dboy wrote:
In other news, today is Wednesday. It's a nothing story.
The Red Book valuation is what it is. The actual value of the land is whatever someone will pay, or in our case, it's whatever someone HAS to pay in order to purchase.
Manni is not daft; he knows how much we need the land.
With development, that purchase fee will seem great value...the "estimated a value of £1.7m for the stadium and land based on current use. The estimated value with enhanced planning permission (after redevelopment) for both sites would be in the region of £3.5m to £4m."
Correct I suspect - there is far more to this deal than meets the eye imho.
However had the Council and the right honourable Sir knob not have told us not too, we could have purchased both site for considerably less in 2015. This is made even more ridiculous when you consider the following. Even had the opinion of the time transpired and eventually either had it purchased for us as a fob off by Yorkcourt or we finally got NM it would still have been a worthwhile investment by the club as its value has increased since 2015. At 1.7 million it is a fair bit more than Mani paid, yet still Box and co told us categorically not to bother because all was in hand.
Now some how we have had to pay almost 3 time what it would have four years ago - pathetic work WMDC.
As you say though its real value is what we were willing to pay and one has to assume the figures and the reasoning make good sense to Mr Carter and co.
