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The implications of relegation

Discussion in 'City Talk' started by Rogered Tart, Dec 2, 2020.

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  1. EricMcManus

    EricMcManus Fringe Player

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    The lease on the ground goes up to circa £475k next year.
     
    #141 EricMcManus, Dec 7, 2020
  2. Pomfretbantam

    Pomfretbantam Fringe Player
    P.L.22/23 Entrant Supporter Euro 2020 P.L. 20/21 Top 30

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    Obviously it's much more likely that he will just lose all of his investment without at least trying to get the club back into the league or trying to sell it to recoup some of his losses
     
    #142 Pomfretbantam, Dec 7, 2020
  3. Keefly Bantam

    Keefly Bantam Important Player
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    Wasn't the rent based on our current league division status? The lower we are the lower it is? Or has that been changed recently?
     
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    #143 Keefly Bantam, Dec 7, 2020
  4. Parader

    Parader Impact Sub

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    No, that arrangement was offered by Gordon Gibb but turned down by Julian Rhodes.
     
    #144 Parader, Dec 7, 2020
  5. Keefly Bantam

    Keefly Bantam Important Player
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    OK so how can the rent rise by so much? I guess that was negotiated and agreed upon? Seems rather harsh rise on the current rate of circa £350K ish?
     
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    #145 Keefly Bantam, Dec 7, 2020
  6. Mike Hunt

    Mike Hunt Impact Sub

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    If the amount is correct the lease probably rises every X years by a set amount.
     
    #146 Mike Hunt, Dec 7, 2020
  7. trevor

    trevor Squad Player
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    That was that amount when taken out, The rent increased every 5 years by at least inflation or around 3.5% per annum, The next increase will take the rent to over 500k a year
     
    #147 trevor, Dec 7, 2020
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