Rent Increase

When PCC builds the new stand for Argyle the club's rent will increase to £400K per annum.

Makes it even more important to have a supporters bar and other outlets to bring income into PAFC.

what they give with one hand they take away with the other

Depends really.

Does anybody know exactly what sort of grandstand it will be? (Because I don't.)

I'd like to think that AFT is all over the council on this one so that it can at least have some input because the official announcement will soon be made and then it'll be too late.

Sir Francis Drake wrote:

Depends really.

Does anybody know exactly what sort of grandstand it will be? (Because I don't.)

I'd like to think that AFT is all over the council on this one so that it can at least have some input because the official announcement will soon be made and then it'll be too late.

it will be cheap and cheerful and the usual suspects will be working overtime to support it no matter how unsatisfying it will be.

thats my guess anyway.

Its going to some small ugly cheap pile of crap, which will be sold to the gormless and grateful as some sort of wonderous gift. look who's involved ffs, plymouth city council and the non action man, mark my words it will be pathetic.

My guess, and that is what it is, is that it'll be identical to Brent's original plan.

Which'll be sad if it transpires to be accurate.

Sir Francis Drake wrote:

My guess, and that is what it is, is that it'll be identical to Brent's original plan.

Which'll be sad if it transpires to be accurate.

The old Grandstand when it was first built must have seemed fantastic to the public back then. Pcc should give the new stand the Wow Factor, but they wont, it Will be very very Village, very Plymouth.

How can they say what the rent will be when there's no details, nothing, nada available?

It wasn't that long ago our rent was sommat like £18k a year. They used to say Plymouth never wanted a successful team, never wanted to be top flight etc ...

Bored. Bored with what may happen. Bored with what has happened and at this rate bored for the future.

Like I said: I really hope that AFT is all over this.

Brent's attempt to force an inadequate stand on us was one thing but at least he was paying for it himself (well he wasn't but y'know what I mean) but this is being done with PCC's money which means that as a council tax payer it is my money and I'm guessing the money belonging to most of AFT's members too.

And apart from AFT who is there that can put the case for what fans might want?

And the clock is ticking.

Hopefully the mathematicians will suggest how big this stand should be. Almost triple Jimmy's effort?

Sir Francis Drake wrote:

I'd like to think that AFT is all over the council on this one so that it can at least have some input because the official announcement will soon be made and then it'll be too late.

Sir Francis Drake wrote:

Like I said: I really hope that AFT is all over this.

And the clock is ticking.

GreenSam wrote:

As for the council stuff- we have been/are trying to get hold of somebody to talk to but for (genuinely) unrelated reasons, we haven't been successful yet. We remain hopeful.

Sam.

Rickler wrote:

In other words...

You've been given the brush off.

Like I said... It's make or break time for the AFT!

How can PCC possibly give the stand any more WOW factor? The more expensive the stand the more rent PAFC will have to pay. If PCC invest in the grandstand they will be legally obliged to obtain an open-market rent or at least a rent that is sufficient to repay the capital expenditure within a normal commercial timeframe (25-35 years). SFD's figure suggests the cost of the grandstand will be roughly the same as the cost of the HHP proposed grandstand (8 to 10 million). What I would say is 400K is more likely to be the increase in rent not the total, you will need to add the existing rent to that, so PAFC will be paying approx 530K a year in rent if this goes through.

A Council built stand does highlight the good bit about the HHP scheme and that was PAFC getting a facility with which to boost matchday and non-matchday income at negligible cost to the club. I get all the stuff about limiting future growth etc but this is even worse.

So why bother?  Refurbish what we already have?

We're being ripped off at that price.  There's some good examples of larger stands at a fraction of Jimmy's proposals, Hibs for example.  Given what could be included, it's not adding up.

I'm pretty sure I was told "the rent will be..." not "the rent will increase by...". It doesn't really make much difference which it is; either way it's a big increase.

Then again if the outstanding repayments for the outstanding admin debt are taken care of by the £800K loan then it's not quite such a significant hit.

GreenHart is full of it obviously. We don't need your crap propositions.

if they build the stand from the clusterfuck then ok fine ill accept it begrudgingly but only on the strict condition (that is put in writing signed by lawyers and witnesses) that the stand can be extended/expanded and the corners remain available for the club to build stands.

If they simply build it small then i rather they didnt bother.

Angry, GreenHart is softening the blow to be incredibly ripped off...

GreenHart wrote:

. If PCC invest in the grandstand they will be legally obliged to obtain an open-market rent or at least a rent that is sufficient to repay the capital expenditure within a normal commercial timeframe (25-35 years) 

Who would take up lease on a football stadium apart from Argyle?  I think the 'open market' rent would be practically nil without Argyle bidding.  So I'm guessing the amount needed to repay the capital expenditure is a more likely figure. And... I'm not sure your figures are correct on how much the rent would need to be?

Rickler wrote:

GreenHart wrote:

. If PCC invest in the grandstand they will be legally obliged to obtain an open-market rent or at least a rent that is sufficient to repay the capital expenditure within a normal commercial timeframe (25-35 years) 

Who would take up lease on a football stadium apart from Argyle?  I think the 'open market' rent would be practically nil without Argyle bidding.  So I'm guessing the amount needed to repay the capital expenditure is a more likely figure.  And...  I'm not sure your figures are correct on how much the rent would need to be?

I was thinking the same. Obtaining an open market rent, when there is only ever going to be one party looking to take the lease isn't exactly the strongest bargaining position. That said, there will obviously have been preliminary talks between the club and PCC regarding this, which is no doubt how the 400k figure has come to be aired.

Coxside_Green wrote:

Angry, GreenHart is softening the blow to be incredibly ripped off...

oh we will be fecked like a fllipino hooker thats for true. long time.

Given the proposed rent increase, what would be a good price to watch the struggling Pilgrims v Burton, £40?

I've obviously been simplistic. I'd like GreenHart to explain his vision to success.

I am sure Brent will negotiate a rent holiday.

£500,000 a year is £10,000 a week, how much does a Pro footballer earn in our league now?