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promotion plaice |
December 27, 2020, 7:50pm |
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I'm not the brightest when it comes to understanding football/company finances, and this is not a dig at the Shutes consortium, far from it.
I hope JF see's the light and accepts their offer.
If the consortium pays off JF's loans, I take it said loans will then be owed to them and not written off, or will they?
Then there's the question, what's in it financially for JF or the consortium for them both to be so keen to be involved in delivering the new stadium?
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| When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?” |
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140067 |
December 27, 2020, 7:57pm |
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GollyGTFC |
December 27, 2020, 7:58pm |
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Whiskey Drinker
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I'm not the brightest when it comes to understanding football/company finances, and this is not a dig at the Shutes consortium, far from it.
I hope JF see's the light and accepts their offer.
If the consortium pays off JF's loans, I take it said loans will then be owed to them and not written off, or will they?
Then there's the question, what's in it financially for JF or the consortium for them both to be so keen to be involved in delivering the new stadium?
The consortium could loan GTFC the money to pay off Fenty, or they might choose to buy further shares instead so that the club isn't in debt. Re: new stadium. There should be nothing in it personally for either the consortium or Fenty in building a new stadium. But for the club it's a chance to increase both matchday and non-matchday revenue streams which can only be good for GTFC. Shutes & co seem to motivated by rejuvenating a derelict part of the town with the football club at the heart of it. Whatever Fenty's motivation is hardly worth worrying about. He's had nearly 18 years to deliver a new stadium and he's failed miserably. Won't happen on his watch.
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Bigdog |
December 27, 2020, 8:02pm |
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I'm not the brightest when it comes to understanding football/company finances, and this is not a dig at the Shutes consortium, far from it.
I hope JF see's the light and accepts their offer.
If the consortium pays off JF's loans, I take it said loans will then be owed to them and not written off, or will they?
Then there's the question, what's in it financially for JF or the consortium for them both to be so keen to be involved in delivering the new stadium?
According to their statement, the club will be paying the loans off over three years, seemingly underwritten by the consortium. Yet to see the consortium's plans for the short and long term with the club, further share issue for additional investment or director's loans? I think there's still more to see regarding the structure of the takeover party. Whatever it is, it will be better than we have now, that's if they do actually take over.. I'd guess the consortium's plans for the new stadium and wider generation are more legacy based. We'll have to be patient for now to find out..
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HertsGTFC |
December 27, 2020, 8:14pm |
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The club will be paying the loans off over three years, seemingly underwritten by the consortium. Yet to see the consortium's plans for the short and long term with the club, further share issue for additional investment or not. Whatever it is, it will be better than we have now, that's if they do actually take over..
I'd guess the consortium's plans are more legacy based. We'll have to be patient for now to find out..
Agree Bigdog, I’d like to understand how the £500k per season will be generated as you’d assume it would come from the balance sheet each year. I’d also like to think that similar to what Lincoln have done we’d add experience, expertise and investment by adding additional board members and some non exec support in specific areas when required.
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| "Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style |
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moosey_club |
December 27, 2020, 8:26pm |
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I think it's pretty rare in football nowadays that anybody actually pays any bill's.....re-mortgaged, re-financed, etc.... Seems the norm when clubs get taken over.
Wouldn't be surprised if this one is any different.
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| 2023/24 DLWDDWDLLLWDLLLLWDDDWDLLWLDLLDWDDWLLDWLWLWL but not NLN 😁 2022/23LDWDWWDWLLDWWDLLLDLWLLWLWLLWDDLDWWDDDLLWDWLWLW 2021/22 WDWWWWDLWWWWLLLWLLDLWLLWWDWWWLWDLWWDWWWDLWD play offs WWW Promoted 🥳 2020/21 LLDWWLDLDWLWLLLDLWLLDLLDLLLWLLLDDDDWDDDLWLWLWL .. hello darkness my old friend 2019/20 WDLDWWLDLWWLLLDLDLDLDDWWDLLWDDWWL WLLW - ended 2018/19 LWDDLLLLLLWWDWLLLWDWLWWWWLLLLWWWWDLLLDDLLDLWLW Hello Scunny |
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lukeo |
December 28, 2020, 8:11am |
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I assume they have an interest in Gtfc as businessmen because if we get the new stadium the whole area arround it will be built and 'boom' They'll be making ££££££ from the regeneration and then obviously if this helps town improve on the pitch wiith a promotion or two then their shares will be worth more etc. Obviously they're seeing it as a potential money making investment for themselves but if it works who's to complain?
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Ipswin |
December 28, 2020, 8:48am |
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I'd guess the consortium's plans for the new stadium and wider generation are more legacy based. ..
Mad man Holloway wanted to create one of those
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aldi_01 |
December 28, 2020, 9:11am |
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Mad man Holloway wanted to create one of those
But the fact he was a Mad Man suggested it would never get close to fruition...
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| 'the poor and the needy are selfish and greedy'...well done Mozza |
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