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Valley and Sparrows Lane lease extended to 2040
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I learnt some months back, it costs £5000 to£7000 per seat to build a stadium depending on how comprehensive it is outfitted.paulsturgess said:
This is largely true.Henry Irving said:
There's the rub.msomerton said:How much is the land worth, I know that the Archbishop Tennyson School site which is 1.2acres, of Lease Hold and Free Hold land went for £7.8 million in summer 2024.
Roland based his valuation on housing land in Kensington.
Charlton and New Eltham maybe up and coming but they ain't Kensington.
Plus it would be difficult, although not impossible, to get planning permission for housing on the Valley, even harder on Sparrows Lane so that limits their value to developers.
The figure I heard a few (5?) years ago was £20m to £22m for both but I wouldn't swear to that being the case now.
But £20m is something like 35 to 40 years rent assuming £500+ pa so the owners maybe content to extend the lease, giving more immediate security while chipping away at Roland's stubbornness (my own view, not inside info).
But things can change quickly in football as Luton show.
but whilst Roland wouldn’t be able to find anyone else to pay that amount for the land, he could say we won’t be able find anywhere else with a fully built Premier League ready stadium.Luton are spending £100m+ building their new ground.So even if we found a site in the area able to accommodate a stadium…
Willing buyer willing seller, who blinks first etc etc. he’s got his money badly invested but we don’t have anywhere to go too, so….🤷♂️0 -
About the same for a season ticket at Fulham then.msomerton said:
I learnt some months back, it costs £5000 to£7000 per seat to build a stadium depending on how comprehensive it is outfitted.paulsturgess said:
This is largely true.Henry Irving said:
There's the rub.msomerton said:How much is the land worth, I know that the Archbishop Tennyson School site which is 1.2acres, of Lease Hold and Free Hold land went for £7.8 million in summer 2024.
Roland based his valuation on housing land in Kensington.
Charlton and New Eltham maybe up and coming but they ain't Kensington.
Plus it would be difficult, although not impossible, to get planning permission for housing on the Valley, even harder on Sparrows Lane so that limits their value to developers.
The figure I heard a few (5?) years ago was £20m to £22m for both but I wouldn't swear to that being the case now.
But £20m is something like 35 to 40 years rent assuming £500+ pa so the owners maybe content to extend the lease, giving more immediate security while chipping away at Roland's stubbornness (my own view, not inside info).
But things can change quickly in football as Luton show.
but whilst Roland wouldn’t be able to find anyone else to pay that amount for the land, he could say we won’t be able find anywhere else with a fully built Premier League ready stadium.Luton are spending £100m+ building their new ground.So even if we found a site in the area able to accommodate a stadium…
Willing buyer willing seller, who blinks first etc etc. he’s got his money badly invested but we don’t have anywhere to go too, so….🤷♂️1 -
My suspicion is that Duchatelet's valuation of his freehold interest is set by reference to how much money he put into Charlton while he owned it.
As long as he has a lease and property interest that he can value at whatever it is €60m, then the company he invested through dies not show a loss and he can tell himself he didn't lose money in the whole venture.
Maybe his inheritors will feel less passionately about this point and be more amenable to compromise as an asset yielding 1% a year is pretty poor and they would be better off not owning the land/stadium and getting 5% a year off an actual £25m than 1% a year off a notional £50m.10 -
Dave2l said:Roland is making money off his charlton assets and he doesn't have to do anything at all.
Maybe if the sparrows Lane toilets get blocked...he may very reluctantly call a plumber!
He won't call a plumber if our toilets get blocked as it is an FRI lease so our responsibility.
He also isn't making money. His valuation is £50M. The rent is, I think £600Kpa. That is a return (before tax and costs) of 1.2%pa for the last 6 years, so a total return of 7.2% before costs and tax. In that time, inflation is 14.1%. so he has actually lost a lot of money in real terms. It must be one of the worst performing assets he could have chosen to own financially.
Even now, if he could sell for £25M to our owners he could invest that in commercial property in London, buying a diverse portfolio with a running yield of say 7% gross. Over 15yrs that would generate him £40M rent and he still owns the land which may have doubled in value so he has £90M total (obvs less cost/tax)
Instead he holds our assets, earns £9M rent and they double in value to the £50M he wants today. He has £59M (less cost/tax).
This is not in anyway a sensible financial decision for him.
He is a spiteful old man and that's it.9 -
Athletico Charlton said:Dave2l said:Roland is making money off his charlton assets and he doesn't have to do anything at all.
Maybe if the sparrows Lane toilets get blocked...he may very reluctantly call a plumber!
He won't call a plumber if our toilets get blocked as it is an FRI lease so our responsibility.
