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Stadium refinancing idea

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johnnyat87 said:
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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One of the main things the club had going for it in spite of all the financial chaos was the fact it owned its home. Obviously mortgaging against it isn't akin to selling it off but it sounds a half-baked idea at best. Especially for a return which is (a) fanciful and (b) not even that good if it was achievable.
 
JimmyQuinn said:
One of the main things the club had going for it in spite of all the financial chaos was the fact it owned its home. Obviously mortgaging against it isn't akin to selling it off but it sounds a half-baked idea at best. Especially for a return which is (a) fanciful and (b) not even that good if it was achievable.
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i am against it as an idea...i can see their logic that in most buisnesses you would gear up an asset like that..but the replacement cost for a football stadium is waay to high to justify doing it..
 
kildaremackem said:
the idea isnt to flog the ground, its to mortgage it, kjust like the training ground is mortgaged now.
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EchoMan said:
That’s not what they are proposing though.

Why not read what they’ve said before you criticise.
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:rolleyes: :lol: Fuck sake man, can't you recognise a bit of hyperbole when you see it.
JimmyQuinn said:
One of the main things the club had going for it in spite of all the financial chaos was the fact it owned its home. Obviously mortgaging against it isn't akin to selling it off but it sounds a half-baked idea at best. Especially for a return which is (a) fanciful and (b) not even that good if it was achievable.
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This.
 
EchoMan said:
I recognise somebody trying to be a smart arse when I see it.

All you’re doing is your usual criticism without any logic behind your arguement, and no alternative proposal.

Corbyn would be proud of you.
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I'm not trying to be a smart arse, I just think it's a bad idea. The logic is that the Stadium is £80m worth of the club's prime assets and I don't think we should be pawning any percentage of it off to fund some venture that could quite conceivably generate the square root of fuck all in terms of funding for the club.

Why should I offer an alternative? Would an alternative make it any less of a bad idea? Nor would it bollocks.

And what happened to "funds will be available when the time comes"? Or the rhetoric on here that Juan will be able to front up the cash when needs be? Why are we now talking about refinancing the ground? Sorry but it just doesn't sit well with me.

But as I say, I was gannin' off the OP. It's there to comment on, so I did.
 
chriswallace85 said:
I'm not trying to be a smart arse, I just think it's a bad idea. The logic is that the Stadium is £80m worth of the club's prime assets and I don't think we should be pawning any percentage of it off to fund some venture that could quite conceivably generate the square root of fuck all in terms of funding for the club.

Why should I offer an alternative? Would an alternative make it any less of a bad idea? Nor would it bollocks.

And what happened to "funds will be available when the time comes"? Or the rhetoric on here that Juan will be able to front up the cash when needs be? Why are we now talking about refinancing the ground? Sorry but it just doesn't sit well with me.

But as I say, I was gannin' off the OP. It's there to comment on, so I did.
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he said juan will be there to fund things..but the more ideas he can think of the better..the stadium includes black cat house and the aoiol right? and they are already mortgaged...you didnt complian when they were mortgaged?
 
chriswallace85 said:
I'm not trying to be a smart arse, I just think it's a bad idea. The logic is that the Stadium is £80m worth of the club's prime assets and I don't think we should be pawning any percentage of it off to fund some venture that could quite conceivably generate the square root of fuck all in terms of funding for the club.

Why should I offer an alternative? Would an alternative make it any less of a bad idea? Nor would it bollocks.

And what happened to "funds will be available when the time comes"? Or the rhetoric on here that Juan will be able to front up the cash when needs be? Why are we now talking about refinancing the ground? Sorry but it just doesn't sit well with me.

But as I say, I was gannin' off the OP. It's there to comment on, so I did.
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Fair enough. That’s your opinion and I respect it.

But if I owned an asset that valuable that was only used once a fortnight, and at the same time I was trying to generate cash for wages, I’d be looking at options as well.
 
kildaremackem said:
he said juan will be there to fund things..but the more ideas he can think of the better..the stadium includes black cat house and the aoiol right? and they are already mortgaged...you didnt complian when they were mortgaged?
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I agree - I just don't like this one.


I could be wrong, but Black Cat House and the AoL are separate. Nee idea if they're mortgaged or not. As far as I was aware Short's remaining interests in the club are secured against the two. If somebody can tell me that's categorically wrong, then ok. The Stadium though is the jewel in the crown, and is 100% the club's asset. It's by far the most important of the three. I don't like the idea of mortgaging it away.
 
I’ve never understood how football clubs can count their grounds as real fixed assets continually valued upwards.

As far as I can see it has no resale value to anyone other than someone wanting to flatten it and use the land for something else. If SAFC did not play there who else possibly could?
 
Although I'm not 100% behind the idea, any extra income would be beneficial - for those saying Juan will be putting in the money, how will this sit with fair play rules? We need extra income as unfortunately we don't generate enough for where we want to be.
 
kildaremackem said:
he said juan will be there to fund things..but the more ideas he can think of the better..the stadium includes black cat house and the aoiol right? and they are already mortgaged...you didnt complian when they were mortgaged?
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There are securities against those two to ensure Short gets what he is owed. Which, in itself, isn't ideal.

A bit different to lending against the ground for a pie in the sky business venture.
 
Ale taster said:
That's not his idea and you know it :lol:
Listen to the podcast man !
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It's taken friggin' ages but I've finally gotten to the snippet we're talking about. Fair play he's using his imagination a bit but I think even he'd admit at those numbers it's a bit fanciful. Pie in the sky really. To answer your question in the OP (didn't realise it was you when I first replied to this post) yeah it would expose the ground to some risk, and I'd be very wary of that.

I've gotta admit he talks a good game like.

Ale taster said:
The OP didn't say that either and you know it ;)
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:lol: See above.
 
chriswallace85 said:
It's taken friggin' ages but I've finally gotten to the snippet we're talking about. Fair play he's using his imagination a bit but I think even he'd admit at those numbers it's a bit fanciful. Pie in the sky really. To answer your question in the OP (didn't realise it was you when I first replied to this post) yeah it would expose the ground to some risk, and I'd be very wary of that.

I've gotta admit he talks a good game like.


:lol: See above.
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Pleased you've listened to it and I agree, the figures are fanciful but he has a point about making our assets work for us. It's sensible in my opinion but by God it needs safeguards.
 
I encourage the owners to look at all avenues and I fully support some like the club shop and ticket office merging, summer concerts, and other uses for the ground and facilities.

I can’t stress strong enough though I hate this idea of any type of remortgaging of the stadium.

The big worry would be what if Donald and co went bankrupt and the banks or asset strippers took over, id just rather avoid this altogether.

Donald did say if he feels they get to a stage where they have took the club as far as they can then they will pass it on.

If they got to the stage where they don’t feel they can go further before taking out finance on the stadium, then I would suggest that is the time they need to pass the club on.

With hindsight I wish Bob Murray had put some provisions in that this was not allowed to even be considered.
 
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