Comments on: Seeking the bald facts of an Odsal move http://www.boyfrombrazil.co.uk/2009/11/seeking-the-bald-facts-of-an-odsal-move/ A Bradford City journal since 1999 Tue, 07 Sep 2010 20:42:22 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Matthew Hague http://www.boyfrombrazil.co.uk/2009/11/seeking-the-bald-facts-of-an-odsal-move/#comment-1676 Matthew Hague Thu, 05 Nov 2009 22:07:36 +0000 http://www.boyfrombrazil.co.uk/?p=2978#comment-1676 I'm not into it at all. Sounds like City fans would have to do a lot of compromising. But if the council are involved then anything can happen. Look how long the redevelopment plans for Odsal have been going for now. Must be 20 years at least. Its always been hocus. Plus in such an economic climate as we are all told we are currently in then where is the money coming from when we have a City Centre that is frankly a joke. I'm so embarressed when ever i come into town to just see that. So i dont trust this council at all but would also not put anything past them. Thanks for putting all this info up here Paul. Your points are all really interesting and totally valid. I feel that we would all be better off at VP. The Stadium is already there (although i understand that is the stubling block too with GB) and the location is great as its allmost city centre. Makes access easy for most. I'm sure that there are loads of holes to be picked in all points of view and it could never be settled. I vote for a stay at VP however that's possible. I’m not into it at all. Sounds like City fans would have to do a lot of compromising.

But if the council are involved then anything can happen.

Look how long the redevelopment plans for Odsal have been going for now. Must be 20 years at least. Its always been hocus. Plus in such an economic climate as we are all told we are currently in then where is the money coming from when we have a City Centre that is frankly a joke. I’m so embarressed when ever i come into town to just see that. So i dont trust this council at all but would also not put anything past them.

Thanks for putting all this info up here Paul. Your points are all really interesting and totally valid. I feel that we would all be better off at VP. The Stadium is already there (although i understand that is the stubling block too with GB) and the location is great as its allmost city centre. Makes access easy for most. I’m sure that there are loads of holes to be picked in all points of view and it could never be settled.

I vote for a stay at VP however that’s possible.

]]> By: Michael Wood http://www.boyfrombrazil.co.uk/2009/11/seeking-the-bald-facts-of-an-odsal-move/#comment-1674 Michael Wood Thu, 05 Nov 2009 10:27:33 +0000 http://www.boyfrombrazil.co.uk/?p=2978#comment-1674 Not only was there the question of how much - and that is a whole can of worms on its own - but how many people were offered the chance to do the deal. The expense was £2.4m and for that you get 5 years of £350,000 (I believe) rent and the option to renegotiate every five years which gives you a return of £1.75m in half a decade and - assuming City are paying Gibb £500,000 a season (which is a low estimate) then in seven years you have your £2.5m back giving you thirteen years of profit. Of course it would be remiss of me as Frank Wood's son not to point out that had the Pension fund invested elsewhere - perhaps not sub prime loans - then they could also have made similar money. Nevertheless the deal to buy Bradford City - assuming the club survived which was a given of selling the ground because it was the sale's stated purpose - is a pretty sweet deal and in the next thirteen years could net the pension fun about £10m (13 x £750,000) although inflation etc will take a chunk. To my eyes that looks like a very good deal so my question is how many other people were offered it? Was there a competitive bidding process? Did we go to anyone else and say can you beat this deal that will cost the club £12m over twenty years? (Apologies for the cod maths figures, they are there to illustrate the point rather than be utterly accurate) Not only was there the question of how much – and that is a whole can of worms on its own – but how many people were offered the chance to do the deal.

The expense was £2.4m and for that you get 5 years of £350,000 (I believe) rent and the option to renegotiate every five years which gives you a return of £1.75m in half a decade and – assuming City are paying Gibb £500,000 a season (which is a low estimate) then in seven years you have your £2.5m back giving you thirteen years of profit. Of course it would be remiss of me as Frank Wood’s son not to point out that had the Pension fund invested elsewhere – perhaps not sub prime loans – then they could also have made similar money.

Nevertheless the deal to buy Bradford City – assuming the club survived which was a given of selling the ground because it was the sale’s stated purpose – is a pretty sweet deal and in the next thirteen years could net the pension fun about £10m (13 x £750,000) although inflation etc will take a chunk.

To my eyes that looks like a very good deal so my question is how many other people were offered it? Was there a competitive bidding process? Did we go to anyone else and say can you beat this deal that will cost the club £12m over twenty years?

(Apologies for the cod maths figures, they are there to illustrate the point rather than be utterly accurate)

]]> By: Mark Williams http://www.boyfrombrazil.co.uk/2009/11/seeking-the-bald-facts-of-an-odsal-move/#comment-1673 Mark Williams Thu, 05 Nov 2009 10:12:22 +0000 http://www.boyfrombrazil.co.uk/?p=2978#comment-1673 Some great and valid points there - Will the City fans be kept in the dark over just how much GG Pension fund trustees want for the VP freehold? - so far we have seen nothing to suggest any figures will be made public. There is talk of a referendum for the City fans on the yes/no to move to Odsal - but surely that would have to be on the basis of everything made public including the finances - how else could it be considered fair and democratic otherwise. Some great and valid points there – Will the City fans be kept in the dark over just how much GG Pension fund trustees want for the VP freehold? – so far we have seen nothing to suggest any figures will be made public.
There is talk of a referendum for the City fans on the yes/no to move to Odsal – but surely that would have to be on the basis of everything made public including the finances – how else could it be considered fair and democratic otherwise.

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