mark43 Posted May 27, 2009 Report Share Posted May 27, 2009 The property market is not as buyoant as it was 2/3 years ago, but that said, the retail convenience store sector is still pretty up beat, and investment deals in this sector have taken place recently at 5%-6% yields. Taking the Tesco rental above, and applying a middle figure of say, 5.5% yield, this would result in an investment value of £22,727,272, say £22,750,000. However, you still have to factor in other very relevant and quite substantial fees involved for Tesco, that would include, planning fees, architects, ground investigation, demolition, infrastructure (roads/services etc), the actual building cost, section 106 agreements etc etc etc,...so the actual amount we will receive may be between a third to half (and a half is very rare indeed) of the end investment value....my guess is that negotiations are somewhere around the £10m mark. According to the evening post selling the site to Tesco could make an estimated £20 million, rather than £5 million if sold for housing. No idea where they got this info from though, I guess I should know not to believe anything they say. Link to comment Share on other sites More sharing options...
stroudy Posted May 27, 2009 Report Share Posted May 27, 2009 Yes it's tesco and yes in an ideal world we would sell the ground to someone else.....sadly it's not an ideal world and if this means as a club we will move forward by being able to fund the new ground then so what. I would feel sorry for the residents but my club and the new ground are more important to me than what replaces the old ground. Memories live forever and AG will never be forgotten. Link to comment Share on other sites More sharing options...
beaverface Posted May 27, 2009 Report Share Posted May 27, 2009 This is the perfect opportunity for Bristol Rugyby to get a ready made stadium for a maximum of £20million quid!!! Just think how cheap that would be to them if they borrowed the money over 20years. Especially after their own stadium was nicked by those pikey gash 'eads. Link to comment Share on other sites More sharing options...
CiderHider Posted May 27, 2009 Report Share Posted May 27, 2009 This is wonderful new, Tesco will pay top £££ for AG and we need all the £££'s Don't have any sentimentality about AG, just the same as i don't have sentimentality about previous houses I've lived in. My last house I sold to ....I dunno....nor do i give a flying fork, they paid me the £££ which is all what matters. Link to comment Share on other sites More sharing options...
City_pete1 Posted May 27, 2009 Report Share Posted May 27, 2009 Given the current economic climate and the downturn in new residential build, this is probably as good a deal as the club could hope for at the moment. As long as it's not tied in with a naming rights issue for the new stadium (ever since the Gas had a kit that resembled a Tesco bag, I can't get that association out of my head), then I have no problem with it. We won't be there, so providing we maximise the income from the sale of the land, then that's all that really matters to me as a non-resident. Spot on. We should get the best price we can. I cannot imagion being "happy" with whatever it turns into. And on the plus side, I guess it brings more jobs to the area. I would not want to live next to it mind... Link to comment Share on other sites More sharing options...
mark43 Posted May 27, 2009 Report Share Posted May 27, 2009 Link to comment Share on other sites More sharing options...
Lordofthebling Posted May 27, 2009 Report Share Posted May 27, 2009 Surely the Ashton Gate site is big enough for a Tesco and a few other retail outlets? Or have I got size issues?! Link to comment Share on other sites More sharing options...
edson Posted May 27, 2009 Report Share Posted May 27, 2009 Surely the Ashton Gate site is big enough for a Tesco and a few other retail outlets? Or have I got size issues?! It's a very similar size to the plot that Sainsbury's sits on, if you compare the two in google maps. Link Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted May 27, 2009 Report Share Posted May 27, 2009 It will be sad to see the old place go. Link to comment Share on other sites More sharing options...
Hanhamreds Posted May 27, 2009 Report Share Posted May 27, 2009 will be strange walking pass the old place on route to Ashton vale that's for sure. Link to comment Share on other sites More sharing options...
tompo Posted May 27, 2009 Report Share Posted May 27, 2009 will be strange walking pass the old place on route to Ashton vale that's for sure. Won't be going that way from the Luckwell. Link to comment Share on other sites More sharing options...
Whale Eye Beef Hooked Posted May 27, 2009 Report Share Posted May 27, 2009 According to the evening post selling the site to Tesco could make an estimated £20 million, rather than £5 million if sold for housing. No idea where they got this info from though, I guess I should know not to believe anything they say. The money from the sale and SL's contribution will pretty much pay for the new stadium give or take £ 5 mil or so which can be raised from sponsorship. There is no tie in with Tesco with shirt sponsors/ ground name or anything else - fact. Link to comment Share on other sites More sharing options...
Guest Posted May 27, 2009 Report Share Posted May 27, 2009 It will be sad to see the old place go. Hopefully there will be a sale day; rusty old panels from the E.E. ,.,. your fav seat,.,. auction??? Link to comment Share on other sites More sharing options...
