Reply To: The Ground

Iron Bru Forums Blast Furnace The Ground Reply To: The Ground

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Cost of Land per Hectare (2019), East Lindsey:

Residential – £800,000
Industrial – £300,000
Office – £275,000

[source: gov.uk land values]

How many hectares is the ‘club’ on / own or Mr Swann owns?

3 years ago, shares were valued at £8m and the land £6m.

So what would it cost to buy the Club now?

No Oil Sheikhs are going to buy it – as the town does not have the populous to support a charge to the Premier League & Europe. It’s geographical location is not desirable.

Options:
1) A very wealthy local lad / lass buys it.
2) An alliance of wealthyish local lads / lasses buy it.
3) 5,000 fans / investors / shareholders put £3,000 in each to buy it.
4) Those same 5,000 fans put £500 in each year to generate a budget of £2.5M
5) The shareholders pay as normal to attend games.
6) The shareholders elect their board.

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