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Stadium refinancing idea

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Awful idea. And for what? A paltry £10m a year for transfer IF the half cocked idea pays off? No thank you.

EchoMan said:
Offer preferential rates to season ticket holders.
Buy one hotel in a place SAFC supporters would want to go on holiday.
Guaranteed income IMO.
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:lol: Ludicrous.

rjj501 said:
I read a Mintel report on the budget hotel sector a few years ago. There appeared to be vast profits to be had if the formula was right. Clearly Premier Inn (Whitbread) have got this formula right and are (have already!) expanding rapidly.

At £10m per site, I think the club would be able to enter the budget hotel space effectively... a cursory scan of some land banks and there are a few sites for development on major arterial routes where the buy + build (inc fit out) cost could be completed under this budget.

I’m no expert in hotel operations, but I notice that Premier Inn ROCE was 15.4% this year...

It’s certainly food for thought. Depends how much they feel comfortable leveraging, I suppose. With the right formula, expansion into the correct sites, with a well managed debt structure, the Club could end up in a very strong position... equally... the club could end up owning a low occupancy shit box or four..,
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You have to appreciate that Premier Inn (and Travel Lodge, Holiday Inn, Days Inn etc) are all very well established chains. People use them 'cos they know what they're going to get at the price.
 
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chriswallace85 said:
Awful idea. And for what? A paltry £10m a year for transfer IF the half cocked idea pays off? No thank you.


:lol: Ludicrous.



You have to appreciate that Premier Inn (and Travel Lodge, Holiday Inn, Days Inn etc) are all very well established chains. People use them 'cos they know what they're going to get at the price.
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What’s your brilliant business idea to get the funds needed to get us up the leagues then?
 
As well as the fact Donald was clearly just thinking out loud about one of many ideas he has to work through and think about... they've done nothing to suggest we can't trust them to run the club well and make decisions in it's best interests.

kildaremackem said:
do what norwhich do..their owners arent icher than pours..they dont spend big..they are top of the champo...
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Aiming high there mate :rolleyes:

Let's do it our own way and get as high as we can.
 
johnnyat87 said:
As well as the fact Donald was clearly just thinking out loud about one of many ideas he has to work through and think about... they've done nothing to suggest we can't trust them to run the club well and make decisions in it's best interests.


Aiming high there mate :rolleyes:

Let's do it our own way and get as high as we can.
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They've only been here 5 minutes man.
 
johnnyat87 said:
As well as the fact Donald was clearly just thinking out loud about one of many ideas he has to work through and think about... they've done nothing to suggest we can't trust them to run the club well and make decisions in it's best interests.


Aiming high there mate :rolleyes:

Let's do it our own way and get as high as we can.
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well top of the champo is pretty high for where we are now..
and norwhich have a higher top flight finish than us over my lifetime..if we copy them we can do better becasue we get bigger gates..though i reckon their ticket prices are very expensive..
 
chriswallace85 said:
They've only been here 5 minutes man.
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And done a good job so far. Been more transparent than any owners I've known about and seem to listen to what the fans want and try what they can to deliver it.

So.…. they've done nothing to suggest we can't trust them so far.

The very fact he's mentioned it in passing when it is still only one of many ideas....not exactly hiding something shady is he :lol:
 
johnnyat87 said:
And done a good job so far. Been more transparent than any owners I've known about and seem to listen to what the fans want and try what they can to deliver it.

So.…. they've done nothing to suggest we can't trust them so far.

The very fact he's mentioned it in passing when it is still only one of many ideas....not exactly hiding something shady is he :lol:
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That's all well and good but it doesn't mean he has free rein to go out and pawn the club's biggest asset.
 
Ale taster said:
Just listened to Mr Donald's podcast for the second time and his idea (which is just that at this stage and may come to nothing) of securing £40m of borrowing against half the value of the ground to buy, for example, four hotels at £10m each that would each generate £2.5m per annum to be ploughed straight back into the team to help us compete against other clubs parachute payments in the Championship.
I think this makes perfect sense if done prudently which I trust SD would, but it does expose our ground to an element of risk.
What do the financial savvy think ?
@Grumpy Old Man etc. etc.
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Hotels?

f***ing hell, what will he invest in next, coal-mining? Air BnB is just the start man.

I'm not wild about using the ground as collateral because I'm risk averse and it is the crown jewels. But I'd want to see a lot better repayment plan and investment strategy than this for me to change my mind.
 
chriswallace85 said:
That's all well and good but it doesn't mean he has free rein to go out and pawn the club's biggest asset.
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It doesn't but he wasn't talking about all of or even most of it. And it depends whether or not it's viable or sensible. He even said himself about being cautious about doing it. It was just one option that was worth considering.

I'm just pleased we have owners that I believe care and want to do a good job (from the fans eyes, not their own pockets) and that they're at least trying to develop the commercial side which is something we've been sorely lacking in.
 
johnnyat87 said:
It doesn't but he wasn't talking about all of or even most of it. And it depends whether or not it's viable or sensible. He even said himself about being cautious about doing it. It was just one option that was worth considering.

I'm just pleased we have owners that I believe care and want to do a good job (from the fans eyes, not their own pockets) and that they're at least trying to develop the commercial side which is something we've been sorely lacking in.
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I'd agree that the commercial end of things probably has been neglected or at least mismanaged in the past few years, however I do believe if you sorted the football out, the commercial side should really look after itself.
 
chriswallace85 said:
I'd agree that the commercial end of things probably has been neglected or at least mismanaged in the past few years, however I do believe if you sorted the football out, the commercial side should really look after itself.
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To an extent, but if we really want to compete then we need to make the most of every opportunity we can. Netflix, improved club store setup - which they're working on, stadium naming (imo), and anything else they can figure out.
 
BumbleBee said:
Donald, Methven and Sartori own "the club". Therefore what "the club" owns essentially belongs to them.



Not the case. Donald said at the outset it was "an opportunity". Philanthropy was never mentioned.
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Lets be honest the first thing they had to do was stabalise us hes said that a million times, so it is the case 100 per cent
 
johnnyat87 said:
To an extent, but if we really want to compete then we need to make the most of every opportunity we can. Netflix, improved club store setup - which they're working on, stadium naming (imo), and anything else they can figure out.
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I agree - but floggin' the ground to raise money for a handful of championship players doesn't sound like a very good opportunity to me.
 
chriswallace85 said:
I agree - but floggin' the ground to raise money for a handful of championship players doesn't sound like a very good opportunity to me.
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I couldn't care less. If it's a sponsorship thing for x number of years I've got no attachment to the current name.

And the idea of the hotels or whatever was to create revenue for years to come.

We'll see what happens. I trust they won't do it unless it is well worked through and sensible.
 
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