Red Ferret Posted May 27, 2009 Report Share Posted May 27, 2009 I feel sad Link to comment Share on other sites More sharing options...
terjon Posted May 27, 2009 Report Share Posted May 27, 2009 the deal is TESCO must give Lee Johnson a Managers JOB when its finished........... Link to comment Share on other sites More sharing options...
Hanhamreds Posted May 27, 2009 Report Share Posted May 27, 2009 The money from the sale and SL's contribution will pretty much pay for the new stadium give or take £ 5 mil or so which can be raised from sponsorship. There is no tie in with Tesco with shirt sponsors/ ground name or anything else - fact. SL said the ground would cost 80mil didn't he. SL has raised about 47mil, if we get a max of say 20mil for AG then that makes 67mil, still short by 13mil, guess you are about right. mind you he did say not all the 47mil would go towards the stadium, so whatever way you look at it there is still a substantial short fall. Link to comment Share on other sites More sharing options...
Economou Posted May 27, 2009 Report Share Posted May 27, 2009 Nooo, not another sodding Tesco. Link to comment Share on other sites More sharing options...
Redbarn Posted May 27, 2009 Report Share Posted May 27, 2009 How will tesco get planning permission with a sainsburys right down the road. People complain about having a football stadium next door to them but i would rather have that then a supermarket. Just why are you so full of criticism? I am glad that the club has found the most profitable means to help finance the new stadium. It has already been stated by the board that all monies recieved will go towards funding the new stadium, leaving less to have to pay back. What else would have raised more revenue? A nice little middle class housing estate with the usual selection of 5 bedroom cardboard boxes! I would have presumed that all supporters of the Red's would have been chuffed by the news. Link to comment Share on other sites More sharing options...
Bristolface Posted May 27, 2009 Report Share Posted May 27, 2009 http://www.bcfc.co.uk/page/NewsDetail/0,,1...1667591,00.html Already feel a bit gutted at the prospect. I wouldnt be surprised to see Sainsburys now try and out bid them, they are trying hard to expand there store on winterstoke rd. have tryed for planning for a two tear car park, so they can expand the store on to the car park. also they were due to knock down the petrol staion and re do it, but this hasn't happened. My mate works on the planning and said Sainsburys are now trying very hard to catch Tesco's with new store's as try very hard to get the old Tickinells store in wells just over rd from Tesco's. So lets hope a bidding war starts Link to comment Share on other sites More sharing options...
Guest Posted May 27, 2009 Report Share Posted May 27, 2009 It will be intresting to see what happens with the carpark at the back of the East End. From memory the club have it on 'lease' from the council. You would imagine if Tesco are intrested in buying the land they must have some sort of reasurance from the council that it would be leased/sold to them as well. Link to comment Share on other sites More sharing options...
Guest DanC Posted May 28, 2009 Report Share Posted May 28, 2009 Would be nice to be able to walk into Tescos on the AG site and pick up a few cans of natch before the match. The only reason I can see that City have released this peice of info is because either it was leaked to the post or because City want to drum up some more interest and start a bidding war. If Tesco want to buy it outright before they get planning then so what that is there problem. I don't care what goes there all I care about is that we get a decent amount of money for it. I feel much happier that by the end of it all the only person we shall owe money to is to a man that loves Bristol City, I'm guessing the loan he may turn into shares or something? The only thing I'm concerned about is if we sell the site before any planning permission is secured for the new stadium. That to me what be suicidal because if something went wrong with the new stadium OK we could have 20 million in teh bank but tesco could charge us a fortune to remain at AG or kick us out and we would be the ones playing up at twerton. I believe for world cup games our stadium has to be known as Ashton Vale, Could be wrong but I swear sponsorship names are not allowed to be used. Link to comment Share on other sites More sharing options...
RedM Posted May 28, 2009 Report Share Posted May 28, 2009 Looking around Bristol there are lots of housing projects just at a standstill, the Urban Splash development up at the old Wills' buildings in Hartcliffe for example, has been locked up for months. At least with Tesco they have the finances and the urgency to push a project through. We are going to sell the land and move whatever. Not only will Tesco's (or similar) be the highest bidders but we need them so we can continue with building our future. In an ideal world it would be nice if something like Arsenals old Highbury could happen, apartments over looking a communal garden, or Bristol rugby buying the ground. But the reality is that isn't an option. Link to comment Share on other sites More sharing options...
