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The future of Valley Parade

Discussion in 'City Talk' started by Rogered Tart, Apr 16, 2024.

  1. Stafford Bantam

    Staff Member Moderator Supporter

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    One of Ryan's comments at the Supporters Board meeting of 1 August 2024 (see my earlier post) was interesting. To be specific:

    "RS posed the question of whether it was felt that there would be an appetite amongst supporters to attempt to purchase the stadium."

    Now that doesn't sound like Ryan was expecting Stefan to purchase the ground anytime soon.

    If that is the case, then another option may be for the Club to issue bonds to raise the money to repurchase the ground. AFC Wimbledon raised almost £10 million this way and this could be a viable way forwards, especially if Stefan was prepared to purchase some of the bonds himself.
     
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  2. Bantamsteve

    Bantamsteve Impact Sub

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    Yet more bluster from our esteemed leaders then
    Didn't Mr Rupp decline a radio interview as he couldn't say much about any negotiations
    Does he not want to take any responsibility at all for his part in our year on year decline
    Its his "train set" for goodness sake !!!
    Rant Over
    #proudcustodian
     
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  3. BearBantam

    BearBantam Fringe Player

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    Having now taken the time to look back, what was reported in the T&A around the time of the supporter's meeting (June/ July), was that Rupp was the one who said there was a desire to buy the ground, there were "sufficient" funds available and an initial meeting to discuss [with Gibb?] was on the cards. Nothing from Gibb.

    Don't get me wrong, I am no business or legal expert or have any details; but surely if for sale, Gibb will want, and possibly be legally obliged to invite offers from elsewhere to get the best possible deal and that will trump any loyalty he has to the club. He is a business man after all and in my view is not going to limit bids to one potential purchaser, and may have a very different view as to what sufficient funds for the purchase actually are.
     
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  4. Dratsab taf

    Dratsab taf Squad Player

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    Wasnt that quote from Ryan sparks relating to the fans trust purchasing the club as opposed to Rupp?

    He was questioning whether there would be much appetite, risk, funding, planning for that particular group rather than question that the fan base as a whole wanting the club to buy the ground back?

    Apologies if I've misunderstood your post
     
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  5. vladimir

    vladimir Impact Sub

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    Its got to the point for me Steve that Rupp appears that the majority of our fans are a easy touch, he can say owt and they will soak it up like a sponge to take the pressure off him, eventually this will backfire hopefully sooner than later
     
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    #245 vladimir, Sep 16, 2024
    Last edited: Sep 16, 2024
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  6. Stafford Bantam

    Staff Member Moderator Supporter

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    Yes, it could be interpreted that way and maybe I'm reading too much into the meaning of the minutes. We shall see.
     
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  7. Storck

    Storck Regular Starter

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    yep once the owner of the ground decides to sell they have to notify the council. So they haven’t decided to sell but that doesn’t mean that talks are not under way with the club trying to convince them to sell. As soon as they do decide to sell that is when notification has to happen and the time frame starts
     
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  8. Petrov

    Petrov Squad Player

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    Oh look, here's Ryan Sparks gaslighting again.
     
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  9. Bantamsteve

    Bantamsteve Impact Sub

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    :joy::joy::joy:
     
  10. BantamJ

    BantamJ Impact Sub

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    Said this on the ownership thread it’s another example of why we won’t ever account for much. They have such a disregard for their fans intelligence and they think they can manipulate and gas light the fans with something so emotive to people.

    The statement from Ryan almost felt like … why you asking this Catherine we only bring this up when we need a red herring to distract fans we’re doing ok at minute move on….

    He had all our pants down with the statement and the backtracking has begun.
     
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  11. Inspector

    Supporter

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    There’s no way anything is happening with the purchase when he’s talking about extensions on the current deal and having until 2028. I expected something along the lines of getting it over the line asap, hopefully within the next 6-12 months. One big bluff again that will be put out as being close to completion around March 2025.
     
    Bantamsteve likes this.
  12. JonButterfield

    ⚽ P.L.25/26 Entrant Supporter

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    Where's his tie?!

    He's not going down the Dale Vince path is he?!

    KICK HIM OUT THE BOARD ROOM!
     
  13. ahar964

    ⚽ P.L.25/26 Entrant Supporter

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    I see his mum has made him wear his vest
     
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  14. Kevin1954

    ⚽ P.L.25/26 Entrant Supporter

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    The issue isn’t Gibb rather the “deal” got the club out of the mire , death throes mire!
     
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  15. Kevin1954

    ⚽ P.L.25/26 Entrant Supporter

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    You need to get with these “Corporate” times Jon …..;)
     
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  16. Solentbantam

    Solentbantam Impact Sub

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    That’s about as convincing as Trump saying he has ‘concepts of a plan’
     
  17. Edin Nowhere

    Edin Nowhere Impact Sub

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    The conversation is active, and I'm aware of it.

    feck me, the CEO is aware of talks and for a minute I thought he might be out of his depth....

