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Gibb to return ?

Discussion in 'City Talk' started by Lard Arse, Jul 9, 2018.

  1. Dennis

    Dennis Captain
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    I wouldn't be holding up either the Coventry rental deal or the Rotherham ownership arrangements as ideal despite their better league position.

    Coventry had to move miles away from Coventry when they had the argument in SISU over their £1.3m rent and spent several years on the road. They moved back when SISU went into liquidation and became a tenant of Wasps for about half the original rent. They were later served an eviction notice by Mike Ashley, who became the new owner of the CBS stadium when Wasps themselves got into difficulties. Coventry and Ashley negotiated a short term tenancy last year but only until the end of the current season. It remains to be seen how those negotiations on a new tenancy are resolved. But Ashley will certainly be playing hard ball.

    Rotherham's stadium holds a little over 12,000 and ultimately cost £20mill to build and refurbish! Fortunately for them, the local council put some money in and it became a community owned asset. All non-footballing activities are under the control of the Council. Would we want a deal like that for a new stadium and would the local council even be willing to invest ratepayers money into a new etadium?

    I'm not sure I'd want to emulate either of those clubs so far as their stadium arrangements are concerned.

    I don't believe there is a simple solution to our situation. We certainly don't hold all of the cards. In fact, the only one of any substance we do hold is the option to extend the current lease arrangements. Whatever might happen, it's good to hear that Ryan and Gibb are speaking after so many years of silence with JR.
     
  2. Bronco

    Bronco Star Player
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    Not sure how you come to that conclusion, there is no alternative that's the whole point, I'm sure Ryan is speaking with Gibb and the stadium will be top of the agenda but like it or not Gibb holds the aces in this situation.
    Your examples above Coventry were forced out of the city because of their ground situation and they still had to return to the Ricoh Arena, and there is still a lot of problems going forward with regard the stadium I believe.
    Rotherham got a new stadium because they were forced out of Millmoor when Ken Booth was the owner of the stadium having to play at the don valley stadium for a number of years, Tony Stewart a life long Rotherham fan was very much behind the financing of building of the New York Stadium, do you believe Rupp will finance a new 20.000+ stadium, the New York Stadium cost £20 million back in 2011 I'd suggest you could triple that at least for a modern stadium that held 20,000 in this day and age.
    Seriously do you believe with 5 years or so to go Gordon Gibb is worried that Bradford City Football Club have any bargaining power with regards stadium cost going forward, lets hope if there is another deal to be had which there will be, it will be on more favourable terms than the last one, because some serious money will need investing soon I'm not sure Rupp will be up for that as the tenant, can we hope Ryan is talking to Gordon Gibb with regards becoming the new owner, we can dream.
     
  3. Bronco

    Bronco Star Player
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    Yes that could be an option, not sure Huddersfield's pitch would be up to two football teams and a rugby team playing on their pitch especially if they get new owners, which if you believe the rumours the vultures are hovering.
    Barnsley would possibly be an option but once again I think we could wave goodbye to 15/16,000 City home fans traveling a 60 mile round trip, that's even if we could offer cheap season tickets.
    During Coventys time at Northampton there home attendances were shocking even though they were boycotting for a different reason to what we would have, these are a few of the home attendances.
    1,603 v Carlisle, 2013-14
    1,618 v Crewe, 2013-14
    1,627 v Port Vale, 2013/14
    1,637 v Walsall, 2013-14
    1,697 v Stevenage, 2013-14
    1,789 v Colchester, 2013-14
    1,815 v Tranmere, 2013-14
    1,961 v Rotherham, 2013-14
    1,966 v Shrewsbury, 2013-14
    2,046 v Gillingham, 2013-14
    I wish I had you're confidence with regards Gibb making an offer we couldn't refuse, after the one season for the reasons I've posted above, but unfortunately I believe he'd take one look at our home attendances and realise we need him more than he needs us IMO.
     
  4. Loyalbantam

    Loyalbantam Squad Player
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    You sound like someone stuck in a marriage they don’t want to be in because they believe there’s no alternative or staying is the easiest option.

    However hard the alternative’s are, there are alternatives.
     
  5. Birky Bantam

    Birky Bantam Impact Sub
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    Coventry also had to play a season at Northampton. They also still don't own it so they've not really gained anything, issues still exist including at the start of this season when the stadium owners allowed rugby games to be played on the pitch which destroyed it meaning Coventry had to postpone home games at the start of the season which has resulted in them having a suspended 5 points deduction. If we had to play a season at another stadium it would risk losing fans and we wouldn't be able to afford to be self sustainable with the loss of ticket and commercial revenue.
     
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  6. Bronco

    Bronco Star Player
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    Why do you have to get personal, is there any point in posting a different opinion when you come out with that sort of reply.
    I've posted my option, answer them if you can, I've not said there aren't alternatives but they will only be alternatives that Gordon Gibb offers because like it or not the club have little leverage with regards playing elsewhere.
    Read Dennis's reply he's bang on.
     
