Gibson

[mistaram]

Paper work shows that Boro valued P/park at £22.7 million , think that's about the value of Moorfarm

[MadAmster]

Why would Gobson value Pride Park............ unless he wanted to dump the smoggies and buy a proper club

[Andy_Faber]

Paper work shows that Boro valued P/park at £22.7 million , think that's about the value of Moorfarm

If so, utter tw*t. Maybe he's forgotten its in Derby not Middlesborough

[ramAnag]

Is this just a case of simple jealousy? MM is 228th on the ‘rich list’...Gibson is 481st. Morris is a CBE...Gibson a mere OBE.

Beyond that I don’t know why Gibson carries so much clout...£22.7m? It cost approaching £30m to build 23 years ago.

Maybe Sky will be on our case soon too, apparently one of Gibson’s oldest friends is commentator Chris Kamara.

Unusual entry on MM’s Wikipedia page, ‘Melvyn is best known for having the whole EFL on absolute strings’. Interesting reference.

[Geoff Parkstone]

Cost has nothing to do with value rA. I bought a car for 20,000 on 2010 - do you think it's worth that now.

Whilst 22.7m seems off target BUT the current value of an asset that generates a perpetual flow of £1.0 million annually would be in the 22.7m range. That's what I believe DCFC are paying to leaseback the ground.

So clearly the 80m value assumes more revenue generation from the ground beyond the (cut price?) leaseback arrangement for football. That's a lot of truck racing etc and concessions - although on site food was flogged off to Delaware some time back.

[ramAnag]

Cost has nothing to do with value rA. I bought a car for 20,000 on 2010 - do you think it's worth that now.

Whilst 22.7m seems off target BUT the current value of an asset that generates a perpetual flow of £1.0 million annually would be in the 22.7m range. That's what I believe DCFC are paying to leaseback the ground.

So clearly the 80m value assumes more revenue generation from the ground beyond the (cut price?) leaseback arrangement for football. That's a lot of truck racing etc and concessions - although on site food was flogged off to Delaware some time back.

With respect, GP...because it’s usually more your area of expertise...you can’t compare a car with property.
Cars, unless ‘vintage’, depreciate from the moment they’re bought. Property doesn’t...hence the house I bought in the mid eighties for £27k - and which probably cost about £12k to build - I sold, thirty years later, for almost £350k.

I’m sure you’re right about the rest of it, but when you think of the improvements added to PP itself and the infrastructure and road system surrounding it since 1997 then an estimated value of £22.7m is absurd.

[StensonRam]

Have a read of the report on how they came to the valuation, page 77 onwards I think, read it all last night and very interesting especially the formula used, cost per seat to build x the ground capacity, how the filled in corners cost more per seat to build, the specially reinforced foundations used during the build, the £9m worth of improvements and modernisation since 2016 like the 3g pitch, led perimeter advertising, the big screen, editing suite and PA system, improved floodlights, refurbished hospitality, the EFL valuer debunked all of that and claimed it was a 'bog standard' stadia nothing more, tried comparing with the globe arena or some rugby ground in terms of cost to build, the panel effectively told him your talking out your 4rse and agreed with our valuation as about right, go and read it's a good insight

[ramAnag]

Have a read of the report on how they came to the valuation, page 77 onwards I think, read it all last night and very interesting especially the formula used, cost per seat to build x the ground capacity, how the filled in corners cost more per seat to build, the specially reinforced foundations used during the build

I’m always grateful to MM for his commitment. That’s not to say he’s always got it right of course, but who does?
Stenson’s comments above however should perhaps remind us how much we owe Lionel Pickering for his own vision and commitment.
He sometimes seems to be the forgotten man....one who also made loads of mistakes, but without him where would we be in terms of our stadium...still wittering over what to do next like Forest perhaps?
Perhaps a little more recognition at the ground for the man who made it possible wouldn’t be out of place.

P.S. GP...you’re arguing for the sake of it. My one and only point was that, in suggesting that PP had an estimated value of £22.7m, Steve Gibson was guilty of gross stupidity. Whichever way you look at it the stadium and the surrounding land is worth far, far more than £22.7m.
He has every right to disagree with the £80m valuation - its value is, as you suggest, very debatable - but he should at least have produced a realistic alternative not an absurd one.

[StensonRam]

The report mentioned the land cost alone would be £4m and to build PP now would cost c77m

[mistaram]

Have a read of the report on how they came to the valuation, page 77 onwards I think, read it all last night and very interesting especially the formula used, cost per seat to build x the ground capacity, how the filled in corners cost more per seat to build, the specially reinforced foundations used during the build, the £9m worth of improvements and modernisation since 2016 like the 3g pitch, led perimeter advertising, the big screen, editing suite and PA system, improved floodlights, refurbished hospitality, the EFL valuer debunked all of that and claimed it was a 'bog standard' stadia nothing more, tried comparing with the globe arena or some rugby ground in terms of cost to build, the panel effectively told him your talking out your 4rse and agreed with our valuation as about right, go and read it's a good insight

Don't tell Geoff that he I'll be improving his car