This is not as daft as it might sound lads.
Take a figure of £200m to get a great stadium. Leased to Eberton, but owned by the fans.
No one needs to stump up any cash.
A pension fund worth £20k is, in pension terms, pretty worthless. Like £1000 per year in income.
10000 of them gets you £200m. So we try and get £200m of pension funds together to buy and own the stadium. The investment return would be mince, but the upside to the club is massive.
No building costs for any new investor, security to the club, a degree of fan ownership kind of.
And I know what I am talking about with pensions.
Take a figure of £200m to get a great stadium. Leased to Eberton, but owned by the fans.
No one needs to stump up any cash.
A pension fund worth £20k is, in pension terms, pretty worthless. Like £1000 per year in income.
10000 of them gets you £200m. So we try and get £200m of pension funds together to buy and own the stadium. The investment return would be mince, but the upside to the club is massive.
No building costs for any new investor, security to the club, a degree of fan ownership kind of.
And I know what I am talking about with pensions.