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Gibb to return ?

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

  1. Yorkieman

    Yorkieman Impact Sub

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    Sounds good, but it was actually quite risky. Had the club gone into liquidation after day five years, that would mean Gibb's pension fund would get four years at 12%, but then nothing, and would end up with an asset that could well have been worthless. In the event of the club going out of existence the stadium could have been bulldozed and used as a brownfield site, but brownfield land in Bradford is plentiful and cheap.

    It isn't as though Valley Parade is prime real estate.

    So, on first glance the returns might seem very attractive, but there was a lot of risk involved.

    Luckily for Gibb's pension fund they've had sufficient years of rental income to make it a good ROI even if the property/land did end up being worthless in 10 years time - although at that point it could become a liability that would require considerable maintenance and/or huge expense to demolish.
     
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  2. Lard Arse

    Lard Arse Impact Sub
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    Leveraged Oil Investments Park.
    The return's are massive (as are the potential losses) but they are out there if you want to take the risks
     
  3. Campbell's soup

    Campbell's soup Impact Sub
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    £500 can help you get £250m of Nigerian Royal Family gold - the King died 25 years ago and a solicitor has access to it - I’ll forward you the mail. No need to thank me.
     
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  4. Bronco

    Bronco Star Player
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    I posted that there was a rent rise every 5 years, unfortunatly apart from the figure I posted I did not know how that rent rise was calculated, so I could not provide the details hence my comment about other posters maybe able to help.
     
  5. Bronco

    Bronco Star Player
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    I replied to your comnent, you didn't say there was a time span.
     
  6. Park bantam

    Park bantam Regular Starter
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    Shall I give you my details now
     
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  7. Park bantam

    Park bantam Regular Starter
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    It would make a great theme park
     
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  8. Dennis

    Dennis Captain
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    For those who wish to see the source of information, all of the details of the original sale of the ground and the office block and shop are shown in the 2002/03 audited accounts of Bradford City Holdings Ltd. The details of the annual lease to be paid to the two buyers involved are also included. To make it a little easier for the doubters to find, it's all shown in the Post Balance Sheet Events or Note 24 to the Accounts. ;)

    ps And despite what your well-informed, regular source had to say, the lease did not commence on 1 July 2003. The starting date of the lease was 30 July 2003 according to the audited accounts and signed off by one Gordon Gibb.
     
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  9. Bronco

    Bronco Star Player
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    Thanks for clearing that up @Dennis@Dennis.

    You really can't hold me responsible for every Tom Dick and Harry who post on here, as much as you might think otherwise.
     
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  10. Yorkieman

    Yorkieman Impact Sub

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    I wonder what the theme could be :)
     
  11. Faithful Bantam

    Faithful Bantam Squad Player

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    I've been one of the biggest opponents of how Rahic has done things to date. I still have big concerns over how he asserts his authority within the club and some of the decisions he makes. But honestly, 90% of my concerns centre around player recruitment. All I've wanted is for us to sign good players - accept there's a level of cost, show some measured ambition and management of acceptable financial risk and build a good side. O'Donnell, Akpan, Payne. Quality signings. Riley, Isherwood and Wood, have promise, as do Miller and Seedorf. Add someone like Doyle, keep or replace Wyke as best we possibly can, sign a steady backup keeper and we're good to go this season.
     
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  12. Park bantam

    Park bantam Regular Starter
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    Lawrence of Arabia :thumbsup:
     
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  13. RonnieBrown

    RonnieBrown Emergency Backup

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    Agree. Those are the only real two positions left to sort.
     
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  14. RonnieBrown

    RonnieBrown Emergency Backup

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    More likely 'The VOID' .............. :(
     
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  15. Faithful Bantam

    Faithful Bantam Squad Player

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    I think we need another striker anyway. If Wyke leaves, its two. Unless a couple from Jones, McCartan and Miller really step up, we're short. Bruenker isn't good enough.
     
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  16. RonnieBrown

    RonnieBrown Emergency Backup

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    I agree. Yet I'm also mindful of our limited purse strings. :)
     
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  17. Bronco

    Bronco Star Player
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    Good post @Faithful Bantam@Faithful Bantam yes as you say player recruitment looks OK, my concern is are our coaches up to it, they are as some of the players untried at this level.
     
  18. Park bantam

    Park bantam Regular Starter
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    Apologies if it has been mentioned before but he was guest of Ryan Sparks on Saturday according to Simon Parker
     
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  19. Stafford Bantam

    Stafford Bantam Captain
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    Ex-Bradford City chairman Gordon Gibb was at Grimsby game


     
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  20. Botswana Bantam

    Botswana Bantam Regular Starter
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    I take this as positive. No need to make enemies with anyone. Always try and err on the side of building and maintaining positive relationships
     

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