Bramley Moore Dock Update

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We were about 6 months into our actual build when we secured financing btw so it doesn't have to be a holdup. We took out an initial £200m loan just to get the build started and then when we finally got the actual full financing in place we just rolled that into it so it all became one big thing.
 
In reality, EFC had to report when the lease had been agreed. They can't get funding without the lease, they can't get planning permission with nothing to build on. The fact that the lease is conditional on funding and planning is a good thing, why would the club want a tract of land they can't build on and if the funds don't materialise, that they can't build on. They have already been advised that the council are minded to grant permission, but until it is signed it is a risk.

In practice we already know that the funds are guaranteed by the council (underwritten) so in effect finding investors should not be that tough - especially as it is part of a multi-billion development.

But hey, don't let practical stuff interfere with your inferences. Still, its just the same as King's Dock, Kirkby etc, no progress at all (except a lease in place) and we dare not consider that it might come true.
 
Jack1882 said:
We were about 6 months into our actual build when we secured financing btw so it doesn't have to be a holdup. We took out an initial £200m loan just to get the build started and then when we finally got the actual full financing in place we just rolled that into it so it all became one big thing.
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Yeah, but your run by a fella who knows what he's doing.
We're throwing £20m compo packages about for Watfords gaffer, you can see why we are a tad cynical.
 

Jack1882 said:
We were about 6 months into our actual build when we secured financing btw so it doesn't have to be a holdup. We took out an initial £200m loan just to get the build started and then when we finally got the actual full financing in place we just rolled that into it so it all became one big thing.
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Please don’t say sensible things on here mate, it’s against the rules!
 
Jack1882 said:
We were about 6 months into our actual build when we secured financing btw so it doesn't have to be a holdup. We took out an initial £200m loan just to get the build started and then when we finally got the actual full financing in place we just rolled that into it so it all became one big thing.
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We've already been turned down by Wonga though.
 

Jack1882 said:
We were about 6 months into our actual build when we secured financing btw so it doesn't have to be a holdup. We took out an initial £200m loan just to get the build started and then when we finally got the actual full financing in place we just rolled that into it so it all became one big thing.
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Is it right there was a crane shortage and Spurs bought theirs outright for the stadium build, so leased them out to make some money?

Or have I made that up?
 
Bullet said:
We had hoped to apply for planning before year end. Now we hope to do so in the new year but we presumeably first have to finalise the funding agreement with the Council, then raise a committment of hundreds of millions in funding from investors while the team are struggling and then the architect has to prepare the highly detailed submissions required for the planning application.
Impossible to see any planning application being submitted before next summer and maybe not in 2018 and that's even if things go well. It's way behind schedule but positive we've acquired the land for a nominal rent when we were supposed to be paying £20m+ for it. Not sure why Peel would agree. Must be something that's not in the public domain.
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I think you’ll find we have paid the £20M for the dock, on leasehold with a peppercorn rent......
 

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