Goldstone Park Valuation

[Superphil]

This

 

[KJP]

Can we move the Amex there? Just get some massive cranes and move it

 

[Green Cross Code Man]

Can we move the Amex there? Just get some massive cranes and move it

I would imagine the Amex has a considerably larger footprint than the retail park at the Goldstone.

 

[seagullsovergrimsby]

Less than £1m return p/y for a £41m investment - not great value really, but I wouldn't turn it down.

The Goldstone was originally sold to Chartwell for £7M to pay off the club's outstanding debts (Wasn't the Bamber estate owed £6M ?). Chartwell then sold on the land WITH planning permission for a retail park for £23M. The £41M figure is a current valuation and rental yields on commercial property are a steady earner and low risk , Scottish Widows (Lloyds) would have paid a lot less to acquire the retail park to stick in their portfolio.

 

[Return of the Rev]

the verified market valuation is of the land that was once the goldstone - nothing to do with fa cup money

so where did the cup final cash go exactly?

 

[seagullsovergrimsby]

so where did the cup final cash go exactly?

I believe Dick had a new detached villa in Spain built in the mid eighties and the mortgage was paid off a few years later with nice crispy tenners

 

[GingerBeerMan]

FTW is Barber playing at.

Do you know what FTW means?

 

[Stat Brother]

Do you know what FTW means?

Lols, that'll learn me for trying to be clever self

Freakin Barber can't even get TLA's right.

 

[Djmiles]

Barber FOR THE WIN!

 

[Deleted User X18H]

The Goldstone was originally sold to Chartwell for £7M to pay off the club's outstanding debts (Wasn't the Bamber estate owed £6M ?). Chartwell then sold on the land WITH planning permission for a retail park for £23M. The £41M figure is a current valuation and rental yields on commercial property are a steady earner and low risk , Scottish Widows (Lloyds) would have paid a lot less to acquire the retail park to stick in their portfolio.

Bamber estate owed £6m? Are you sure? Mike loved the Albion LOVED them with all his heart. I can't imagine there being any amount outstanding and didn't Bedson and Sizen buy him out completely. I will never forget Jean at the centenary dinner. What she said epitomized what Mike felt about the Albion.