The Euxton training ground backs onto the development I used to live on (and am moving back to next month). Its a pretty nice part of the Northwest - one of the rare places that affordable housing and private housing sits side by side without any major issues. The ground is, however, Euxton in name only - its basically Chorley (200 yards down the hill from Chorley A&E)
It's regularly been mooted for development in the future - can't believe its being passed around from club to club - with the amount of new developments round here in the last few years its got to be prime for re-zoning
I am sure I heard on SSN that a new buyer would have to pay £5m for the stadium and training ground, makes our ones look expensive
Its why I think there should be an independent commission that oversees the sale of Football clubs here in the UK
Need something brought in so they cant be sold for £1 (letting chancers in) yet stopping others from holding them to ransom
There needs to be a fully-powered football regulator; a footy equivalent of, say, the Prudential Regulation Authority (PRA).
All sales of clubs and appointment of company directors and officials must be subject to regulator approval and only a limited time in which to rectify any deficiencies. This would, hopefully, prevent the situation we've found ourselves in this year with ESI 1's takeover floundering due to lack of clarity over funding, and ESI 2 fouling foul because Farnell and Elliotttttttttt were dodgy as fcuk.
There's nothing wrong, per se, with selling a club for £1; it could have a price tag of £10m but still have the same problems as us if the new regime is full of wrong 'uns! It should be a condition of sale that all business plans are scrutinised and signed off by the regulator.
For many years I had the "pleasure" of compiling year end insurance business returns for the PRA, consisting of an Income Statement, a Balance Sheet, Solvency details, and a full analysis of the premiums written and claims movements/reserves. After recent events (Sheff Wed/Derby, salary cap) I've been thinking that there should be a footballing equivalent of the PRA return, if there isn't anything already, to help identify financial breaches. This would ensure that all clubs were submitting data to the regulator in the same format and on the same basis instead of the authorities relying on financial statements which may have differing accounting treatments from club to club.
The penalties for breaking the rules should be set out clearly so that everyone - clubs, fans, and media - knows what should happen. The current process seems to be anything but consistent and transparent.
If there was an appetite for any of this within the game then I'm sure it would have been implemented by now but, as we know, the FL is just a members' club that organises its own competitions like the local golf club runs the Sunday Fourballs and the PL is essentially a cartel that begrudgingly allows a bit of movement in its membership. The last thing the owners/PL would vote for was someone to come in and oversee their operations.
There needs to be clear direction on the legal status of football clubs; they can't be treated the same as "normal" limited companies there has to be a separate distinction in Company Law which means that Government has to take the lead and introduce a new Football Companies Finance Act which would include the establishment of a regulatory body with a legal standing and full powers.
They have done really well, 87% of £500,000 raised! Good luck WASC
I'm not knocking those who contributed or the laudable aims of those who organised this, but isn't £500,000 just a drop in the ocean for getting Wigan out of admin?
They have done really well, 87% of £500,000 raised! Good luck WASC
I'm not knocking those who contributed or the laudable aims of those who organised this, but isn't £500,000 just a drop in the ocean for getting Wigan out of admin?
I believe this is to ensure fans will have a seat at the table moving forward.
They have done really well, 87% of £500,000 raised! Good luck WASC
I'm not knocking those who contributed or the laudable aims of those who organised this, but isn't £500,000 just a drop in the ocean for getting Wigan out of admin?
I believe this is to ensure fans will have a seat at the table moving forward.
Wigan administrator wants £3M for the DW Stadium. While it's obviously not in Kensington, a bit of perspective on Roland's price.
Interesting, average price of a flat in nearby roads seems to be about 100-110k.
Roads around the Valley appear to be 3x that on average, but new builds always put a premium on, especially ones in London by a commuter route, so expect a decent flat built on The Valley to set you back 450-500k. That would put Wigan's £3m estimate (selling cheaper than market value to ensure a deal) as quite low, and RD's probable 20m as slightly too high, I'd say Wigan for £5m and The Valley for £15m is more on the money
Wigan administrator wants £3M for the DW Stadium. While it's obviously not in Kensington, a bit of perspective on Roland's price.
Interesting, average price of a flat in nearby roads seems to be about 100-110k.
Roads around the Valley appear to be 3x that on average, but new builds always put a premium on, especially ones in London by a commuter route, so expect a decent flat built on The Valley to set you back 450-500k. That would put Wigan's £3m estimate (selling cheaper than market value to ensure a deal) as quite low, and RD's probable 20m as slightly too high, I'd say Wigan for £5m and The Valley for £15m is more on the money
Blimey I thought I was on the Wimbledon thread and thought where you getting a flat in Wimbledon for £110000.
Wigan administrator wants £3M for the DW Stadium. While it's obviously not in Kensington, a bit of perspective on Roland's price.
Interesting, average price of a flat in nearby roads seems to be about 100-110k.