bringbacktherobin Posted May 28, 2009 Report Share Posted May 28, 2009 Just why are you so full of criticism? I am glad that the club has found the most profitable means to help finance the new stadium. It has already been stated by the board that all monies recieved will go towards funding the new stadium, leaving less to have to pay back. What else would have raised more revenue? A nice little middle class housing estate with the usual selection of 5 bedroom cardboard boxes! I would have presumed that all supporters of the Red's would have been chuffed by the news. How on earth is am i criticising it? Its obviously best for the club to get the best price possible. I was just saying that i would be suprised if tesco got planning permission with a sainsburys so close, but they will as they are good at getting planning permission through pressure (like someone else said, been documented well). This isnt our problem if they get planning permission if they pay upfront, i was just stating that i find it surprising they they can get planning permission. Plus what i said about people who live near the stadium, some complain when about living near a football stadium, i guess they will moan even more about living next to a tesco. That is fact, that isnt criticism. Link to comment Share on other sites More sharing options...
Nibor Posted May 28, 2009 Report Share Posted May 28, 2009 Selling to Tescos is great, they are usually willing to pay over the odds for land in places like that. I can't see it would have much of a negative effect on local traders. People will still go to the specialist butchers and fruit and veg shops on North St because they're better than anything you can get in a supermarket. I suspect the biggest planning problem for Tesco will actually be access, because traffic around Winterstoke is already s**t (I imagine there would be no vehicle access from the park end to keep residents happy). I think it will come down to whether the planners can look at Tesco's application and our stadium as a whole development project. Link to comment Share on other sites More sharing options...
SecretSam Posted May 28, 2009 Report Share Posted May 28, 2009 How will tesco get planning permission with a sainsburys right down the road. People complain about having a football stadium next door to them but i would rather have that then a supermarket. You should come to Aylesbury, where I live. We've got 2 massive Tescos, and an iddle-diddle one, serving a population of 100k (plus outlying areas). There's also a Morrisons and Sainsbury's, and a Waitrose to come. Experience of Tesco developments is that they will pay top dollar to secure market share. In Oxford they built an overpass at a cost of £holycr*p! to get past planning, and in Aylesbury they re-did a major junction as part of the deal. As for Asda et al, I think the phrase is "tough sh17". The deal is sweet as far as I'm concerned, we'll get a substantial element of the capital cost of the new ground paid for, plus there's the irony factor - we'll have willingly given up our ground to Tesco, whereas the Gas' relationship with Britain's number one supermarket is less positive. Remember those chants of "We all shop at Tesco"??? Link to comment Share on other sites More sharing options...
Jesus Posted May 28, 2009 Report Share Posted May 28, 2009 Given the current economic climate and the downturn in new residential build, this is probably as good a deal as the club could hope for at the moment. As long as it's not tied in with a naming rights issue for the new stadium (ever since the Gas had a kit that resembled a Tesco bag, I can't get that association out of my head), then I have no problem with it. We won't be there, so providing we maximise the income from the sale of the land, then that's all that really matters to me as a non-resident. Exactly, I couldn't give 2 hoots if they built a giant palace of gay love on the current site!! If we get good money for it thats all that matters. So why did SL sell £30,000,000 of shares again? Link to comment Share on other sites More sharing options...
SJC Posted May 28, 2009 Report Share Posted May 28, 2009 Not Tesco related but are there any plans to sell off the individual seats? Perhaps overwhelmed with sentiment but I'm sure many season ticket holders would gladly part with some cash to purchase the seat they have occupied through {a little} thick and {alot of} thin? Even if it was £20 a seat for what is essentially a small, cramped, uncomfortable plastic chair, I know I would purchase at least one and have a small corner of Ashton Gate forever standing in my abode. From the clubs point of view 20,000 x £20 = £400,000. A drop in the Ocean no doubt but, please excuse the obvious, every little helps. Link to comment Share on other sites More sharing options...
BCFCfan Posted May 28, 2009 Report Share Posted May 28, 2009 When its knocked down at least poeple who bought a brick will get what they paid for. Link to comment Share on other sites More sharing options...
'Orns Posted May 28, 2009 Report Share Posted May 28, 2009 I deal with Tesco on a daily basis and they truly are a loathsome company. The thought of my beloved Ashton Gate being turned into one of their stores fills me with dread. I'd rather have an Ikea where it once stood! Still, I guess it's progress, just don't go expecting me to get my clubcard out in there any day soon. Evil, evil bastards Link to comment Share on other sites More sharing options...
Ashton Great Posted May 28, 2009 Report Share Posted May 28, 2009 Just to clarify, in today's EP interview with SL it implies that Tesco will not be buying the land regardless (as some have mentioned above) and will seek planning permission before buying the land (understandable of course). http://www.thisisbristol.co.uk/sport/Steve...il/article.html Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.