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Post by herbiedumplings on Jun 22, 2024 13:49:28 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. I’m not seeing anything better than 4.7% + BR, so I’m guessing your point is that 5% is very optimistic?
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Post by muddywaters on Jun 22, 2024 14:20:58 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..? It is hard to tell how much Mark Stott is worth due to the lack of transparency in the way that his businesses are structured. The main reason why most people think that he is minted was the report in the MEN (just before he bought County) that he had sold a portfolio of properties worth £650M to Deutsche Bank, what the report failed to mention was by the time he had paid off all the loans/fees etc he made about £40M on the deal most of which was used to offset losses in the rest of the VITA business. He's obviously well off but he's no Jim Ratcliffe.
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Post by chadders on Jun 22, 2024 14:42:23 GMT
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..? It is hard to tell how much Mark Stott is worth due to the lack of transparency in the way that his businesses are structured. The main reason why most people think that he is minted was the report in the MEN (just before he bought County) that he had sold a portfolio of properties worth £650M to Deutsche Bank, what the report failed to mention was by the time he had paid off all the loans/fees etc he made about £40M on the deal most of which was used to offset losses in the rest of the VITA business. He's obviously well off but he's no Jim Ratcliffe. Also worth looking at the source of funding of the acquisition of new shares to offset the debt so far: intercompany loans. I’m not saying there’s anything untoward or underhand going on but we need to be realistic about a) his wealth and b) the fact the ground is going to be debt-funded.
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Post by herbiedumplings on Jun 22, 2024 14:43:14 GMT
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..? It is hard to tell how much Mark Stott is worth due to the lack of transparency in the way that his businesses are structured. The main reason why most people think that he is minted was the report in the MEN (just before he bought County) that he had sold a portfolio of properties worth £650M to Deutsche Bank, what the report failed to mention was by the time he had paid off all the loans/fees etc he made about £40M on the deal most of which was used to offset losses in the rest of the VITA business. He's obviously well off but he's no Jim Ratcliffe. I wonder how much of JR’s wealth is tied to assets he’s acquired because no-one else wants them? I feel like it’s a bit like me saying I’m rich because I own the world’s biggest collection of Sega Saturns. I mean, I guess the circuitboards have maybe a quid’s worth of precious metals on them, but it’s hardly as though they’re worth $399 each anymore…
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Post by muddywaters on Jun 22, 2024 14:54:32 GMT
It is hard to tell how much Mark Stott is worth due to the lack of transparency in the way that his businesses are structured. The main reason why most people think that he is minted was the report in the MEN (just before he bought County) that he had sold a portfolio of properties worth £650M to Deutsche Bank, what the report failed to mention was by the time he had paid off all the loans/fees etc he made about £40M on the deal most of which was used to offset losses in the rest of the VITA business. He's obviously well off but he's no Jim Ratcliffe. Also worth looking at the source of funding of the acquisition of new shares to offset the debt so far: intercompany loans. I’m not saying there’s anything untoward or underhand going on but we need to be realistic about a) his wealth and b) the fact the ground is going to be debt-funded. Yes the lack of transparency winds me up. Mark Stott's whole business model is based on using other people's money. No problem with that and if he chooses to do the same with County, just tell us.....................don't give us all this guff about debt for equity swops when the funding is coming in higher up.
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Post by muddywaters on Jun 22, 2024 15:12:33 GMT
It is hard to tell how much Mark Stott is worth due to the lack of transparency in the way that his businesses are structured. The main reason why most people think that he is minted was the report in the MEN (just before he bought County) that he had sold a portfolio of properties worth £650M to Deutsche Bank, what the report failed to mention was by the time he had paid off all the loans/fees etc he made about £40M on the deal most of which was used to offset losses in the rest of the VITA business. He's obviously well off but he's no Jim Ratcliffe. I wonder how much of JR’s wealth is tied to assets he’s acquired because no-one else wants them? I feel like it’s a bit like me saying I’m rich because I own the world’s biggest collection of Sega Saturns. I mean, I guess the circuitboards have maybe a quid’s worth of precious metals on them, but it’s hardly as though they’re worth $399 each anymore… Fair point on Jim Ratcliffe, just like Mark Stott, his business isn't a quoted company so it is difficult to say how much it is worth. I can't say that I have ever looked at Ineos' balance sheet and I am relying on what everybody else (including the Times' Rich list) is saying.
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Post by The Real Exile on Jun 22, 2024 15:13:45 GMT
It is hard to tell how much Mark Stott is worth due to the lack of transparency in the way that his businesses are structured. The main reason why most people think that he is minted was the report in the MEN (just before he bought County) that he had sold a portfolio of properties worth £650M to Deutsche Bank, what the report failed to mention was by the time he had paid off all the loans/fees etc he made about £40M on the deal most of which was used to offset losses in the rest of the VITA business. He's obviously well off but he's no Jim Ratcliffe. I wonder how much of JR’s wealth is tied to assets he’s acquired because no-one else wants them? I feel like it’s a bit like me saying I’m rich because I own the world’s biggest collection of Sega Saturns. I mean, I guess the circuitboards have maybe a quid’s worth of precious metals on them, but it’s hardly as though they’re worth $399 each anymore… I'm missing a Saturn from my collection.....
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Post by herbiedumplings on Jun 22, 2024 15:22:07 GMT
I wonder how much of JR’s wealth is tied to assets he’s acquired because no-one else wants them? I feel like it’s a bit like me saying I’m rich because I own the world’s biggest collection of Sega Saturns. I mean, I guess the circuitboards have maybe a quid’s worth of precious metals on them, but it’s hardly as though they’re worth $399 each anymore… I'm missing a Saturn from my collection..... Open to offers over $399.
