The Falkirk FC Thread

[LatapyBairn.]

1 minute ago, Disco Duck said:

I have no idea but if the rent is £85k then he’d be daft to sell it for anything resembling that.

Or maybe rather than being “daft” he’d be acting as a philanthropic life long Falkirk fan in his elderly years who already has more money than god anyway. 

[LatapyBairn.]

1 minute ago, Reggie Perrin said:

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

They may

[Harry Kinnear]

10 minutes ago, Reggie Perrin said:

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

Maybe they would 

[NavyBlueArmy1876]

We've been paying SA £75-85k a season in 'rent' for the last 13 years, or just over £1m in total. 

Given it cost around £3m to build at the time he's still got a fair way to go before getting his money back

[Kevin James Left Knee]

PERSONAL VIEW - I wonder how many people would hand over an asset work say 1/5th of all their assets for free? Say their new car? I do think people are ungrateful at times for the soft loan that is the MK stand. It is easy to spend someone else's money.

[Zbairn]

32 minutes ago, NavyBlueArmy1876 said:

We've been paying SA £75-85k a season in 'rent' for the last 13 years, or just over £1m in total. 

Given it cost around £3m to build at the time he's still got a fair way to go before getting his money back

Don’t think it was £3 mill. to build. Heard it was nearer £1.5 mill.
Therefore, not such a bad idea to try and buy it, considering the cash it has generated over the years for SA. To gift it to the fans at a knock down price, would be a lasting legacy.

[Zbairn]

3 minutes ago, Kevin James Left Knee said:

PERSONAL VIEW - I wonder how many people would hand over an asset work say 1/5th of all their assets for free? Say their new car? I do think people are ungrateful at times for the soft loan that is the MK stand. It is easy to spend someone else's money.

Slightly different scenario if your total assets are £5 million, compared to £500. To be left with only £4 million is still pretty dandy. Notwithstanding the cash it has already generated for him.

[Disco Duck]

36 minutes ago, NavyBlueArmy1876 said:

We've been paying SA £75-85k a season in 'rent' for the last 13 years, or just over £1m in total. 

Given it cost around £3m to build at the time he's still got a fair way to go before getting his money back

That makes more sense to me.  If he’s only charging rent at a net yield of c2.7%, that’s way below what the club would merit - so the “give” to the club is the rent is low.  

[Kevin James Left Knee]

4 minutes ago, Zbairn said:

Slightly different scenario if your total assets are £5 million, compared to £500. To be left with only £4 million is still pretty dandy. Notwithstanding the cash it has already generated for him.

So let's say 1.5million out of £5million - pretty much one third of your assets. Now I have no idea who you are but let's say you own a house worth £100,00. Will you give the club £30,000 as a donation from your relative worth?

Edited March 3, 2023 by Kevin James Left Knee

[Guest]

30 minutes ago, Kevin James Left Knee said:

PERSONAL VIEW - I wonder how many people would hand over an asset work say 1/5th of all their assets for free? Say their new car? I do think people are ungrateful at times for the soft loan that is the MK stand. It is easy to spend someone else's money.

I think Sandy should be thanked for all he’s done for the club but it’s still a question worth asking. As far as we know the money we’ve paid so far is just rent. If it was a soft loan then would still be great to know how much was left and see if there was a chance to raise it. If we could save £85k a year then could buy 3 players with that money. 

Edited March 3, 2023 by Van_damage

[grumpyoldman]

1 hour ago, Zbairn said:

Don’t think it was £3 mill. to build. Heard it was nearer £1.5 mill.
Therefore, not such a bad idea to try and buy it, considering the cash it has generated over the years for SA. To gift it to the fans at a knock down price, would be a lasting legacy.

Stand in the accounts at just shy of £2m, it is owned by South Stand Development Company Limited. The club have one share in this company.

https://find-and-update.company-information.service.gov.uk/company/SC324749

 

Edited March 3, 2023 by grumpyoldman

[HoBNob]

11 minutes ago, Zbairn said:

Don’t think it was £3 mill. to build. Heard it was nearer £1.5 mill.
Therefore, not such a bad idea to try and buy it, considering the cash it has generated over the years for SA. To gift it to the fans at a knock down price, would be a lasting legacy.

