parsforlife Posted March 3, 2023 Share Posted March 3, 2023 Where do Falkirk fans propose the money comes from to buy out SA and/or the council from the sound of things that’s a lot of cash to come up with and given you have needed to secure loans loans to get through the last couple of seasons it doesn’t sound like there’s much going around to make such long term future investment. Don’t know what rent you pay the council but It sounds like you pay more for one stand on top of whatever that is than our entire lease on east end. 0 Quote Link to comment Share on other sites More sharing options...
Springfield Posted March 3, 2023 Share Posted March 3, 2023 1 hour ago, Bigbrbairn said: 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! Absolutely, the guy is a Falkirk supporter and has financially backed the club through the darkest hours, and unfortunately has been subjected to some horrible abuse. 10 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2023 Share Posted March 3, 2023 5 hours ago, Disco Duck said: £250k. Are you on glue? You are looking at it solely as a cold hard business deal. Maybes aye, maybes naw. It’s not a property company that own it with ready made 10 and 20 year business plan projections on future revenue generation. It’s a Falkirk fan. Of course, he is an accomplished business man, but the potential settlement figure should at least be explored and if nothing else, understood. Who knows, the BoD may well have trodden that path already. 0 Quote Link to comment Share on other sites More sharing options...
Shodwall cat Posted March 3, 2023 Share Posted March 3, 2023 We shouldn't forget that the ground that the south stand is built on is still owned by the council and leased to the club at no cost. It's a bloody joke that the club has come out of the stadium deal with basically nothing that doesn't rely on the council . 1 Quote Link to comment Share on other sites More sharing options...
bairn88 Posted March 4, 2023 Share Posted March 4, 2023 Can’t be there tomorrow - if someone could get a good video of the minutes applause that would be much appreciated 0 Quote Link to comment Share on other sites More sharing options...
Harry Kinnear Posted March 4, 2023 Share Posted March 4, 2023 9 hours ago, Shodwall cat said: We shouldn't forget that the ground that the south stand is built on is still owned by the council and leased to the club at no cost. It's a bloody joke that the club has come out of the stadium deal with basically nothing that doesn't rely on the council . Who negotiated the deal for the stadium on behalf of the club, seems like we have been well and truly shafted on most fronts. 0 Quote Link to comment Share on other sites More sharing options...
Derry Alli Posted March 4, 2023 Share Posted March 4, 2023 12 hours ago, Long Suffering Bairn said: I wish I had learned this lesson in life much earlier. That's the story of life! Wish you all the best, mate. 1 Quote Link to comment Share on other sites More sharing options...
Disco Duck Posted March 4, 2023 Share Posted March 4, 2023 31 minutes ago, Harry Kinnear said: Who negotiated the deal for the stadium on behalf of the club, seems like we have been well and truly shafted on most fronts. We weren’t exactly in a position of strength 1 Quote Link to comment Share on other sites More sharing options...
RC55 FFC Posted March 4, 2023 Share Posted March 4, 2023 0 Quote Link to comment Share on other sites More sharing options...
RC55 FFC Posted March 4, 2023 Share Posted March 4, 2023 Brilliant night at the clubs speakers night at Inchyra (In Sheera if you are Peter Martin) last night. Just shy of 400 there which was phenomenal. £16k made from the auction alone they said and the final total from tickets & raffle etc to be confirmed. John McGlynn & Paul Smith attended until around 9pm to get home ahead of today. Some ex players there too Joe McLauchlin, Andy Lawrie, Neil Oliver & Jimmy Gilmour. Roughie was good although no new material. Peter Martin was very funny & off the cuff although I’m sure some won’t have liked his material at parts, in the world we now find ourselves in. Brilliant night though, well organised & sets us up for today nicely. Well done FFC . 6 Quote Link to comment Share on other sites More sharing options...
Shodwall cat Posted March 4, 2023 Share Posted March 4, 2023 1 hour ago, Harry Kinnear said: Who negotiated the deal for the stadium on behalf of the club, seems like we have been well and truly shafted on most fronts. Martin Ritchie and George Craig were certainly on the fcsl board at the time and wait for it accountancy advice was from one Gary deans of KPMG. 0 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted March 4, 2023 Share Posted March 4, 2023 10 hours ago, Shodwall cat said: We shouldn't forget that the ground that the south stand is built on is still owned by the council and leased to the club at no cost. It's a bloody joke that the club has come out of the stadium deal with basically nothing that doesn't rely on the council . Is that land not on a 175 year lease tho? At something daft like £1 a year? The club do effectively own the land 0 Quote Link to comment Share on other sites More sharing options...