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Post by AmericanHatter on Jun 22, 2024 15:25:27 GMT
Regardless on how Stott makes his money and/or uses it, he has County's best interests at heart and seems shrewd enough and intelligent enough to make sure what his visions for the club are, are done correctly and financially sound also.
He is a businessman and is not gonna overly stretch himself to make things happen and mess up not only his own interests but the interests of the club as a whole.
Now, can we go out tomorrow and buy a player for 10 million? Of course not. But can we improve our squad a lot easier than other clubs similar to us? Yes.
As far as this refurbishment goes, all seems pretty promising and beneficial to not only enhance the experience of the current fanbase and surrounding community, but to gain new fans as well.
Eager to see it fully realized.
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Post by muddywaters on Jun 22, 2024 15:33:50 GMT
Regardless on how Stott makes his money and/or uses it, he has County's best interests at heart and seems shrewd enough and intelligent enough to make sure what his visions for the club are, are done correctly and financially sound also. He is a businessman and is not gonna overly stretch himself to make things happen and mess up not only his own interests but the interests of the club as a whole. Now, can we go out tomorrow and buy a player for 10 million? Of course not. But can we improve our squad a lot easier than other clubs similar to us? Yes. As far as this refurbishment goes, all seems pretty promising and beneficial to not only enhance the experience of the current fanbase and surrounding community, but to gain new fans as well. Eager to see it fully realized. Mel Morris was a successful businessman before he burnt through £200M trying to revitalise Derby County.................guess the fact that Mark Stott isn't County fan will hopefully stop that happening.
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Post by AmericanHatter on Jun 22, 2024 16:05:56 GMT
Regardless on how Stott makes his money and/or uses it, he has County's best interests at heart and seems shrewd enough and intelligent enough to make sure what his visions for the club are, are done correctly and financially sound also. He is a businessman and is not gonna overly stretch himself to make things happen and mess up not only his own interests but the interests of the club as a whole. Now, can we go out tomorrow and buy a player for 10 million? Of course not. But can we improve our squad a lot easier than other clubs similar to us? Yes. As far as this refurbishment goes, all seems pretty promising and beneficial to not only enhance the experience of the current fanbase and surrounding community, but to gain new fans as well. Eager to see it fully realized. Mel Morris was a successful businessman before he burnt through £200M trying to revitalise Derby County.................guess the fact that Mark Stott isn't County fan will hopefully stop that happening. Mel Morris was an egotistical moron, Stott is far from that. He has been prudent so far in his spending and not went overboard, don't see that changing of all a sudden. Again, he does not seem the type to go totally in debt just to see us succeed. And as far as financial transparency goes, he does not have to let the fans know where majority of his money comes from tbh.
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Post by muddywaters on Jun 22, 2024 16:25:31 GMT
Mel Morris was a successful businessman before he burnt through £200M trying to revitalise Derby County.................guess the fact that Mark Stott isn't County fan will hopefully stop that happening. Mel Morris was an egotistical moron, Stott is far from that. He has been prudent so far in his spending and not went overboard, don't see that changing of all a sudden. Again, he does not seem the type to go totally in debt just to see us succeed. And as far as financial transparency goes, he does not have to let the fans know where majority of his money comes from tbh. Don't know enough about Mel Morris to comment on that. As regards where the money comes I have to disagree with you, as fans we we entitled to know where the money is coming from, especially when it is not coming from him personally.
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3330
Contributor
Posts: 862
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Post by 3330 on Jun 22, 2024 16:45:33 GMT
Lots of things to talk about but to get to some small details i noticed The DB stand roof change looks great ......its still going to have painted brick on the new extention walls (yuk) The knotweed problem has been treated for the last 2 years on all areas....... the enviromental impact on wildlife, Fauna/Flora can be mitigated according to experts At the county consultation stage a large section of replies asked for safe standing but it hasnt yet been applied to any planning application (YET) Why yuk on the Main Stand extension? Keeping the facade is a big part of what this development is getting right and the extension looking different would be hideous. Been to EP today for a market visit Had a good look at the front of the DB stand Good god it needs a great deal of TLC (looks scruffy with the dreaded paint filthy and peeling off on all areas including the facade The DB stand referb can't come fast enough for me after seeing it close up
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Post by mattyovrio on Jun 22, 2024 17:01:55 GMT
Also worth looking at the source of funding of the acquisition of new shares to offset the debt so far: intercompany loans. I’m not saying there’s anything untoward or underhand going on but we need to be realistic about a) his wealth and b) the fact the ground is going to be debt-funded. Yes the lack of transparency winds me up. Mark Stott's whole business model is based on using other people's money. No problem with that and if he chooses to do the same with County, just tell us.....................don't give us all this guff about debt for equity swops when the funding is coming in higher up. For the ongoing finance of the club (excluding ground development) this is not guff but true. TBF the club representatives have been up front in saying the ground development will need ‘outside’ financing.
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Post by suedehead on Jun 22, 2024 18:35:06 GMT
Mel Morris was a successful businessman before he burnt through £200M trying to revitalise Derby County.................guess the fact that Mark Stott isn't County fan will hopefully stop that happening. Mel Morris was an egotistical moron, Stott is far from that. He has been prudent so far in his spending and not went overboard, don't see that changing of all a sudden. Again, he does not seem the type to go totally in debt just to see us succeed. And as far as financial transparency goes, he does not have to let the fans know where majority of his money comes from tbh. I’m very keen on the new plans, the progression of the club etc but we haven’t been prudent with our spending. We’re a big financial pit purely propped up by one man’s good will now.
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