A forum for all things Cardiff City
Sun Jan 31, 2010 11:32 am
Annis,
you said that the spare land will be sold to Paul Guy for £2m , what is the true value of that land ? and is PMG not only saving us but ripping us off as well? or is he paying the going rate and doing the right thing by our club?
Sun Jan 31, 2010 11:48 am
undybluebird wrote:Annis,
you said that the spare land will be sold to Paul Guy for £2m , what is the true value of that land ? and is PMG not only saving us but ripping us off as well? or is he paying the going rate and doing the right thing by our club?
At the Muni meeting Ridsdale said the Hotel land was worth £5m 3 years ago and to use a comparision Ninian Park was sold for £7m. Since the credit crunch that land has apparently fallen in value to £1.8m.
I'm no expert on land prices but that seems a hell of a drop (60%?) which is completely out of sink with say house prices.
Sun Jan 31, 2010 12:12 pm
I'm not sure when the hotel would be built, but when Thomson House was knocked down, a hotel was meant to be uilt on that land and flats/apartments were supposed to go in between our new office building and the new hotel. To date, the plans for a new hotel haven't even been submitted due to financial matters. So, eeven though the land will have been purchased for it, don't hold your breath to book a room outside our ground.
But, as long as the land is bought and the taxman paid off, who cares, right?
Sun Jan 31, 2010 1:24 pm
undybluebird wrote:Annis,
you said that the spare land will be sold to Paul Guy for £2m , what is the true value of that land ? and is PMG not only saving us but ripping us off as well? or is he paying the going rate and doing the right thing by our club?
I dont know, but its A GOLD MINE with Planning permission on it, I reckon £6 Mill at least, PMG dont buy property/land unless its A BARGAIN.
Sun Jan 31, 2010 4:26 pm
Forever Blue wrote:undybluebird wrote:Annis,
you said that the spare land will be sold to Paul Guy for £2m , what is the true value of that land ? and is PMG not only saving us but ripping us off as well? or is he paying the going rate and doing the right thing by our club?
I dont know, but its A GOLD MINE with Planning permission on it, I reckon £6 Mill at least, PMG dont buy property/land unless its A BARGAIN.
a bargain? or taking advantage of a club in financial trouble
Sun Jan 31, 2010 4:30 pm
Taking advantage of OUR CLUB IN MY OPINION.
Sun Jan 31, 2010 5:57 pm
If that packet of land is worth £6M in the current environment, surly a consortium of local businessmen could purchase it. It would massively help out the club, stop PMG from taking advantage of the club, be an excellent investment & also give Cardiff the much needed Pie Warehouse/Book shop, it's crying out for!!
Sun Jan 31, 2010 6:16 pm
rob wrote:Forever Blue wrote:undybluebird wrote:Annis,
you said that the spare land will be sold to Paul Guy for £2m , what is the true value of that land ? and is PMG not only saving us but ripping us off as well? or is he paying the going rate and doing the right thing by our club?
I dont know, but its A GOLD MINE with Planning permission on it, I reckon £6 Mill at least, PMG dont buy property/land unless its A BARGAIN.
a bargain? or taking advantage of a club in financial trouble
The latter.......The vultures are starting to pick at our dying carcus
Sun Jan 31, 2010 6:52 pm
Forever Blue wrote:Taking advantage of OUR CLUB IN MY OPINION.
all pre planned guy and borley be long term winners ! make out the worse then they get it at rock bottom costs
i smell a rat again !
wheres all the millions gone not just golden ticket st
Sun Jan 31, 2010 6:59 pm
mallo wrote:Forever Blue wrote:Taking advantage of OUR CLUB IN MY OPINION.
all pre planned guy and borley be long term winners ! make out the worse then they get it at rock bottom costs
i smell a rat again !
wheres all the millions gone not just golden ticket st
I agree i rekon its all been a set-up, borley may have been doing it for the love of club years ago but not any more, its all for his and guys own finacial gain....its unfortunate for us and TBF we would all prob do the same...
Sun Jan 31, 2010 10:09 pm
devious, decpetive, disaterous!
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