He also isn't making money. His valuation is £50M. The rent is, I think £600Kpa. That is a return (before tax and costs) of 1.2%pa for the last 6 years, so a total return of 7.2% before costs and tax. In that time, inflation is 14.1%. so he has actually lost a lot of money in real terms. It must be one of the worst performing assets he could have chosen to own financially.
Even now, if he could sell for £25M to our owners he could invest that in commercial property in London, buying a diverse portfolio with a running yield of say 7% gross. Over 15yrs that would generate him £40M rent and he still owns the land which may have doubled in value so he has £90M total (obvs less cost/tax)
Instead he holds our assets, earns £9M rent and they double in value to the £50M he wants today. He has £59M (less cost/tax).
This is not in anyway a sensible financial decision for him.
He is a spiteful old man and that's it.
He is indeed.
Hopefully his kids don't share that characteristic and they'd rather just sell up.
Especially if they don't care about football.0 -
Well he didn't care about football either, certainly not ours, so can't see how that makes a difference, so its just money (and possibly grudge bearing).Dave2l said:Athletico Charlton said:Dave2l said:Roland is making money off his charlton assets and he doesn't have to do anything at all.
Maybe if the sparrows Lane toilets get blocked...he may very reluctantly call a plumber!
He won't call a plumber if our toilets get blocked as it is an FRI lease so our responsibility.
He also isn't making money. His valuation is £50M. The rent is, I think £600Kpa. That is a return (before tax and costs) of 1.2%pa for the last 6 years, so a total return of 7.2% before costs and tax. In that time, inflation is 14.1%. so he has actually lost a lot of money in real terms. It must be one of the worst performing assets he could have chosen to own financially.
Even now, if he could sell for £25M to our owners he could invest that in commercial property in London, buying a diverse portfolio with a running yield of say 7% gross. Over 15yrs that would generate him £40M rent and he still owns the land which may have doubled in value so he has £90M total (obvs less cost/tax)
Instead he holds our assets, earns £9M rent and they double in value to the £50M he wants today. He has £59M (less cost/tax).
This is not in anyway a sensible financial decision for him.
He is a spiteful old man and that's it.
He is indeed.
Hopefully his kids don't share that characteristic and they'd rather just sell up.
Especially if they don't care about football.0 -
PWR everything, but this is positive IMHO. Maybe renting suits the owners at the moment, and we have a home until 2040. The rent is reasonable im lead to believe, whereas shelling out £50m for the assets is mad (the Southall agreement i think?). Think I posted before on another thread that maybe our owners could negotiate a deal to up yearly payments to pay off the "mortgage" on the gound and training ground, which kinda makes sense to me, but it ain't my money and the assets have been separated since before Roland arrived too, so that's worth noting.0
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Good news, shame we need the Prem to buy it back though 😞. But imagine the scenes when we do 🤪0
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He's pulling in €40mn a year in dividends from his Melexis share alone. The rent from The Valley and the training ground is small beer for him.Dave2l said:The value of sparrows Lane will likely double in 15 years. I guess he loves money and wants to further increase children's inheritance.
He has a net worth of £1.3 billion pounds.
He looks like Ed Gein in his Wikipedia profile photo.0 -
I’ll be long gone by then . I just hope I get a good view from the memorial gardens once this big screen is fitted 🤪0
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Roland separated the ownership of the club and assets.YTS1978 said:PWR everything, but this is positive IMHO. Maybe renting suits the owners at the moment, and we have a home until 2040. The rent is reasonable im lead to believe, whereas shelling out £50m for the assets is mad (the Southall agreement i think?). Think I posted before on another thread that maybe our owners could negotiate a deal to up yearly payments to pay off the "mortgage" on the gound and training ground, which kinda makes sense to me, but it ain't my money and the assets have been separated since before Roland arrived too, so that's worth noting.0 -
I was thinking, at least it's your own piss.AFKABartram said:
Taking the positives, at least you’ll still be sitting up :-)DaveMehmet said:Good news. I'll probably be sitting in my own piss in a care home in 15 years time so won't see us leave The Valley again0 -
What do you mean? Club and The Valley/Sparrows Lane were not separated before Roland.YTS1978 said:PWR everything, but this is positive IMHO. Maybe renting suits the owners at the moment, and we have a home until 2040. The rent is reasonable im lead to believe, whereas shelling out £50m for the assets is mad (the Southall agreement i think?). Think I posted before on another thread that maybe our owners could negotiate a deal to up yearly payments to pay off the "mortgage" on the gound and training ground, which kinda makes sense to me, but it ain't my money and the assets have been separated since before Roland arrived too, so that's worth noting.0
