- Apr 1, 2005
- 41,363
- 74,893
If I were Levy I would have made a verey generous offer (rumoured to be £3m or £4m) for Archway to sell me the land so as to avoid the legal costs, my/Spurs employees time, costs of delay etc
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As it is, we've now been delayed by possibly a year plus we will need to pay both our legal costs plus Harringay's (we indemnified them).
So if the independent market price is £1m for the site, I might still go to them and offer £1.75m for them to sell and vacate quickly - but making it clear that its being done as a sign of goodwill - provided they end this now.
Alternatively given that their antics have probably cost us a few million plus the costs of delay, I might just ***** it we're only going to pay the market costs (£1m) plus reasonable costs of moiving £100k). But better to pay a small premium of say £500k on top
You're forgetting the 2 years we waited for the CPO.