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Post by Henry Pratt on Jun 22, 2024 12:42:55 GMT
I work in the commercial lending sector. Where do you get the very best is 5%, out of interest? (Pardon the pun). If you are saying we could get a stronger rate than that then fair enough, I’d love to know where from..? Not a financial expert by any means, but isn't Stott worth hundreds of millions? What would prevent him loaning much/all of the money at 0% or not much higher? Are there rules to prevent that kind of thing when it comes to inter-company loans? Or doing what he's done so far and funding it then writing it off? The second option might be a bit naïve, sure, especially given the amount needed, but the first..?
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Post by Henry Pratt on Jun 22, 2024 12:45:07 GMT
It's a pity the Bergara extension doesn't seem to be planned to extend all the way to the Cheadle End, leaving that odd corporate building that's there at the moment (unless I'm missing something). Also, might be heretical to say it, but I'd love for away fans to be put in the CE or Bergara. When everything's done, they'll be the worst two stands, so it'll be a shame to give away fans some of the best seats. Probably more difficult to segregate the CE, but the Bergara would be easy enough as part of the development. The other benefit of putting away fans in the Bergara is that we'd have home fans behind both goals.
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Post by Nik on Jun 22, 2024 12:52:18 GMT
Yes Henry Moser, he put up half the money to buy the land behind the Railway End, the other half coming from one of Mark Stott's companies. Wouldn’t be a bad owner to take over from Stott once he’s ready to call it quits.. He's 74, so I'd be surprised at his age.
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Post by desmond on Jun 22, 2024 13:26:54 GMT
Wouldn’t be a bad owner to take over from Stott once he’s ready to call it quits.. He's 74, so I'd be surprised at his age. Possibly doesn’t matter either but he has a criminal conviction connected to one of his businesses
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Post by Sina on Jun 22, 2024 13:30:21 GMT
I work in the commercial lending sector. Where do you get the very best is 5%, out of interest? (Pardon the pun). If you are saying we could get a stronger rate than that then fair enough, I’d love to know where from..? You said 5% is the best and stated it as fact? I just wanted to know where you got that information from.
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Post by David Schofield on Jun 22, 2024 13:31:46 GMT
If you are saying we could get a stronger rate than that then fair enough, I’d love to know where from..? Not a financial expert by any means, but isn't Stott worth hundreds of millions? What would prevent him loaning much/all of the money at 0% or not much higher? Are there rules to prevent that kind of thing when it comes to inter-company loans? Or doing what he's done so far and funding it then writing it off? The second option might be a bit naïve, sure, especially given the amount needed, but the first..? Mark Stott is clearly not skint but that is not the point, he has explicitly said he won’t be funding it and will need to bring in external funding Brian Kennedy was (definitely) worth hundreds of millions…
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Post by chadders on Jun 22, 2024 13:33:14 GMT
Just want to make a point re costs and taking on debt: I was in the Co-op meetings with the club and it was made clear there wasn’t going to be a ‘big bang’ type of investment where we go from zero debt to £60m (arbitrary figure rather than anything the club indicated).
It will be phased based on demand. I can 100% see a scenario where we might become established as an L1 team with a new Railway End and the old Pop Side.
Personally, I share lots of Dave Schofield’s concerns. You can’t simply bankrupt yourself in the pursuit of having a shiny new ground. It would be f*cking madness after the shit the club has been through.
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Post by David Schofield on Jun 22, 2024 13:36:55 GMT
If you are saying we could get a stronger rate than that then fair enough, I’d love to know where from..? You said 5% is the best and stated it as fact? I just wanted to know where you got that information from. Yes I am stating it as fact, one based on experience, if I am wrong and out of touch in the commercial mortgage sector then I would be perfectly happy to say I am wrong… and I would love to hear where you would get better commercial mortgage rates for lower league football clubs to develop a ground they don’t own..
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Post by Sina on Jun 22, 2024 13:39:23 GMT
You said 5% is the best and stated it as fact? I just wanted to know where you got that information from. Yes I am stating it as fact, one based on experience, if I am wrong and out of touch in the commercial mortgage sector then I would be perfectly happy to say I am wrong… and I would love to hear where you would get better commercial mortgage rates for lower league football clubs to develop a ground they don’t own.. You're out of touch and wrong, then. Anyway. Your other points I don't completely disagree with.
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Post by Imposter on Jun 22, 2024 13:39:44 GMT
It's a pity the Bergara extension doesn't seem to be planned to extend all the way to the Cheadle End, leaving that odd corporate building that's there at the moment (unless I'm missing something). Also, might be heretical to say it, but I'd love for away fans to be put in the CE or Bergara. When everything's done, they'll be the worst two stands, so it'll be a shame to give away fans some of the best seats. Probably more difficult to segregate the CE, but the Bergara would be easy enough as part of the development. The other benefit of putting away fans in the Bergara is that we'd have home fans behind both goals. On the negative side, if the changing rooms and tunnel move to the Popside it would mean away teams running out and seeeing a sea of their own fans.
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Post by David Schofield on Jun 22, 2024 13:41:23 GMT
He's 74, so I'd be surprised at his age. Possibly doesn’t matter either but he has a criminal conviction connected to one of his businesses Wasn’t aware of that, blimey!
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Post by atmosphere on Jun 22, 2024 13:42:04 GMT
I like the idea of a split of home and away in the new Railway End. Will be good for the atmosphere. I imagine a lot of the younger fans would congregate to there.
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Post by David Schofield on Jun 22, 2024 13:42:17 GMT
Yes I am stating it as fact, one based on experience, if I am wrong and out of touch in the commercial mortgage sector then I would be perfectly happy to say I am wrong… and I would love to hear where you would get better commercial mortgage rates for lower league football clubs to develop a ground they don’t own.. You're out of touch and wrong, then. Anyway. Your other points I don't completely disagree with. Fair enough
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Post by scfc29 on Jun 22, 2024 13:43:32 GMT
We may not need one, we may just have the best option, but it still, to me anyway, needs a serious discussion about whether it is financially viable Be honest, and I promise this is not a gotcha question Have you reached the point where you think f*ck it, Mark Stott seems alright and he’s got plenty of money, roll the dice..? I'm at the point where football isn't financially viable, County aren't financially viable currently, spending double income roughly?, players wages are absolutely nuts. Mark Stott does seem alright, I think fans as a whole seem completely blase about how volatile property can be, much bigger outfits than his have gone tits up. I know accountants can make the figures say whatever is required, but Vita didn't look that profitable (to a complete lay person) last time I looked. I think the whole idea that we'll be more sustainable the higher we go doesn't bear any relation to reality. So basically I'm just enjoying the moment in a nothing I do will make a difference either way kind of way. Your last sentence sums it up really. I think there’s also a case of this is as good as it’s going to get. We’re not going to ever get a owner as trustworthy and with as deep pockets as this, so it’s now or never.
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Post by chadders on Jun 22, 2024 13:45:14 GMT
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