Blue Union Board Angst

[Foot Long Hot Dog]

Nonsense. What mortgager seizes your income?

They tend to take the asset and dispose of it. That doesn't quite work for a football stadium.

 

[Foot Long Hot Dog]

When Moshiri breaks any meaningful record at Everton that might become a pointed question.

lol

I'd say delivering a new riverside stadium would trump a season in which we won nothing in terms of our history like

 

[ChesterBlue]

Don't see what the beef is with Mosh, seems to be making pretty positive moves to me

 

[Foot Long Hot Dog]

Don't see what the beef is with Mosh, seems to be making pretty positive moves to me

There isn't a beef amongst any match going Blues that I know. He's made more progress in a year than we managed in the previous decade plus.

 

[davek]

First point, I couldn't care less whether it's 5,10 or 40 years. We will own it and the stadium will be there for generations to come.

The second is just incorrect. We retain control over our finances. We just have to pay the money back, same as any loan/mortgage.

We dont.

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.

 

[davek]

lol

I'd say delivering a new riverside stadium would trump a season in which we won nothing in terms of our history like

We have a riverside stadium?

 

[Amw79]

We dont.

Yes, I've read that. Your definition of "finances", is too narrow in your statement of not having control.

We have lots of other financial revenue streams, not included in the above.

At best you could say we have some reduced control over a proportion of our finances.

But you can in effect, say this with any secured loan.

In theory I have full control over all my finances, and could just not pay my mortgage next month. However the security means the bank will take my house and sell it. Effect is the same.

 

[Azza]

Did Arsenal put the cash up for the Emirates?
Has Levy put his hand is his pocket to pay for the new stadium?
Will Abramovich pay for Chelsea's new stadium in cash?
Did Bayern Munich pay for the Allianz in cash?


No, no, no and no.

 

[ianefc]

Did Arsenal put the cash up for the Emirates?
Has Levy put his hand is his pocket to pay for the new stadium?
Will Abramovich pay for Chelsea's new stadium in cash?
Did Bayern Munich pay for the Allianz in cash?


No, no, no and no.

Chelseas owner is 10X as rich as Moshiri and he's been there 13 years and they're no closer to a new stadium than us. City's owners wouldn't of touched them with a pooey stick if it wasn't for the commonwealth games stadium.

I've asked this a few times and none of the critics have even attempted an answer, but who (if anyone) has purchased a club in one stadium and then purchased them a new stadium elsewhere?

 

[ianefc]

We dont.

You think we won't find £14.4m per season?

 

[Durham Toffee]

I won't even begin to understand the politics going on here...

 

[roydo]

Chelseas owner is 10X as rich as Moshiri and he's been there 13 years and they're no closer to a new stadium than us. City's owners wouldn't of touched them with a pooey stick if it wasn't for the commonwealth games stadium.

I've asked this a few times and none of the critics have even attempted an answer, but who (if anyone) has purchased a club in one stadium and then purchased them a new stadium elsewhere?

I reckon that happened to Doncaster.

Didnt work out quite how they intended iirc.

 

[zzr45]

Dave pull your pants from round your ankles mate. Ta.

 

[ChesterBlue]

There isn't a beef amongst any match going Blues that I know. He's made more progress in a year than we managed in the previous decade plus.

Agreed, much as I respect Bill keeping the club afloat I think Moshiri has shown us a much brighter future is possible!

 

[Thuck ma Baws]

Great job diverting this thread away from the BU to be fair.