TomDixie
Player Valuation: £20m
Aye.
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Aye.
diggerdestroyer
Player Valuation: £40m
Spurs development 61,000 retractable roof and pitch with artificial pitch underneath hotel probably they will throw in a lapdancing club etc. Levy is a waste of space
We will be investing in re spraying the chips that surround pitch in royal blue again. Kenwright is the man.
We will be investing in re spraying the chips that surround pitch in royal blue again. Kenwright is the man.
The loam may be secured to season ticket sales, but doesn't/couldn't eat up all the money generated by ticket sales. It will be a portion of the overall received otherwise it will have been the most expensive loan ever ever ever.
The Esk
Player Valuation: £70m
The loan is at 7.7% over 25 years, total repayment £69,190,000 approximately.
The issue would be the first lender allowing a second charge over the same security. If I was the first lender I am not sure I would agree to it.
Brendan Janus
Player Valuation: £40m
Should have used Quick Quid !!
I don't think the first lender would have a problem.
The trick would be getting a financial institution to accept a second charge.
However, as with all long term loans, the older they get the less onerous they are because of inflation etc.
When that loan was first set up it represented a far bigger percentage of the clubs overall turnover than it does today.
I think at this stage we have nearly forgotten what we were talking about in the first place.
marty mcfly
Player Valuation: £40m
7.7% is a pretty good rate.
The Esk
Player Valuation: £70m
I agree, I wouldn't lend the club money at 7.7% lol
Barkley1878
Player Valuation: £1.5m
Assuming I have this right and that rumour is true, how many season tickets are sold x by how much roughly?
Assuming about £60-80 million can be given from that, add any money from the future TV deals, money made from selling land GP is on and any additional funding from the council + possible outside partners maybe this could be the plan to fund the stadium?
Maybe the board want to save face and know a 3rd failed stadium move could be one too many for the fans to take? Or maybe Earle/Green etc. are tired of plodding along and want this done asap to try sell at that big profit?
Assuming about £60-80 million can be given from that, add any money from the future TV deals, money made from selling land GP is on and any additional funding from the council + possible outside partners maybe this could be the plan to fund the stadium?
Maybe the board want to save face and know a 3rd failed stadium move could be one too many for the fans to take? Or maybe Earle/Green etc. are tired of plodding along and want this done asap to try sell at that big profit?
larrygobfiend
Player Valuation: £40m
Well, it was a nice thought.
*sigh*
*sigh*
marty mcfly
Player Valuation: £40m
In fairness I think I would. Better than what the banks will give you.
marty mcfly
Player Valuation: £40m
If you look at it from the board's position. With West Ham, Spurs and Liverpool all moving forward with their stadiums and the rise of Southampton and Swansea we run the risk of slipping down the league positions further. This will only a) increase the pressure on the board and b) decrease the amount they can sell for. The TV money has given us a unique opportunity to be able to afford a new stadium and they would be mad if they don't go ahead with it.
Toffeelover
Player Valuation: £80m
Did the club take out such loan in2003 or not? If it did what the heck was the purpose or need for such loan?
The Esk
Player Valuation: £70m
From the 2002 accounts:
Moving on to the Balance Sheet, the most significant event
during the year was our agreeing a £30m securitisation
package - via Bear Stearns - with Prudential. The £30m
loan, repayable over 25 years on a fixed rate of interest,
made sound commercial sense and restructuring our
borrowing in this way allows us to plan properly for the
future. It has to be said that the securitisation product is
not new to football but given the sensitivity of the “City”
to the financial problems being experienced in the football
sector, I think it unlikely that there will be many more such
opportunities available in the near future. It must be
remembered, however, that simply by restructuring the
loan we still have the debt to service, and the Club is now
making annual repayments at a rate of £2.8m per annum
over the term of the loan.
We certainly do have challenges
ahead of us at the Club, no more so than the Club
confirming its ability to find its £30m equity investment in
the proposed new stadium project. Your Board is diligently
working towards this aim and, as we have openly said in
the past, we will not allow this project to in any way
inhibit our ability to take the Company forward both on
and off the field of play.
The net asset position has positively improved, helped by
the reduced working capital pressure following the
securitisation.