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Post by David Schofield on Jun 21, 2024 21:03:42 GMT
that My worry comes from not seeing any financials Building and filling International Student Accommodation in global cities with world class universities is one thing… a lower league football club’s ground is quite another, he has no experience of this. Not a criticism, just reality. Pack it up David. This is his bread and butter and he has delivered on everything he has said he would. He puts his money where his mouth is. In a few years time we will be pinching ourselves as we stand there thinking this is magnificent What..? I’ve described his bread and butter Building a lower league stadium is not that Zero doubt about his ability to do it and do it really well… it’s whether we should that is questionable, £2-3Million EVERY SEASON just to service the debt is nothing to be trivialised
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Post by popeye on Jun 21, 2024 21:06:32 GMT
Pack it up David. This is his bread and butter and he has delivered on everything he has said he would. He puts his money where his mouth is. In a few years time we will be pinching ourselves as we stand there thinking this is magnificent What..? I’ve described his bread and butter Building a lower league stadium is not that Zero doubt about his ability to do it and do it really well… it’s whether we should that is questionable, £2-3Million EVERY SEASON just to service the debt is nothing to be trivialised I have every faith in him and will trust him to deliver not just the stadium but financial stability. He won’t leave us high and dry.
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Post by David Schofield on Jun 21, 2024 21:07:54 GMT
What..? I’ve described his bread and butter Building a lower league stadium is not that Zero doubt about his ability to do it and do it really well… it’s whether we should that is questionable, £2-3Million EVERY SEASON just to service the debt is nothing to be trivialised I have every faith in him and will trust him to deliver not just the stadium but financial stability. He won’t leave us high and dry. Can I ask you, based on what..?
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Post by desmond on Jun 21, 2024 21:16:50 GMT
Pack it up David. This is his bread and butter and he has delivered on everything he has said he would. He puts his money where his mouth is. In a few years time we will be pinching ourselves as we stand there thinking this is magnificent What..? I’ve described his bread and butter Building a lower league stadium is not that Zero doubt about his ability to do it and do it really well… it’s whether we should that is questionable, £2-3Million EVERY SEASON just to service the debt is nothing to be trivialised What’s the alternative though ? Do we stagnate as we are clearly outgrowing EP as it currently stands and adding another 8,000 spaces doesn’t seem overkill
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Post by ancienthatter on Jun 21, 2024 21:25:08 GMT
I have every faith in him and will trust him to deliver not just the stadium but financial stability. He won’t leave us high and dry. Can I ask you, based on what..? Every single successful club takes a gamble on the finances the owner can deliver. Stott is probably as good a bet as we’ll ever see. The alternative was for Richard Park and Chris Bramall to say no thanks we’re waiting for something less risky… er… what is going to be any less risky than Mark Stott??? Bring it on. If he goes bust some one else will move in. If nobody comes in you get your wish with a Phoenix club at Woodley. Surely that’s a win win for you Dave?
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Post by popeye on Jun 21, 2024 21:33:59 GMT
I have every faith in him and will trust him to deliver not just the stadium but financial stability. He won’t leave us high and dry. Can I ask you, based on what..? Yes, AH sums it up above. Life is for living, enjoy the journey whilst you can.
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Post by The Real Exile on Jun 21, 2024 22:38:56 GMT
Pack it up David. This is his bread and butter and he has delivered on everything he has said he would. He puts his money where his mouth is. In a few years time we will be pinching ourselves as we stand there thinking this is magnificent What..? I’ve described his bread and butter Building a lower league stadium is not that Zero doubt about his ability to do it and do it really well… it’s whether we should that is questionable, £2-3Million EVERY SEASON just to service the debt is nothing to be trivialised So that is just the interest alone?