    As has been said above, this is an emotive thing that is brought up when we are doing crap, Sparks with us being in the top 7 wasn't expecting to be brought up whilst the club are "doing well" on the pitch. It's more a distractive we need to flog seaon tickets angle.

    Out of interest, Flamingo Land has a retained profit value of £31.8m on it's balance sheet. As we rattle round League 2 does anything question if the wrong man ended up with control of the club in 2004. Mr Junior Trainset Boy or a man who has run a company successfully it appears during that time.
     
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  18. Bigrod

    Staff Member Moderator ⚽ P.L.25/26 Entrant Supporter

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    Unless there was a very real prospect that City could leave Valley Parade, relocate to a 20,000+ seater stadium (in a fit for purpose state) in Bradford (or at least the MBC area) with good transport links and either own or lease at an economic rate, then there seems little prospect of moving to an alternative ground.

    From the Flamingo Land Pension Fund, there seems to be little incentive to sell the stadium at this stage. It is a guaranteed source of income, as long as City continue to function. There would seem to be far less value in the land, given its location and the cost of removing the stadium.

    Could the Pension fund use any money from the sale of Valley Parade to invest in alternative funds? Possibly but the returns may not be as lucrative and the risks greater.

    The more likely outcome would be some rearrangement of the lease and rent. Perhaps a sliding scale? A share in the club?

    The pension fund has a duty to maximise its returns. It isn’t a charity.

    At this juncture there seems little to be gained from a straight sale from the pension fund’s perspective, unless the club was going to pay an enormous price.

    If the club did, then the Supporters (and many on here l guess) would be……‘questioning the decision’ and criticising the club for not investing the money in the team.

    A bit of a conundrum. Looks like a ‘lose/lose’ situation, unless the Flamingo Land Pension fund is feeling exceptionally generous and can justify any actions, given its statutory obligation to maximise its returns.
     
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  19. Dennis

    Staff Member Moderator Supporter

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    The FLPF is what is known as A Small Self Administered Scheme. The legal framework around these schemes is limited in part because they are very small (no more than 11 members) and because there is a close relationship between the members and the trustees which oversee the fund. In essence, the fund is run for the benefit of the family members. The trustees certainly aren't subject to the same legal framework which governs larger corporate funds which might have hundreds or thousands or tens of thousands of members.. Their duty is to deliver what the small number of members expected to receive and if that isn't the case, it would probably lead to a family fall-out in the first instance! The trustees don't have the broader fiduciary responsibilities as you'd expect of a corporate fund.

    That isn't to say that the fund would act in a philanthropic manner towards its investment but the trustees certainly have greater flexibility in the day to day management of the fund. Despite what Sparks inferred recently, the closer the negotiation timetable gets to the current expiry date of the current lease, the weaker is the club's negotiating position. It wouldn't surprise me at all to see the scope of the current lease being leveraged and extended to incorporate some aspect of the club's ownership and at a price proportionately less than what Rupp is supposedly seeking today. I'd welcome that if it resulted in better leadership at the club.
     
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  20. andyc

    andyc Impact Sub

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    I do find it very amusing , reading all the posts around club ownership, stadium and training ground etc.
    In all my time watching city since the mid 70's, we have only once had real investment and that got us all the way to the Premier league, what a ride. Unfortunately the money was borrowed against the clubs assets and big Geoff lost his mind and any possible sustained success, by falling out With Paul Jewell and putting his puppet Chris Hutchings in charge of team affairs. It all went down hill quickly from there. The 2nd Admin , we had Geoff's understudy and partner in crime , the magnificent Julian Rhodes, my god didn't he do well for the club, allowing the admin to happen and the loss of the stadium to the pension fund and subsequent shoe string business plan. Even the great Jack Tordoff an extremely rich man , kept the wallet tightly shut, refusing to push the boat out to reach the top flight in the late 80's.
    Sport in Bradford has suffered from lack of ambition with back of a fag packet planing for decades, that's Bradford City , Bradford bulls and Bradford park ave. The city has had many a millionaire, non who have been willing to spend their own brass on any of the clubs, but all happy to grow their ego's in the brief moments of glory.
    Rupp is no different and i doubt his successor will be. I do not blame a man with no affinity to this city on wanting to turn a profit on his investment, unfortunately football is decided on the kick of a ball and things can go down hill very quickly, as they have done.
    The only things that really surprises me in all this, is that Rupp was taken in by Rahic in the first place and that some of our fans still believe their is anyone willing to poor tens of millions into the club to dig us out of this mire.
    We are were we are and the only way out currently is with a fair wind and mountains of good luck on the playing side.
     

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