Roads around the Valley appear to be 3x that on average, but new builds always put a premium on, especially ones in London by a commuter route, so expect a decent flat built on The Valley to set you back 450-500k. That would put Wigan's £3m estimate (selling cheaper than market value to ensure a deal) as quite low, and RD's probable 20m as slightly too high, I'd say Wigan for £5m and The Valley for £15m is more on the money
Way too simplistic I am afraid.
What is the footprint of both stadiums?
What would be the density of build you could put on both sites?
Most importantly, costs to build have a floor so if you are developing low valie homes then the cost of actually building them will be a higher % of their value and hence the land will be commensurably less valuable as developers will all wish to get 20% + profit margins.
Wigan administrator wants £3M for the DW Stadium. While it's obviously not in Kensington, a bit of perspective on Roland's price.
Interesting, average price of a flat in nearby roads seems to be about 100-110k.
Roads around the Valley appear to be 3x that on average, but new builds always put a premium on, especially ones in London by a commuter route, so expect a decent flat built on The Valley to set you back 450-500k. That would put Wigan's £3m estimate (selling cheaper than market value to ensure a deal) as quite low, and RD's probable 20m as slightly too high, I'd say Wigan for £5m and The Valley for £15m is more on the money
Way too simplistic I am afraid.
What is the footprint of both stadiums?
What would be the density of build you could put on both sites?
Most importantly, costs to build have a floor so if you are developing low valie homes then the cost of actually building them will be a higher % of their value and hence the land will be commensurably less valuable as developers will all wish to get 20% + profit margins.
You are also forgetting the one big issue......its a firesale. The administrator is looking to get what he can get now. Quickly. Stadium is probably worth 3 times that.
Until Defoe got deeply involved with the young lad at Sunderland who sadly died I thought he was an arse because he refused to play in a cup game for Portsmouth before moving to Spurs and because Happy Harry stole him from us.
Now I see him as a decent bloke and a proper fan of football everywhere. 👏👏👏
I still hate Defoe with a passion, but that is a great gesture. Fair play to him.
Comments
Wigan Athletic: Administrators confident a deal to sell club can go ahead
https://www.bbc.co.uk/sport/football/53932948
I am sure I heard on SSN that a new buyer would have to pay £4m for the stadium and training ground, makes our ones look expensive
Need something brought in so they cant be sold for £1 (letting chancers in) yet stopping others from holding them to ransom
It's regularly been mooted for development in the future - can't believe its being passed around from club to club - with the amount of new developments round here in the last few years its got to be prime for re-zoning
All sales of clubs and appointment of company directors and officials must be subject to regulator approval and only a limited time in which to rectify any deficiencies. This would, hopefully, prevent the situation we've found ourselves in this year with ESI 1's takeover floundering due to lack of clarity over funding, and ESI 2 fouling foul because Farnell and Elliotttttttttt were dodgy as fcuk.
There's nothing wrong, per se, with selling a club for £1; it could have a price tag of £10m but still have the same problems as us if the new regime is full of wrong 'uns! It should be a condition of sale that all business plans are scrutinised and signed off by the regulator.
For many years I had the "pleasure" of compiling year end insurance business returns for the PRA, consisting of an Income Statement, a Balance Sheet, Solvency details, and a full analysis of the premiums written and claims movements/reserves. After recent events (Sheff Wed/Derby, salary cap) I've been thinking that there should be a footballing equivalent of the PRA return, if there isn't anything already, to help identify financial breaches. This would ensure that all clubs were submitting data to the regulator in the same format and on the same basis instead of the authorities relying on financial statements which may have differing accounting treatments from club to club.
The penalties for breaking the rules should be set out clearly so that everyone - clubs, fans, and media - knows what should happen. The current process seems to be anything but consistent and transparent.
If there was an appetite for any of this within the game then I'm sure it would have been implemented by now but, as we know, the FL is just a members' club that organises its own competitions like the local golf club runs the Sunday Fourballs and the PL is essentially a cartel that begrudgingly allows a bit of movement in its membership. The last thing the owners/PL would vote for was someone to come in and oversee their operations.
There needs to be clear direction on the legal status of football clubs; they can't be treated the same as "normal" limited companies there has to be a separate distinction in Company Law which means that Government has to take the lead and introduce a new Football Companies Finance Act which would include the establishment of a regulatory body with a legal standing and full powers.
That's my two penn'orth ...
https://www.crowdfunder.co.uk/save-wigan-athletic
Roads around the Valley appear to be 3x that on average, but new builds always put a premium on, especially ones in London by a commuter route, so expect a decent flat built on The Valley to set you back 450-500k. That would put Wigan's £3m estimate (selling cheaper than market value to ensure a deal) as quite low, and RD's probable 20m as slightly too high, I'd say Wigan for £5m and The Valley for £15m is more on the money
What is the footprint of both stadiums?
What would be the density of build you could put on both sites?
Most importantly, costs to build have a floor so if you are developing low valie homes then the cost of actually building them will be a higher % of their value and hence the land will be commensurably less valuable as developers will all wish to get 20% + profit margins.