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Post by herbiedumplings on Jun 21, 2024 22:54:14 GMT
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Post by David Schofield on Jun 21, 2024 23:27:38 GMT
What..? I’ve described his bread and butter Building a lower league stadium is not that Zero doubt about his ability to do it and do it really well… it’s whether we should that is questionable, £2-3Million EVERY SEASON just to service the debt is nothing to be trivialised What’s the alternative though ? Do we stagnate as we are clearly outgrowing EP as it currently stands and adding another 8,000 spaces doesn’t seem overkill The alternative isn’t “do nothing” though is it..? I’m happy with the design, the ambition and have faith in the ability to deliver a quality product we can all be immensely proud of… I’m just asking whether we need to spend between £40-60M that we simply do not have in order to get there
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Post by David Schofield on Jun 21, 2024 23:28:49 GMT
Can I ask you, based on what..? Every single successful club takes a gamble on the finances the owner can deliver. Stott is probably as good a bet as we’ll ever see. The alternative was for Richard Park and Chris Bramall to say no thanks we’re waiting for something less risky… er… what is going to be any less risky than Mark Stott??? Bring it on. If he goes bust some one else will move in. If nobody comes in you get your wish with a Phoenix club at Woodley. Surely that’s a win win for you Dave? You cheeky Seriously. You are having a laugh.
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Post by David Schofield on Jun 21, 2024 23:37:08 GMT
What..? I’ve described his bread and butter Building a lower league stadium is not that Zero doubt about his ability to do it and do it really well… it’s whether we should that is questionable, £2-3Million EVERY SEASON just to service the debt is nothing to be trivialised So that is just the interest alone? Yes. The very best interest rates on a commercial property are 5.0/5.5% (we are talking Government backed projects here) but let’s say we (by virtue of Mark Stott’s credit rating (and continued support) then £40M at 5% for an interest only mortgage is £2M a year 15 year repayment mortgage… £4.7M a season Reality… 9% And we still don’t own it
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Post by Durango95 on Jun 22, 2024 4:48:48 GMT
I understand you’re concern but as a club and the gates we’re getting now we’ve way outgrown the capacity and massively need more seats! It’s odd from a pov that we were so shit a few years ago and now we’re good again, but the way we’ve grown with investment the only thing letting us down now is the ground. There’s a lot more demand for seats now than there is seats so we need to act on it. Plus if it all goes tits up one day (hope not) we’ll have a great ground (when it’s finished) and would be a lot more attractive than we are currently. We need to evolve. We have everywhere else … except EP and it’s long overdue for us.
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Post by timberwolf on Jun 22, 2024 8:12:30 GMT
Hopefully they can make a start on the Railway End by doing as much groundwork as possible before the demolition of the stand(shouldn't take long) so that we can retain a 10K capacity. Could we actually build the new RE behind the present one if there is room. That way we could keep the capacity as it is and able us to either lengthen the pitch or move it slightly away from the CE. Feel its an opportunity to do this as its tight at the CE.
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Post by timberwolf on Jun 22, 2024 8:17:21 GMT
I understand you’re concern but as a club and the gates we’re getting now we’ve way outgrown the capacity and massively need more seats! It’s odd from a pov that we were so shit a few years ago and now we’re good again, but the way we’ve grown with investment the only thing letting us down now is the ground. There’s a lot more demand for seats now than there is seats so we need to act on it. Plus if it all goes tits up one day (hope not) we’ll have a great ground (when it’s finished) and would be a lot more attractive than we are currently. We need to evolve. We have everywhere else … except EP and it’s long overdue for us. By tits up i really doubt we,ll go as low as we once did. We could have in the future a situation of us rattling around in a ground at that moment is too big for us but that could change as quick as our fortunes and support have done over the last few seasons. If we get a few seasons with say 15k home support i doubt that would drop off to 3k level again but more like double that in the bad times.
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Post by Sina on Jun 22, 2024 8:22:00 GMT
So that is just the interest alone? Yes. The very best interest rates on a commercial property are 5.0/5.5% (we are talking Government backed projects here) but let’s say we (by virtue of Mark Stott’s credit rating (and continued support) then £40M at 5% for an interest only mortgage is £2M a year 15 year repayment mortgage… £4.7M a season Reality… 9% And we still don’t own it I work in the commercial lending sector. Where do you get the very best is 5%, out of interest? (Pardon the pun).
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