KENWRIGHT HAS TO GO.

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Neiler said:
Two words - credit crunch!

The key word now is consolidation and keeping your money however small it may be in the bank ( ha ha but choose wisely). I beleive that football as an economy, is heading for a rude readjustment, which i beleive will be evident in the Jan and summer windows, also the next round of Tv rights deals should be significantly lower then previous years which means clubs may be earning less then they currently are now, another good reason why perhaps we have been and are keeping our powder dry on the transfer front. Its very likely the case that the gravey train is over lads.

A Second point i would like to add, is that the of clubs majority of clubs that have been taken over in recent years much of their new found wealth was a flash in the pan, what success has it really yeilded in terms of consistent growth or elevateing clubs in question to echalance of world football that their new owners promised for every Aston Villa and Chelsea theres a Newcastle, West Ham, City and Pompey . Maybe just maybe the grass isnt always greener, or perhaps its important to be considered in terms of who you sell your club to aka Kenwright doesnt want to sell.

I firmly hope Kenwright doesnt go anywhere for a couple of years untill the football economy which i beleive is about to expierence a rude adjustment settles. If we get out of it with a new stadium all the better. Its prudent presently not to spend much on players with a new round of a tv rights deal to be negotiated it could be hugely detreimental to organise deals on the structure of a projected income that may not be there in six months time, and a wait and see approach is certainly advisable in terms of the clubs long term future.

If only we had some good young talent ready to burst into the first team in the next season or two! Ha ha hang on!

Thanks Bill your still the man, unfortunatly many of our fans choose to react to situations rather then respond appropriately, im glad our chairman does.
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You really make me cringe, honestly.

Just take your blue tinted glasses off for one [Poor language removed] second and realise what a complete and utter mess we are in.
 

Neiler said:
Its the simple principal of borrowing and repayment payment mate, lets face it everyone has a mortage very few people buy there house out right. Its about the risk, the bottom line is the stadium is not going anywhere if we play in it for 200 years with an increased revenue however low you specualte that will be it still proves a prudent investment. In actual fact it would add to the balance sheet of the club as an asset, improve revenue, offer the fans a better match day expierence etc. In short i beleive rightly or wrongly that it makes perfect econmic sense to move. I mean who knows how any loan is structured wheather it needs to be paid back in 10, 20, 30, 40, 60, 80 years time. It would seem like good value then wouldnt it. While at the same time it would probably increase in value on the clubs books. Like Bruce says the choice is either stay where we are and moan about kenwright for the next 15 years or take a calculated risk which i beleive is in our best intrests with the liability not as high as many others.
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The bottom line is that we have to look to the immediate to mid-term future, not some far off day when debt will (apparently) eventually be offset. We can end up in a lot of trouble by loading upwards of £100M debt financing Kirkby on top of our existing debt of £68M if we dont hit the ground running at Kirkby as far as revenue is concerned. For example, were paying back £1.6M p.a. on the first securitisation deal Bill Kenwright got Bear Stearns to organise back in 2002 (terms: a £30m loan paid back over 25 years at 7.7% interest). My understanding is that the recent £30M loan from Prudential has been added to that so we are going to have to pay back each year a [Poor language removed] load of interest even before we pile on top the massive extra debt we'll run up with the loans required for Kirkby (little wonder the club wont release info on this as it would frighten the [Poor language removed] life out of any sane person). So, imagine we have a rough time (not unlikely) and fail to make these repayments (and in a period now when the banks are not exactly open to letting debts run on and on without calling them in)?!!! We stand to find ourselves facing the abyss.

Much better to prudently re-build our own ground piecemeal as and when we are bringing in cash. If we do have extra capacity to come (and personally I doubt it at the moment) then a cheap option would be to build onto the Park End and take us up to around 48,000. If we rake in from that we can - financial climate and demand permitting - think of other areas of the ground. Any sudden, gamble at this stage of the game could be very costly.
 
Cal said:
You really make me cringe, honestly.

Just take your blue tinted glasses off for one [Poor language removed] second and realise what a complete and utter mess we are in.
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Why mate, many are good at seeing problems and jump straight to action Kenwright out etc, few are good at refecting and analyseing actually what going on. Its a basic problem solving execise expeirence-refection-analyse-action. Thats what the club is doing. Im all for it.

Here your problem solving approach

Lack of Funds = Kenwright out.
Moving to Kirkby = No Way.
Increase in Prices = No thanks.

In fact your reaction to everything will leave the club exactly where it is threading water.

Your solution to everything = Lets get a billionaire investor, Kenwright wont sell.

Im not having a go mate, because i respect some of your opinons, and we are all hoping for the same thing, but seriously the issue is more complicated then Kenwright out and as such refelction and analyse is key, a big no to everything, and saying everything is [Poor language removed] and wishing for a billionaire has you on a footballing thought process equivelent of a hamsters wheel.
 
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