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The Falkirk FC Thread


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21 hours ago, Van_damage said:

Which is why we should make enquiries about the KM Stand! 

Any purchase must be for the whole stadium and assets within them plus the surrounding land the car park for example. Then there is total control of the facility and the basis for a business plan to exploit it and finance its own purchase.

The only way the council could be enticed to sell is a one-off payment they can't turn down and the club have enough financial challenges as it is.

Council must be pissing themselves laughing stitching up such a gullible lot.

 

 

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54 minutes ago, HopeStreetWalker said:

Any purchase must be for the whole stadium and assets within them plus the surrounding land the car park for example. Then there is total control of the facility and the basis for a business plan to exploit it and finance its own purchase.

The only way the council could be enticed to sell is a one-off payment they can't turn down and the club have enough financial challenges as it is.

Council must be pissing themselves laughing stitching up such a gullible lot.

 

 

Not necessarily so. For one thing, there are multiple owners. The KM7 Stand was financed by SA, and a rent has been paid every year since. I think in this last year, it was £85,000.

If SA has had his capital investment back in the intervening years, then who knows, perhaps a single lump final payment might be enough for the Stand to become a Club asset.

If it could be had (for argument’s sake) for £250k (or something in that ballpark), it would represent good longer term value to the club. It would be capital expenditure, not operating expenditure.

Not paying that rent for four years or so, and it effectively pays for itself thereafter.

Pure conjecture on my part…..SA might want significantly more.

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22 minutes ago, Duncan Freemason said:

Not necessarily so. For one thing, there are multiple owners. The KM7 Stand was financed by SA, and a rent has been paid every year since. I think in this last year, it was £85,000.

If SA has had his capital investment back in the intervening years, then who knows, perhaps a single lump final payment might be enough for the Stand to become a Club asset.

If it could be had (for argument’s sake) for £250k (or something in that ballpark), it would represent good longer term value to the club. It would be capital expenditure, not operating expenditure.

Not paying that rent for four years or so, and it effectively pays for itself thereafter.

Pure conjecture on my part…..SA might want significantly more.

Out-of-interest and for arguments sake - Not sure it requires outright ownership to achieve -

If the club did buy the KM7 stand what additional revenues could the club generate from it?

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15 minutes ago, Blame Me said:

Out-of-interest and for arguments sake - Not sure it requires outright ownership to achieve -

If the club did buy the KM7 stand what additional revenues could the club generate from it?

Renting out the bar space and the gym side of the building. Possibly move some functions from the main stand to reduce rent we pay the council? Might be worthwhile but I don't know the numbers so who knows.

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47 minutes ago, Duncan Freemason said:

Not necessarily so. For one thing, there are multiple owners. The KM7 Stand was financed by SA, and a rent has been paid every year since. I think in this last year, it was £85,000.

If SA has had his capital investment back in the intervening years, then who knows, perhaps a single lump final payment might be enough for the Stand to become a Club asset.

If it could be had (for argument’s sake) for £250k (or something in that ballpark), it would represent good longer term value to the club. It would be capital expenditure, not operating expenditure.

Not paying that rent for four years or so, and it effectively pays for itself thereafter.

Pure conjecture on my part…..SA might want significantly more.

Until the club can somehow contrive to get all stakeholders to agree to a single buyout of the TFS and surrounding land. Then FFC have a financial millstone around their neck in yearly rent, and lease payments that will only get more expensive that comes off our income year in year out. Would give us the fear if it was ever disclosed how much the club have paid out over the years and have diddly squat to show for it.

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Rental from bar & gym already goes to FFC doesn’t it? Buying the stand would simply stop the rent each year which wouldn’t be a bad thing but obviously depends on how much, not a situation we need to think about in the current climate though. 

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13 minutes ago, RC55 FFC said:

Rental from bar & gym already goes to FFC doesn’t it? Buying the stand would simply stop the rent each year which wouldn’t be a bad thing but obviously depends on how much, not a situation we need to think about in the current climate though. 

I have no idea in all honesty.

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1 hour ago, Duncan Freemason said:

Not necessarily so. For one thing, there are multiple owners. The KM7 Stand was financed by SA, and a rent has been paid every year since. I think in this last year, it was £85,000.

If SA has had his capital investment back in the intervening years, then who knows, perhaps a single lump final payment might be enough for the Stand to become a Club asset.

If it could be had (for argument’s sake) for £250k (or something in that ballpark), it would represent good longer term value to the club. It would be capital expenditure, not operating expenditure.

Not paying that rent for four years or so, and it effectively pays for itself thereafter.

Pure conjecture on my part…..SA might want significantly more.

£250k.  Are you on glue?  

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15 minutes ago, Harry Kinnear said:

If I was an elderly rich person who owned a stand, I would maybe think about gifting it to the club I love and have supported all my life………….. only saying if.

Not sure if they have any foundation to them but the rumours have always been that SA has left the KM7 stand to the club in his wil.

Edited by LatapyBairn.
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17 minutes ago, Harry Kinnear said:

If I was an elderly rich person who owned a stand, I would maybe think about gifting it to the club I love and have supported all my life………….. only saying if.

Maybe the elderly rich persons relatives would have an opinion on that.

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