and of course that fits neatly with Greenwich Council's masterplan for that area.
2) A new stadium on the Peninsula can be more intensively used than The Valley - easy access from central London for conference use for example, and perhaps for night club, bowling alley and other money making activities.
3) The Valley is already situated in a low cost and social housing area; residential development proposals will be given the green light.
'4) The club has been anxious to ensure another football club does not take the Peninsula site.
Conclusion: to the money men interested in profits, we can see they will think it makes sense to move.
Sheesh. Have any of you been to Colchester Uniteds new stadium? That is what we will probably get and it is chite chite chite of the very highest order, the combined forces of Lech Poznan and Celtic couldn't raise an atmosphere there,
Hardly
.... Making money out of non football activities is the way to make clubs more viable.
Correct. And there is still plenty of potential for that at The Valley. Anyone who suggest otherwise needs to clearly present the business facts.
I was merely responding to the tone of some posters, which has assumed the absolute certainty of a move to the peninsula already! I have no desire to leave The Valley, indeed I've had the same seat since 1994.
Thinking about it though, The Peninsula's location would be better for corporate revenue; by a Tube Station so better for the riches of the City and Canary Wharf, by the Thames (better view) and by the O2, so can ride on the coattails of that. Fewer planning issues as well...
The price is in line with information circulating for several weeks and which is very well sourced. It is roughly what the current owners have outstanding in loans.
The summer price was £43m, but TJ's hand has now been forced.
As for the peninsula stuff, it was the club that set this out in its due diligence report as key to the offer, so it's hardly surprising that an offer said to be from a property company is seen to be connected with it.
That said, the numbers still do not appear to add up without Premier League football, as the purchasers would start out down the £18m purchase price and the debt to the bank, plus the ongoing losses this season and in the future.
Possibly. Possibly not. But we have done all that to death here before.
The point is that the owner who proposes such a scheme should make the case in a rational business like way to the fans, otherwise a proportion of them will tell him to stick it up his peninsula.
That's why the Trust ACV initiative is so important. It gives us six months to either have an adult dialogue, or mobilise against it.
It seems that a move from The Valley is very much part of our future. Despite the howls of derision from some I am in the 'if it means we survive.....and then thrive as a football club then it is worth it'. I understand the pain this causes to those who fought for our return to The Valley, but I don't think we should look at it as a sacrifice of that ideal, you saved our club, now maybe we need this to save our club again. All the evidence shows that football in the Championship at The Valley is not financially viable. Despite claims from some that we have not utilised the current site, I'd disagree, we have limited space, we are not in an area where people 'want' to go. I am a product of the Selhurst years and have thus called Selhurst, Upton and The Valley home. I'm sure there are others like me who, while love The Valley, support the club beyond the location.
I hope that the deal goes through on the grounds it guarantees we survive as a football for the foreseeable future.
Took this yesterday from 32nd floor of one of the towers in Caray Wharf. Think the land just across the river next to the dome is the site people are talking about. You can see the valley off in the distance to the right of the Thames Barrier.
Sheesh. Have any of you been to Colchester Uniteds new stadium? That is what we will probably get and it is chite chite chite of the very highest order, the combined forces of Lech Poznan and Celtic couldn't raise an atmosphere there,
So the visiting supporters comments on the website recommended by Loco must be fabricated then? As we know it is not unusual for new stadiums to be built on out of town locations e.g. Hull, Derby etc.
Sheesh. Have any of you been to Colchester Uniteds new stadium? That is what we will probably get and it is chite chite chite of the very highest order, the combined forces of Lech Poznan and Celtic couldn't raise an atmosphere there,
So the visiting supporters comments on the website recommended by Loco must be fabricated then? As we know it is not unusual for new stadiums to be built on out of town locations e.g. Hull, Derby etc.
Hull & Derby are hardly out of town, both no more than five minutes walk from their train stations.
If we were to move to the Peninsula, would the old David Beckham academy be part of the deal? That might give us a leg up to getting the category 1 Academy status that we need
KEH Holdings COULD own charlton and not be in breach of FA or UEFA rules. "The same competition" would be the league (so currently the championship and conference south) and, i'm guessing, the FA Cup?
Don't think one of the bidders are them tbh. I think they'll give it a lot more time before purchasing a bigger club, possibly after paramount park opens and is up and running.
The picture of Qwest Field reminded me that there is quite a lot of talk about an NFL franchise being awarded to London - probably making 2+2= 5, but an American owner and ground sharing with an NFL franchise in a purpose built stadium next to the O2 has commercial logic at least.
Looking at the location, it would be crippling if another London (bigger) team moved there. If a stadium is to be built there we have to take it.
