The thing is coop, the rent is not a pension contribution it is rent and although the money goes into the pot it is a commerial transaction like any other rent and there is no limit on the amount. The same applies to the point about shops negotiating reductions. I am sure that HMV could potentially negotiate a reduction in the position they are in, but that does not apply to the Saddlers. We are not going bust and we can afford the rent, that is the option to negotiate gone.
At the end of the day Suffolk Life have rules to adhere to and I don’t think a few football fans will make them change them. I understand that they have 3,500 tenants in various properties and we are just one. Here is an excerpt from their property guide:
Our requirements will be dependent on the type of tenant; if you are a connected tenant we must instruct a valuer to ascertain the market rent applicable and undertake rent reviews
where contained in the lease. We are unable to treat connected tenants more leniently than
any other tenant and rental payments must be made to protect your SIPP from tax penalties.
Potentially, it is not just a case of Bonser saying we will just pay the penalties, it will be Suffolk Life saying we will be negligent if we let you do that. In my opinion those are the facts and there may be other options which I am unaware of but Bonser is a businessman and he does it well, I think we are all aware of that.
We all choose what we do in life and that’s what he chose to be and we are customers and that’s what we chose to be. If he had chosen to run a charity he may have done things differently. I am not supporting him I am just pointing out that we appear to be on a loser keep moaning about the pension or the rent as Gamble was suggesting but not clarifying fully.The only real argument is to find out how much rent other clubs are paying and compare but that will be very difficult as the circumstances are always different.
I might be wrong, I don;t know for sure.