I would say EFC can easily do with a 60-65,000 - expansion built into the design. The funding? How long is a piece of string. What it takes - it has to be worked out. An Arsenal fan 5 years would have said "what pay back £18m a year!!!". In few months time the whole loan will be paid back.
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I would have to agree, i think we have capacity for a 60.000 stadium, i wouldnt mind a 55.000 seat with a plan for expansion to be honest. I think we are all feeling our way in the dark here a little, basicly it will come down to financial viability. I would be inclined to borrow for a new ground as its vital to the future of the club and wheather we remain a competitive club or drop in our traditional standing.
When speaking about the difference in London clubs, i think its a well established fact that they charge significantly more for there games, i imagine this to be true of corporate facilites as well and have a demographic of 20 mill to draw upon, also existing transport links.
Im thinking with a 55.000 thousand seater stadium in Kirkby the projected mark up on our existing home was 5 mill per annum. With that in mind would a different site even in the boundires yeild as increase on that projection?? 5 mill for 10 years - 50 mill, i would think that would be a quater or a third of the cost thus looking at a repayment period of 30 years. May be worthwhile if it improves the clubs infrastructure. But if that profit goes into paying the borrowed debt, then there would be little yeild to improve the team etc. Unless we find an enabler and thats exactly where we are.
I know you dont but i think the board is a factor here or rather the shareholders, i think the majority of the baord are looking for a quick turn around on there shareholding and the amount of debt in an asking price will of course be a facto for any perspective buyerr. I cant see them sanctioning a loan of the magnitude required.
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