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Valley and Sparrows Lane lease extended to 2040
Comments
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I think we need to understand the possible outcomes for the club.
1. It continues to lease the facilities on a secure contract for what I believe to be a decent rent for the club. There will be others far more aware than me but I believe lease payments have an advantage tax wise.
2. Our owners put up the cash to buy but who seriously expects someone to do that without retaining ownership themselves ? nobody is going to do that imo nor should they, all this outcome would mean is that the Belgian doesnt own the properties but someone else does !
Personally I would rather see funds invested into the club directly in terms of squad, staff and facilities than owning the stadium as long as the terms of the lease lend stability moving forwards0 -
He's 78 now, he'll be 93 by then, so I'm guessing we're banking on him popping his clogs or us hitting the big time before then.
If he's still holding out for £50m though he's a f**king fool5 -
The £50m figure came from when ESL agreed to buy, but they never had the intention to purchase. If he doesn't need to sell and he's getting good rent for it, he won't move from that figure.sam3110 said:He's 78 now, he'll be 93 by then, so I'm guessing we're banking on him popping his clogs or us hitting the big time before then.
If he's still holding out for £50m though he's a f**king fool4 -
A source close to the board told me "So would I (want full ownership of the ground and Training ground), and we’ll always work towards that - a step on the journey. No change in terms BTW".18
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Yeah, I can imagine him claiming he’s made back on the losses he incurred, owning Charlton in 10 years time, if he’s still alive. But we all know if he had invested £66m in stock and shares back in 2014 it would be worth x times more. He’s a stubborn fool, who’s rich enough to make foolish decisions.letthegoodtimesroll said:
‘Eejit’ ??? Hardly. He's got a performing asset bringing in regular and most likely stable income that is not only appreciating in value but in 15 years time will likely be worth considerably more as a development site than its current book value I would guess. The additional security of tenure is good for the club as it provides a breathing space but buying the land back sooner rather than later is probably still the aim & a win/win scenario for both sides i would have thought.KBslittlesis said:
He won’t take 20m that’s the problem………the fecking eejit 😠Pedro45 said:It's sort of good news, as we've obviously been negotiating, but sad that a buy back could not be agreed. It would have been better for all parties for us to have paid c£20m now, rather than c£500k a year for the next 15 years, but I guess Roland thinks he knows best.3 -
Go on mate get your 50m out then ffsgolfaddick said:No money to buy them then. RIght-o.3 -
No increase in rent costs? GoodHenry Irving said:A source close to the board told me "So would I (want full ownership of the ground and Training ground), and we’ll always work towards that - a step on the journey. No change in terms BTW".3 -
#undisclosedKBslittlesis said:
Security (that’s how I see it anyway).WSS said:Don't know what this means other than guaranteeing income for Roland?
Thats a long lease. Be interested to know the monies involved but that will come out.
For me it means I’m not fixating on what Twoshits is going to do next but concentrating on making the best of what we have, which can only help the club going forward.
I’m sure someone will piss on my chips 🙄🤣🤣3 -
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The 5 year extension is security in the medium term. During that period, Charlton could rise and rise, rise and fall, or fall and fall. Can you imagine how the current owners of Luton are feeling right now, after their huge investment in a new stadium, for them to now be sitting in League One. Would they have been better staying at Kenilworth Road? Probably they would on current club status.
Our owners are being as shrewd as Roland right now and fair play to them. They want to see how their investment rises in stock before going all in for a £30/40/50m investment plus all of the maintenance and development costs, all at a time when they currently don't have to buy the ground. Is the club sustainable in the current format of leasing? Well they bought the club in this position and continue to hold their asset whilst further investing, so I guess it must be suiting them.
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isn't there a rule that a club needs to have a 10 year lease on their ground to play in the PL? so this secures against that if so.
Is there anything stopping Roland selling either the Valley or the training ground to someone else while this lease is ongoing - and what would they be valued at realistically?0 -
Is there something in the EFL rules about having at least 10 years guarantee for your home ground, think it is what Gateshead were prevented from playing in the play offs a couple of years ago.
Could be the case we have got another 5 years (probably higher rent) to get round this.
