Why are people taking this 50k number so seriously? I know it's sun tan Bob but in his statement he made mention of fan consultation with regards to final plans.
Make sure you make your feelings know when asked.
Make sure you make your feelings know when asked.
The location we all want .
d4kyxx
Player Valuation: £20m
New owners? If they will finance it then why do we need a loan from elsewhere?
Why can't the owners be a guarantor
Not sure Sun tan bob mentioned it but it's in the council report which is being voted on.
Obviously we won't default on payment, all this is a bit of a mouthful like:
Security Package
The proposed security package comprises:
EFC opening two bank accounts in EFC’s name, but charged in favour of the LCC SPV. The first account (Cash Flow Account) will be used as security for the payment of the rent in the Occupational Lease by EFC. All season ticket revenue, hospitality fees and naming rights income will be credited to this account. EFC are only entitled to access and use the funds once the rent for the forthcoming year has been paid. It is proposed if EFC is relegated from the Premier League and for as long as EFC are not in the Premier League, they will be required to credit a significant sum of the season ticket revenue (excluding hospitality membership fees and naming rights income) to this account. The second account (Rent Deposit Account) will be used as security for performance of EFC’s obligations under the Occupational Lease. EFC will be required to make annual payments to the Rent Deposit Account for the first five years of the term of the lease. All interest which accrues on the deposit remain in the account. If EFC is relegated, then they will be required to top up the Rent Depo
catcherintherye
Player Valuation: £80m
I think you are spot on in that mate. I do wonder if the smoke and daggers is an elaborate way to have a certain Russian involved though?
As an aside, I read Levy was looking for 400 million from naming rights for your new place. Is there any truth in that? Any idea over what time frame?
bazzer25
Player Valuation: £8m
Yes and as the majority owner you presume he risks nothing which is simply not the case. This deal allows the club to continue building on other areas. I think it will prove to be a success in the long term future of the club.
Darth Toffeeman
Player Valuation: £40m
Clearly down to where our finances come from then.
Usmanov's business links with Moshiri are a possibility.
Jay
Player Valuation: £8m
Am i right in this:
- What we currently have is a deal in place to buy the land, no one can buy it apart from us and Peel con not change their mind or drive the price up
- We can (in few months) withdraw from the deal if we changed our mind without paying a penny
- The club will now decide the capacity and design and will consult the fans about them
- Once the design and capacity are agreed, the club will know how much will it cost, the club will then get the money needed and then buy the land and start the constructions
The only thing unclear is that since we don't have a plan yet (design and capacity) we don't know how much will it cost, a 50K stadium will cost something and a 65K stadium will cost much more, so how come they are talking about 300M and how many years and how much we will pay for it?
- What we currently have is a deal in place to buy the land, no one can buy it apart from us and Peel con not change their mind or drive the price up
- We can (in few months) withdraw from the deal if we changed our mind without paying a penny
- The club will now decide the capacity and design and will consult the fans about them
- Once the design and capacity are agreed, the club will know how much will it cost, the club will then get the money needed and then buy the land and start the constructions
The only thing unclear is that since we don't have a plan yet (design and capacity) we don't know how much will it cost, a 50K stadium will cost something and a 65K stadium will cost much more, so how come they are talking about 300M and how many years and how much we will pay for it?
brettangellnightporter
Player Valuation: £5m
This is obv a VERY complex deal and financial package, being manoeuvred into place by a world class expert in Moshiri.
But just sit back and read the "WHY ARENT WE JUST PAYING IT OURSELVES NOW WERE LOADED ARENT WE?".
We couldn't afford 30m for kings dock. Yet they moan at this. It looks like a series of moves to circumvent high interest payments, allow input from a possible outsider (who isn't technically allowed to), and to circumvent ffp by allowing all matchday income to go to players/wages.
But they just wont understand that. BOOOOOO
But just sit back and read the "WHY ARENT WE JUST PAYING IT OURSELVES NOW WERE LOADED ARENT WE?".
We couldn't afford 30m for kings dock. Yet they moan at this. It looks like a series of moves to circumvent high interest payments, allow input from a possible outsider (who isn't technically allowed to), and to circumvent ffp by allowing all matchday income to go to players/wages.
But they just wont understand that. BOOOOOO
Efcjake
All the awards
That's not true. Even Damo knows that we can spend whatever we want on "Infrastructure" without it affecting FFP. Capital losses from investing in non-playing staff related costs don't come into it.
ashwuk76
Player Valuation: £35m
Until we paid them whatever sum is agreed in the contract they whoever finances it would own it.
I honestly think this is smoke and mirrors to have one of moshiris/usmanovs companies to fund it to get around the rules. In gangster terms the council are a front company being used to funnel money through
I always remember the first thing I said to myself when Moshiri came in was "At last, someone with business acumen!"
Frank Gallagher
Player Valuation: £50m
ok mate
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