Cardiff Council own the freehold. The rest are tenants or sub-tenants. It's exactly the same as The Liberty.
The Cardiff City Stadium (Welsh: Stadiwm Dinas Caerdydd) is a Premier League football stadium in the Leckwith area of Cardiff, Wales. It is the home of Cardiff City Football Club. The stadium replaced Ninian Park as Cardiff's home ground in 2009. The stadium is managed by Cardiff City Stadium Ltd., which is owned by Cardiff City Football Club Holdings Ltd.
Not even a WUM. Come on PGF you can do better than that. We explained all about ownership and mortgages when the stadium was built. Not going to repeat it again. Don't believe everything Daiswan tells you.
It's not a wum. Do your own investigations and find out who owns the freehold of the stadium. It's not hard.
Fire away. Report back to me in a day or two with the result of your investigations - http://www.landregistry.gov.uk/public/property-ownership
So what are the terms of the lease hold then PGF? Fair play to pay to build a stadium on land they don't have secured would be very foolish. Almost unbelievably foolish.... Cardiff city FC own the bit on top of the land (with a mortgage). Swansea council own that bit in your case. That's not the same.
PGF, you are right about the lease but take into account the following: -. It is a 125 year lease which in legal and lending terms (hence the lessees ability to borrow a mortgage on the security of the stadium which is regarded as good as freehold until the remaining term drops to around 50 years). In addition the lessee (Cardiff City Stadium Ltd, a wholly owned subsidiary of Cardiff City Football Club Holdings Ltd) pays only a nominal ground rent rather than the sort of rent a commercial tenant SHOULD pay on a short term lease such as I believe exists for the Liberty. You will know more about this latter point than me.
As I said, the Council are the freeholders and the rest are tenants. You can dress it up as much as you like but the end result is the same - Cardiff City don't own the stadium. FFS, how could a club with a huge debt own it?? Put your thinking caps on There are companies, sub companies and stadium operators. But the bottom line is that the football clubs are mere tenants to the landlord.
It's just like houses used to be, you would by a house on a 99 year lease. You OWNED that house and could sell it on, within that 99 year lease. At the end of that lease the land could go back to the land owner or you could buy another 99 year lease. Some time ago the government brought out a freehold act that made land owners to sell the freehold of that land. I think you'll find that Cardiff City own 100% of the stadium but Cardiff City council own the freehold of the land. When I bought my first house it had 78 years left of the lease and I paid the land owner some thing like £2.50 a year land rent. I was later able to buy the freehold for £500.
Leasehold Reform Act 1967 Dave - you can extend your lease or purchase the freehold. An Act championed by your very own Jim Callaghan. Anyway, that's a side issue.Your statement that Cardiff City (I assume you mean the football club) "own" 100% of the stadium is incorrect.
The stadium is managed by Cardiff City Stadium Ltd., which is owned by Cardiff City Football Club Holdings Ltd.
PGF, stop trolling, you question has been answered, your view is distorted due to your allegiences not on fact. No need to continue trying to get a bite.