Certainly not a negative, but we effectively have re set the clock from the deal that TS did with RD1 -
Probably left it to Katrien in his will.blackpool72 said:9 -
The thing about Roland is as soon as you stump up his asking price, he'll add another 10% on.2
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Chris_from_Sidcup said:
Bloke is going to break all records as the oldest living man in history.Elthamaddick said:
they'll have the money - but why pay massively over the odds.golfaddick said:No money to buy them then. RIght-o.
surely he'll be dead before then and hopefully whoever it's left to doesn't want/need the aggro
We'll be sat here in 2065 celebrating the latest lease extension as he turns 118 years old.
and announces his pioneering work in human cloning with his young clone being gifted the sites.
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I see this as giving us greater leverage in any purchase negotiations.golfaddick said:No money to buy them then. RIght-o.0 -
The 500k a year lease won't make it attractive to other buyers either, if they buy it from him for £50m, but both Sparrows Lane and The Valley are protected somewhat, there's not much scope to make money on them by building, so it would be by trying to fleece us for more money on the lease, but to make it worthwhile for a ROI they'd need to up the rent 10 fold, and there's no chance we'd agree to that. The sooner the dickhead realises that and sells up for a smaller sum, the better for all0
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It’s a perfect situation …killerandflash said:Good that we are secure for 15 years, even if it's still not a great situation.2 -
“When I started negotiating with Duchâtelet, I wanted to buy the stadium, but the conversation quickly turned into a rental agreement and it seems for now that is the best for all parties,” he told Talksport radio. “I’m renting the stadium and training ground for 15 years and have got rid of all the weird side deals so everything’s cleaned up.”
Thomas Sandgaard - September 20200 -
benjest1989 said:isn't there a rule that a club needs to have a 10 year lease on their ground to play in the PL? so this secures against that if so.
Is there anything stopping Roland selling either the Valley or the training ground to someone else while this lease is ongoing - and what would they be valued at realistically?
Rules are the same for both PL and the FL. You just need to have an agreement in place for the full season, to provide certainty of venue and avoid fixture disruption.JohnnyH2 said:Is there something in the EFL rules about having at least 10 years guarantee for your home ground, think it is what Gateshead were prevented from playing in the play offs a couple of years ago.
Could be the case we have got another 5 years (probably higher rent) to get round this.
Certainly not a negative, but we effectively have re set the clock from the deal that TS did with RD0 - Sponsored links:
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At least hopefully, unlike me, you should still be alive 🤔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 -
Fab news. Security and ability to plan medium and long term. Roland’s 78 and it’s probable that he won’t be around when this new lease ends. Never understood the attraction for RD / Family to own The Valley. He’s currently worth $1.7 Billion so the income is peanuts and the reported £50 million asking price is never going to be realised regardless of what division we’re in. I think and hope that the eventual ambition of the owners is to own The Valley and Sparrows but until it’s feasible I’m happy that our future is secure for 15 more years.5
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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 2024.0
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I was told "no change in terms".Callumcafc said:
No increase in rent costs? GoodHenry Irving said:A source close to the board told me "So would I (want full ownership of the ground and Training ground), and we’ll always work towards that - a step on the journey. No change in terms BTW".
So I take that to mean no increase in rental costs other than those inflation linked increases that, IIRC, are in place anyway.1 -
Any idea on that acreage Henry please.0
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Sorry, don't understand the question.ShootersHillGuru said:Any idea on that acreage Henry please.
Valley is about 10 acres, Sparrows Lane a lot more I would guess.1 -
Two, possibly Three, would be my guess before it came back as a new thread unless we get to the PL.mendonca said:Yay, a 15 year freeze on property development on Charlton Life. I'll take that!0 -
I think the 10 years is a requirement for promotion into the EFLTelMc32 said:benjest1989 said:isn't there a rule that a club needs to have a 10 year lease on their ground to play in the PL? so this secures against that if so.
Is there anything stopping Roland selling either the Valley or the training ground to someone else while this lease is ongoing - and what would they be valued at realistically?
Rules are the same for both PL and the FL. You just need to have an agreement in place for the full season, to provide certainty of venue and avoid fixture disruption.JohnnyH2 said:Is there something in the EFL rules about having at least 10 years guarantee for your home ground, think it is what Gateshead were prevented from playing in the play offs a couple of years ago.
Could be the case we have got another 5 years (probably higher rent) to get round this.
Certainly not a negative, but we effectively have re set the clock from the deal that TS did with RD1 -
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.
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Sometimes I just don't understand the mega rich.
If Roland is worth North of a billion pounds then surely a man of his age doesn't need the hassle of owning the Valley and Sparrows Lane.
Just sell at a reasonable price and enjoy what remains of your life.
Unless of course you really are a vindictive old Bastard that some think you are.7