Wingman Posted March 4, 2023 Share Posted March 4, 2023 24 minutes ago, RC55 FFC said: Brilliant night at the clubs speakers night at Inchyra (In Sheera if you are Peter Martin) last night. Just shy of 400 there which was phenomenal. £16k made from the auction alone they said and the final total from tickets & raffle etc to be confirmed. John McGlynn & Paul Smith attended until around 9pm to get home ahead of today. Some ex players there too Joe McLauchlin, Andy Lawrie, Neil Oliver & Jimmy Gilmour. Roughie was good although no new material. Peter Martin was very funny & off the cuff although I’m sure some won’t have liked his material at parts, in the world we now find ourselves in. Brilliant night though, well organised & sets us up for today nicely. Well done FFC . Yes, totally agree. Top marks to the Inchyra staff for dealing with the huge numbers. Martin was great but would be quickly binned off P&B. Roughie was ‘okay’. Really sad times we live in. 0 Quote Link to comment Share on other sites More sharing options...
Harry Kinnear Posted March 4, 2023 Share Posted March 4, 2023 1 hour ago, Disco Duck said: We weren’t exactly in a position of strength How much of Brockville and the land did we own and how much did we make from the Morrisson’s deal. I’m not being arsey I just don’t know. The deal we are currently tied into seems terrible and is costing the club a lot of money yearly. Do other clubs like Livingston, St Mirren etc who have new stadiums have the same kinds of costs as us. 0 Quote Link to comment Share on other sites More sharing options...
Disco Duck Posted March 4, 2023 Share Posted March 4, 2023 20 minutes ago, Harry Kinnear said: How much of Brockville and the land did we own and how much did we make from the Morrisson’s deal. I’m not being arsey I just don’t know. The deal we are currently tied into seems terrible and is costing the club a lot of money yearly. Do other clubs like Livingston, St Mirren etc who have new stadiums have the same kinds of costs as us. We really are raking over old ground here. Livi went bust at least once because of their ground, and Smurn won a watch when Tesco bought their old ground from them AND built them a new ground. Neither is comparable. We are lucky we avoided all the Masterton Stadia Investments stuff - never mind paying high rents, we might not be around any more. we are where we are. Maybe SA will donate something at some point, but we can’t assume that. Maybe the council will give us part of the stadium in the fullness of time, but it’s going to be very low down their list and any council officer seen to give anything away for undervalue when the council is already bust will very quickly lose their job. We just need to concentrate on moving up the leagues and generating more revenue. But I’m more interested is seeing us play decent football. 0 Quote Link to comment Share on other sites More sharing options...
Disco Duck Posted March 4, 2023 Share Posted March 4, 2023 32 minutes ago, LatapyBairn. said: Is that land not on a 175 year lease tho? At something daft like £1 a year? The club do effectively own the land That’d be fairly typical in the circumstances - ground lease at nominal rent. It means the council will have a restriction on what we can use it for, but in practical terms it’s ours. 0 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted March 4, 2023 Share Posted March 4, 2023 (edited) 5 hours ago, Harry Kinnear said: Who negotiated the deal for the stadium on behalf of the club, seems like we have been well and truly shafted on most fronts. The deal was re-negotiated a few years ago because the stadium company was loosing money. Initially the club owned 51% of “Falkirk Community Stadium Ltd” but that was then carved up with the assets being separated out between the council and the club. Council took on the debt but basically now own all the internal money making facilities in the main stand bar the changing rooms so the club now pays a service charge to use any of the corporate, hospitality or catering facilities. Club owns the seats, concourse catering area and the pitch with SA owning the south stand and the club owning the north stand. Edited March 4, 2023 by LatapyBairn. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 4, 2023 Share Posted March 4, 2023 5 hours ago, Harry Kinnear said:Do other clubs like Livingston, St Mirren etc who have new stadiums have the same kinds of costs as us. St Mirren own their ground outright and was funded by the sale of Love Street. Livingston own nothing of theirs, and pay rent on a sliding scale depending on what league they are in. I don’t know about now, but 7 or 8 years ago, their stadium cost them peanuts. In return, the council had/have a hospitality box all to themselves. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 4, 2023 Share Posted March 4, 2023 2 hours ago, LatapyBairn. said: The deal was re-negotiated a few years ago because the stadium company was loosing money. Initially the club owned 51% of “Falkirk Community Stadium Ltd” but that was then carved up with the assets being separated out between the council and the club. Council took on the debt but basically now own all the internal money making facilities in the main stand bar the changing rooms so the club now pays a service charge to use any of the corporate, hospitality or catering facilities. Club owns the seats, concourse catering area and the pitch with SA owning the south stand and the club owning the north stand. Do we definitely own the North Stand? I was looking through some of the accounts the other day and noticed this regarding North Stand payments from our 04/05 accounts. Doesn’t appear to be mentioned since though. 0 Quote Link to comment Share on other sites More sharing options...
latapythelegend Posted March 4, 2023 Share Posted March 4, 2023 Good to see the north stand at 1.39% capacity today. In terms of football, they will collapse after the first goal but getting that first goal looks improbable so far. 1 Quote Link to comment Share on other sites More sharing options...
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