Surely building the stand should be a pretty good Legacy? It doesn't sound like it's generated any money for him yet, the yearly rental won't have covered the costs of building the stand. However surely it can't be argued that is has generated money for Falkirk? I'd imagine it's got a higher capacity than the gazebo, plus you have the bar etc in the stand? 

Your deal with the council sounds shitty, but this guy seems to have done the club a solid. While he has his own interests he has undoubtedly had the clubs interests at heart aswell. It's doubtful he'll have the club over a barrel. 

[Disco Duck]

6 minutes ago, Grant228 said:

Surely building the stand should be a pretty good Legacy? It doesn't sound like it's generated any money for him yet, the yearly rental won't have covered the costs of building the stand. However surely it can't be argued that is has generated money for Falkirk? I'd imagine it's got a higher capacity than the gazebo, plus you have the bar etc in the stand? 

Your deal with the council sounds shitty, but this guy seems to have done the club a solid. While he has his own interests he has undoubtedly had the clubs interests at heart aswell. It's doubtful he'll have the club over a barrel. 

God I hate it when you post something sensible.

[Zbairn]

23 minutes ago, Kevin James Left Knee said:

So let's say 1.5million out of £5million - pretty much one third of your assets. Now I have no idea who you are but let's say you own a house worth £100,00. Will you give the club £30,000 as a donation from your relative worth?

Again…..it’s a slight difference retaining £3.5 million to live off than £70k…….if your house is worth £100k by your reasoning. It’s all relative based on your net worth. Much easier to do the wealthier you are.

[LatapyBairn.]

26 minutes ago, Kevin James Left Knee said:

So let's say 1.5million out of £5million - pretty much one third of your assets. Now I have no idea who you are but let's say you own a house worth £100,00. Will you give the club £30,000 as a donation from your relative worth?

Sandy Alexander’s net worth will be considerably higher than 5 or even 10 million. He’s worth way way north of that! 

[roman_bairn]

1 hour ago, Back Post Misses said:

What do you think SA would want for it? 

Am I wrong in believing it was about £2.3M to construct, what 15+ years ago? We must have paid back the bulk of that by now?

Arguably if we squared up the balance that should really be adequate I would have thought? However that might be £500k plus….

[Long Suffering Bairn]

Ok, I am the exact opposite end of the wealth scale than Sandy Alexander, but due to health issues and age, I've not got many years left ahead of me either so  we are in that one boat together at least.  I find that as time is ticking away the value I place on possessions, money and the things I own get dramatically less and less.  Got to let go eventually.  The point I am trying to make is I wouldn't be surprised if he left the stand to the club as long has his family are otherwise looked after.  If I were in his comfortable position I would do it in a heartbeat.

I wish I had learned this lesson in life much earlier.

Edited March 3, 2023 by Long Suffering Bairn

[Guest Wind Chime Jimmy]

28 minutes ago, Long Suffering Bairn said:

Ok, I am the exact opposite end of the wealth scale than Sandy Alexander, but due to health issues and age, I've not got many years left ahead of me either so  we are in that one boat together at least.  I find that as time is ticking away the value I place on possessions, money and the things I own get dramatically less and less.  Got to let go eventually.  The point I am trying to make is I wouldn't be surprised if he left the stand to the club as long has his family are otherwise looked after.  If I were in his comfortable position I would do it in a heartbeat.

I wish I had learned this lesson in life much earlier.

Good post. 

[Guest Caractacus Potts]

The KM Stand is an asset. It’s of little worth to Sandy as income other than the rent. If Falkirk were to go bust then it would be effectively worthless. 

It has been of great benefit to us and Sandy deserves full praise for doing that but if he could sell it to the fans then what a legacy that would leave. Just say £425k, that would be 5 years more rent plus whatever we’ve paid. 

The problem is no one knows for sure if there is a plan to gift it or what. If it ends up to another owner then could be another millstone around our neck. Would be good to find out anyway as sure the fans could come together if there was an end result to a fundraiser. Same with the Main Stand. 

[Bigbrbairn]

I wish Sandy Alexander the best of health and hope him and his family have a long time to appreciate each other and enjoy his hard earned wealth. Dont like this focus on his will after death. Gross!