Chester investment

[krux]

Originally Posted by Todd Sweeney

I realise that is what you want. But you can’t make that kind of call without asking the owners.

What you are effectively asking is for the club to put itself up for sale.

yep.

[gazaw]

Originally Posted by Inside Left

Depends on the terms of the lease (If any on here have viewed it) but the Uni still have the upper hand. Changes in property law could be a game changer.

Would be a game changer if we have a buy out clause within the lease with a discount on the value at the time of purchase.

[Quay Red]

Originally Posted by krux

yep.

Mental

[krux]

Originally Posted by Quay Red

Mental

I don't like it when you beat about the bush, just be straight!

[Phils-an-alki]

Originally Posted by Quay Red

Mental

Not really, they wouldn’t have to sell.

[RemovedUser]

Originally Posted by krux

its still an asset. you can say that its not an asset like owning it, or that there are onerous terms in the lease which impact on our ability to make money from it, but that is just questioning the value of the asset.

There is no value for the lease in the Accounts. Though I do agree there may be a value in it, impaired as it is.

I believe a “restricted use” clause within the lease that states that the land can only be used for its current purpose..... a sports venue.

So anyone coming in to buy the Club, with the motive of development would need to buy the ground from the University and then seek planning for a change of use.

Given the previous, that may be very difficult to achieve, with regards to getting said planning, the Council being on board, and most of all, the will of the fans. As others have found out, the fans are not to be messed with.

With that in mind, one might think that anyone who does come in, wanting to “invest” will be doing so with the right intentions?

[RemovedUser]

Originally Posted by Redrobinman

There is no value for the lease in the Accounts. Though I do agree there may be a value in it, impaired as it is.

I believe a “restricted use” clause within the lease that states that the land can only be used for its current purpose..... a sports venue.

So anyone coming in to buy the Club, with the motive of development would need to buy the ground from the University and then seek planning for a change of use.

Given the previous, that may be very difficult to achieve, with regards to getting said planning, the Council being on board, and most of all, the will of the fans. As others have found out, the fans are not to be messed with.

With that in mind, one might think that anyone who does come in, wanting to “invest” will be doing so with the right intentions?

The other complicating factor for a new owner is that they would have to assume the Universities position as landlord with regard to the 99 year lease, and the Clubs rights within that. There would be a cost to the new owners if they wanted to “buy out” the terms of the lease.

[wil]

It really is sounding like someone scarred for life after a traumatic experience. To be expected to a degree. Getting over that would be the first hurdle.

[krux]

Originally Posted by Redrobinman

There is no value for the lease in the Accounts. Though I do agree there may be a value in it, impaired as it is.

I believe a “restricted use” clause within the lease that states that the land can only be used for its current purpose..... a sports venue.

So anyone coming in to buy the Club, with the motive of development would need to buy the ground from the University and then seek planning for a change of use.

Given the previous, that may be very difficult to achieve, with regards to getting said planning, the Council being on board, and most of all, the will of the fans. As others have found out, the fans are not to be messed with.

With that in mind, one might think that anyone who does come in, wanting to “invest” will be doing so with the right intentions?

I'm not sure why there is no value to the lease on the books, but I'm sure there is an accountant on here who could explain.


If they were redeveloping the whole ground they would need change of use, but what about part of it?
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