Good point
Except that Millwall is the only other club in the catchment area. It remains a threat, but its Millwall. Not West Ham as was mooted before they got the Olympic stadium
Does anyone know whether money made from non football entertainment/corporate events counts towards ffp?
If it does you can see why a move would make sense, not that I'm advocating it
If the football club doea not own the stadium there would be very little income from non football entertainment/corporate events. This was the main problem with Coventry very little income except the gate reciepts from which you have to pay the staff including the players and the rent on the stadium. West Ham will have a simular problem if they are relegated unless the lease aggreement is based on which league they are in. I do not think it does.
The picture of Qwest Field reminded me that there is quite a lot of talk about an NFL franchise being awarded to London - probably making 2+2= 5, but an American owner and ground sharing with an NFL franchise in a purpose built stadium next to the O2 has commercial logic at least.
The CAS Trust has tested the water with the ACV application and it has probably ruffled a few feathers at both the club and the Council. We await a response to that. Should a purchase of the club succeed, I would think it not unlikely that at some point, perhaps soon, the CAC supporters are presented with a 'Dear Supporter' letter that is a fait accompli. i.e. the club's long-term future cannot be realised at The Valley and thus it has to move to a new stadium. The bean-counters will have factored in 'x' of our home support saying 'shucks to that' and walking out (and I would not criticise those who do so). The suits will set about a big marketing offensive aimed at the zillions of new residents who are set to move into new homes on and around the peninsula over the next few years. Ditto those moving into the new 'Kidbrooke Village' (where the Ferrier Estate was situated). If it comes down to a 'Move, and the club has a future' v 'Stay put and it doesn't ' , would not most of our supporters be pragmatic and (sadly) accept that finance rules? That said, the club won't continue without its core support...and that is where we can play our part. We can organise, influence, cajole and oppose, should we see fit. Granted, this is not May 1990, but we showed our mettle then, and won. We can do so again.
Comments
1) Luxury apartments would be built along the riverside to fund any new stadium - and of course that fits neatly with Greenwich Council's masterplan for that area.
2) A new stadium on the Peninsula can be more intensively used than The Valley - easy access from central London for conference use for example, and perhaps for night club, bowling alley and other money making activities.
3) The Valley is already situated in a low cost and social housing area; residential development proposals will be given the green light.
'4) The club has been anxious to ensure another football club does not take the Peninsula site.
Conclusion: to the money men interested in profits, we can see they will think it makes sense to move.
KEH Holdings.
Varneys current employers
Thinking about it though, The Peninsula's location would be better for corporate revenue; by a Tube Station so better for the riches of the City and Canary Wharf, by the Thames (better view) and by the O2, so can ride on the coattails of that. Fewer planning issues as well...
The summer price was £43m, but TJ's hand has now been forced.
As for the peninsula stuff, it was the club that set this out in its due diligence report as key to the offer, so it's hardly surprising that an offer said to be from a property company is seen to be connected with it.
That said, the numbers still do not appear to add up without Premier League football, as the purchasers would start out down the £18m purchase price and the debt to the bank, plus the ongoing losses this season and in the future.
Possibly. Possibly not. But we have done all that to death here before.
The point is that the owner who proposes such a scheme should make the case in a rational business like way to the fans, otherwise a proportion of them will tell him to stick it up his peninsula.
That's why the Trust ACV initiative is so important. It gives us six months to either have an adult dialogue, or mobilise against it.
If it does you can see why a move would make sense, not that I'm advocating it
There maybe two bidders
One maybe British and the other American
The sale price is said to be £18m
Still a long way from a full picture I agree or even a name but it is something.
I hope that the deal goes through on the grounds it guarantees we survive as a football for the foreseeable future.
Don't think one of the bidders are them tbh. I think they'll give it a lot more time before purchasing a bigger club, possibly after paramount park opens and is up and running.
Should a purchase of the club succeed, I would think it not unlikely that at some point, perhaps soon, the CAC supporters are presented with a 'Dear Supporter' letter that is a fait accompli. i.e. the club's long-term future cannot be realised at The Valley and thus it has to move to a new stadium.
The bean-counters will have factored in 'x' of our home support saying 'shucks to that' and walking out (and I would not criticise those who do so). The suits will set about a big marketing offensive aimed at the zillions of new residents who are set to move into new homes on and around the peninsula over the next few years. Ditto those moving into the new 'Kidbrooke Village' (where the Ferrier Estate was situated).
If it comes down to a 'Move, and the club has a future' v 'Stay put and it doesn't ' , would not most of our supporters be pragmatic and (sadly) accept that finance rules?
That said, the club won't continue without its core support...and that is where we can play our part. We can organise, influence, cajole and oppose, should we see fit.
Granted, this is not May 1990, but we showed our mettle then, and won.
We can do so again.