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Freemo

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MuddyWaters
February 6, 2019, 9:27pm
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Quoted from Madeleymariner
The problem is, if we only rent this stadium re football, where does the clubs additional revenue come from as surely other events would be run by the council/specially created local quango.


Depends on what arrangements are made. Rotherham Council use New York stadium on a corporate basis thereby reducing costs for the football club, I’m sure I’ve heard that Colchester have a similar arrangement. I’m sure the council would have a business plan in place.
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Rob_in_Grimsby
February 6, 2019, 9:42pm
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Quoted from MuddyWaters


That’s about it.


what about the £700k plus  he paid back to Huxford when he called his directors loans in and 500k he paid the bank for the overdraft Huxford had run up and also called in.

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KingstonMariner
February 6, 2019, 9:56pm
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Quoted from Roast Em Bobby
Jeez, none of even know what the financial proposition is, so a bit early to be knocking JF. Would you be saying the same if the rent was going to cripple the club going forward?


And we don't know the financial proposition for PP either. I even asked Fenty on here the other year and he didn't answer.

So if we've got got two uncounted, unfinanced pie in the sky schemes, give me the one with a bigger emotional impact and regeneration potential than concreting over greenbelt any day.


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For in our hearts the dreams are still the same.
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KingstonMariner
February 6, 2019, 10:04pm
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Quoted from Brazilnut
I want freemo ......but what if the condition of signing up for the council/ freemen building the stadium is town sign over Blundell park .......then the new stadium doesn't happen and we end up renting BP  .......that would only end in demise ......... and as for the question if we rent new stadium where does additional income come from ......... where really of any great consequence does additional income come from BP


All of that should be considered by any competent board, who would make sure that in the negotiations we weren't put at risk like that. Oh, wait a minute.....


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KingstonMariner
February 6, 2019, 10:06pm
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Quoted from Rob_in_Grimsby


what about the £700k plus  he paid back to Huxford when he called his directors loans in and 500k he paid the bank for the overdraft Huxford had run up and also called in.



So that's £1.2m Rob. Where did the rest of the losses come in that the loans covered?


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MuddyWaters
February 6, 2019, 10:07pm
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Quoted from Rob_in_Grimsby


what about the £700k plus  he paid back to Huxford when he called his directors loans in and 500k he paid the bank for the overdraft Huxford had run up and also called in.



To avoid the to and fro, let's forget 6 non-league years that cost at least 500k a year?
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wigworld
February 6, 2019, 10:11pm

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Isn't this what Hull City do? Why would it only end in demise?

Quoted from Brazilnut
I want freemo ......but what if the condition of signing up for the council/ freemen building the stadium is town sign over Blundell park .......then the new stadium doesn't happen and we end up renting BP  .......that would only end in demise ......... and as for the question if we rent new stadium where does additional income come from ......... where really of any great consequence does additional income come from BP


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KingstonMariner
February 6, 2019, 10:13pm
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I suppose one other thing to note is that the Freemen aren't in it for charity. As freeholders, it's in their interests for that part of town to be regenerated. Their forefathers established through law in the early 19th century that they, as a corporate body (and everyone one of them is effectively a shareholder in that body) owned the common land in GY on which Freeman St and surrounding streets were built.


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Rob_in_Grimsby
February 6, 2019, 10:13pm
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Quoted from MuddyWaters


To avoid the to and fro, let's forget 6 non-league years that cost at least 500k a year?


why did it cost the club 500k as the player budget would have been more if we had stayed in L2 which would have taken most or all the 500k a year. the Club made more money in the conference than it ever would have staying in L2, Dont get me wrong it was the worst 6 years football wise the club and fans have ever seen but financially it was not the worst time in the clubs history.
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Rob_in_Grimsby
February 6, 2019, 10:16pm
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Quoted from KingstonMariner


So that's £1.2m Rob. Where did the rest of the losses come in that the loans covered?


not sure tbh but i suspect topping up player budgets whilst paying off the tax dept, Costs for studies in to Great Coats move that fell apart and paying off managers and players over the years, maybe a good question to ask at the trust meeting
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