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  7. Bronco

    Bronco Star Player
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    Cracking post @Birky Bantam@Birky Bantam if as were told the commercial team have generated over £8mill a record with regards off field finances, just imagine saying to our sponsors were going to Barnsley or Huddersfield for a season at least bear with us even though none of your advertisements/sponsorships will be available at Oakwell or the John Smith's Stadium.
    We boast about our home attendances but we know they would be no where near what they are getting if we were paying anything like other league two teams charge, I don't think even if the club kept the cheap tickets we could get anywhere near the recent attendances, and what sort of knock on would that be to hospitality, merchandise etc, Ryan has to sweet talk Gibb and get the best deal he can, but we shouldn't take Gordon Gibb for the fool or even believe he owes Bradford City anything.
     
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  8. Kevin1954

    Kevin1954 Squad Player
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    Sparks said they talk to the pension fund on a regular basis that was also in his interview.
     
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  9. Loyalbantam

    Loyalbantam Squad Player
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    I wasn’t being personal, I was giving an analogy.

    To get the best deal for the club it may mean difficult decisions on the stadium.
    Rest assured though if we continue to pay £500k a year in rent we’ll probably see out history in the bottom 2 divisions without major investment.
     
  10. Bronco

    Bronco Star Player
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    I honestly believe if Ryan goes in with those sort of proposals Gibb will laugh at him, before Ryan could even mention that scenario he would have had to get the agreement of the likes of Huddersfield Town or Barnsley and of course get the ELF blessing.
    I can't see either being an option for the very reasons I've given, fans wise and sponsorship wise, lets hope Gibb is looking more into getting back into football as he was quoted as saying his time at Valley Parade has not put him off another dabble in the game.
     
  11. andyc

    andyc Impact Sub
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    Climb the leagues and the rent would be less of an issue, don't championship clubs get circa £5 million a year in payments from the premier league.
    Even if Gibb did return to the club in some form and i would be surprised if he did, what are fans expecting him to do, forgo the rent. I do not think that is possible , as the trustees of the pension fund, the actual owners of the stadium , have a legal duty to maximise income. As others have said moving away from VP would be like shooting ourselves in the foot , finance wise, unless the 6 to 8 thousand , who might attend are willing to pay more than double for a season ticket, and what would say Town want to rent us their stadium £5000 per game? There are only a few reasonable outcomes here of which renewing the lease is one, something already on the table. The council finally realise that Odsal stadium is not , has not or never will be shangri la and shut it down and throw there lot into the one fairly decent stadium in the city, basically no chance and would you trust them with the upkeep of the ground. Or we finally land an owner with the money and desire to put this club back on a strong footing. Don't hold your breath.
     
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  12. Captain Grumpy

    Captain Grumpy Impact Sub
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    Not sure about us raising £8 million Dave, if true that would be a sensational achievement by the commercial team.
     
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  13. Bronco

    Bronco Star Player
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    I don't think for a minute he would come back to City but as I posted he said he wouldn't rule out a return to football, as you say the rent was a very good earner for the pension fund how could he generate that kind of return or could he put a lump sum into the pension pot offsetting the rent for the stadium.
    I can't see in these difficult times our council being interested in helping out, and to be honest I don't want my council tax putting into a private business who's owner is reputed to have a net wealth of €130mill.
     
  14. Bronco

    Bronco Star Player
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    I read it somewhere and believe it was a quote from Ryan himself, I'll try and dig it out.
     
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  15. andyc

    andyc Impact Sub
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    Yes i heard the same, record commercial activity and turnover approaching £8 million.
     
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  16. Storck

    Storck Regular Starter

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    Would be a massive jump as turnover for the whole club was less that £5m in 2021
     
  17. andyc

    andyc Impact Sub
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    The stupid thing here Dave, is the council could have bought the stadium during the administrations and rented back to the club at a much lower rate than the pension fund and still turned a tidy profit for the ratepayers.
    Was it not £2.5 million the fund paid for the ground. The fund will have had somewhere in the region of £10 to £11 million in rent by the time the deal ends , with even more if the agreement is taken up with the built in periodical increases.
    It was a no brainer, where else would you get such returns on your investment.
     
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  18. Storck

    Storck Regular Starter

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    But it was also a risk that the club would go belly up and leave the council with another expensive piece of land
     
  19. andyc

    andyc Impact Sub
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    it would, but crowds are up and we paid more for our tickets, we have also signed lots of new commercial sponsor's.
    Morrisons the latest announced just this week. Also i believe the shop is doing a roaring trade and don't we get at cut of sales above a certain point from the catering.
     
  20. Storck

    Storck Regular Starter

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    I'm presuming Morrisons are paying more than JCT did for the sponsorship of the stand?

    We would know if the club had filed the accounts on time
     

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