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Post by David Schofield on May 14, 2023 18:11:19 GMT
“I trust Stott in every possible way” You really ought not to; that is not to say he has done anything to warrant distrust but who knows what his exit plan is..? If we do get to the Championship in 7 years as promised we are in course for £35M in losses; and that is before we spend £28M (you can double that outlay on a 15 year commercial mortgage) doing half a job on the ground And then what..? £23M a year losses on average each year for Championship Clubs, that’s £23M each club, each year! We are on a suicide mission and believe me when I say only a fool would think Mark Stott is paying for those losses; his creditworthiness would keep us in business (maybe) but I can only see one of two options if he decides to go 1. We are done. Over. Finished - 2. We are a ready made Premier League B Team I would love to hear a revised, sensible plan with a focus on organic growth and manageable losses You mean like a National League side. No I don’t, I mean like Burton. Do with us what was done with them and we will be a Championship Club with a chance of survival
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Post by hedleyverity on May 14, 2023 18:18:33 GMT
Once again.....Wrexham are getting a 25 million pound Welsh government grant, not their fault for taking what's offered to them but they were turned down in January, It stinks of heads being turned by the Hollywood factor & putting North Wales on the map, but that's 25 million of Welsh tax payers money being spent on a stand of a football club in North Wales, can't imagine that sitting well if you live somewhere in South Wales that's having services cut. and our grant won't be that high because vaughen said it will pay for some of it or something along those lines and it will most likely come from stotts company unless it's the council but i personally think it will be vita group. I wouldn’t have thought we’ll get any grant at all
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Post by scfc73 on May 14, 2023 20:33:58 GMT
and our grant won't be that high because vaughen said it will pay for some of it or something along those lines and it will most likely come from stotts company unless it's the council but i personally think it will be vita group. I wouldn’t have thought we’ll get any grant at all Correct. The grant for Wrexham from the Welsh government is based on the premise that the race course ground will be able to hold Welsh international games again.
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Post by Durango95 on May 14, 2023 20:42:42 GMT
Is there any indication that building materials, inflation, interest rates are going to come anywhere close to where they were pre covid in the short to medium term though? I feel like if we're waiting for that we could be waiting a long time. Pre-covid interests rates were a 15 year aberration to be honest. But, building materials should reduce significantly. Cost of building materials (and labour) is dictated by supply and demand as well as inflation. Supply is a major problem right now. Inflation will come back down in due course. No-one in their right mind would embark on expensive building projects right now in my opinion. It makes no sense. I'm no expert by the way. Just a layman saying how I personally see things, knowing what (little) I know. Yet Stockport is having more building work and investment in new stuff than it's ever had. Manchester is also a never ending building site too.
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Post by herbiedumplings on May 14, 2023 20:43:00 GMT
I wouldn’t have thought we’ll get any grant at all Correct. The grant for Wrexham from the Welsh government is based on the premise that the race course ground will be able to hold Welsh international games again. The irony of the money being reassigned from the transport budget, so all those future international fans will get off at an unmodernised Wrexham General, looking like the Royston Vasey stop. Edit: From what I can gather, some work’s been done on the station there recently, so unfinished rather than completely unmodernised. Which is possibly even more cringe.
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Post by bigmartin on May 14, 2023 23:43:44 GMT
Pre-covid interests rates were a 15 year aberration to be honest. But, building materials should reduce significantly. Cost of building materials (and labour) is dictated by supply and demand as well as inflation. Supply is a major problem right now. Inflation will come back down in due course. No-one in their right mind would embark on expensive building projects right now in my opinion. It makes no sense. I'm no expert by the way. Just a layman saying how I personally see things, knowing what (little) I know. Yet Stockport is having more building work and investment in new stuff than it's ever had. Manchester is also a never ending building site too. Built on sand pardon the pun. Over 4,000 construction insolvencies in the first quarter of 2023. Tolent Construction (200m turnover). Metnor in the North East (70m turnover). Keeping me busy at work (I work in the Insolvency sector). Lots of people out of pocket. They can build. But they ain't making money, and quickly burning what reserves of cash they have chasing projects and hoping the economy turns, sharpish. It's not sustainable. The suits in my game are already predicting that 2023 is going to be a catastrophic year for insolvencies, construction insolvencies in particular and it's beginning to unravel.
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Post by timberwolf on May 15, 2023 8:11:43 GMT
I wouldn’t have thought we’ll get any grant at all Correct. The grant for Wrexham from the Welsh government is based on the premise that the race course ground will be able to hold Welsh international games again. Really doubt they,d have got a penny from their government if they were on their uppers and needed it. At least they do know where north wales exists though as in the past it was cardiff, cardiff, cardiff as in england its all london.
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Post by muddywaters on May 15, 2023 8:31:54 GMT
Yet Stockport is having more building work and investment in new stuff than it's ever had. Manchester is also a never ending building site too. Built on sand pardon the pun. Over 4,000 construction insolvencies in the first quarter of 2023. Tolent Construction (200m turnover). Metnor in the North East (70m turnover). Keeping me busy at work (I work in the Insolvency sector). Lots of people out of pocket. They can build. But they ain't making money, and quickly burning what reserves of cash they have chasing projects and hoping the economy turns, sharpish. It's not sustainable. The suits in my game are already predicting that 2023 is going to be a catastrophic year for insolvencies, construction insolvencies in particular and it's beginning to unravel. Working in finance, the main issue with the construction sector is that it is so easy to 'fiddle the books'. When accounting for long term contracts it is not difficult to create value on a company's balance sheet, by overvaluing work in progress and ignoring future contract losses. Unfortunately you can't create cash and eventually it catches up with you, you only need to look at the failure of Carillion to see that.
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Post by mat1scfc on Jul 14, 2023 16:21:53 GMT
24 minute interview with a small local radio station with kids involved. Love that from vaughen
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Post by desmond on Jul 14, 2023 17:36:50 GMT
24 minute interview with a small local radio station with kids involved. Love that from vaughen Great credit to him for that, he took it very seriously and answered the questions in some detail.
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