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New Stadium Approved


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#5341 OFFLINE   boboisared

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Posted Yesterday, 10:03 AM

A bank loan.


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#5342 OFFLINE   BWG

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Posted Yesterday, 10:11 AM

A bank loan.

 

What!?  Dinna be ridiculous.


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#5343 OFFLINE   boboisared

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Posted Yesterday, 10:35 AM

What!?  Dinna be ridiculous.

:hysterical: :hysterical:

 

It's hardly rocket science though, is it? What do the majority of folk do when they buy a new home? Sell existing property and get a mortgage from the bank.

 

Might look in to naming rights going forward.


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#5344 OFFLINE   minijc

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Posted Yesterday, 11:27 AM

Yes lets get wads o bank loans like we did years ago, that helped bring success to the club.


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A sad sad post-teen


#5345 OFFLINE   CityCentre

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Posted Yesterday, 11:35 AM

Yes lets get wads o bank loans like we did years ago, that helped bring success to the club.

 

How do you think any team in the world pays for a stadium that costs vastly more than their yearly turnover?


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#5346 OFFLINE   S2RDS

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Posted Yesterday, 11:36 AM

Yes lets get wads o bank loans like we did years ago, that helped bring success to the club.

As long as we are making the payments then i dont really see the issue. Same as any other bank loan or mortgage surely? 


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#5347 OFFLINE   TheRock

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Posted Yesterday, 11:39 AM

Nothing wrong with going in to debt to grow a business, in theory. It didn't really work out for us previously so you can understand why some some fans might be apprehensive about it after only just getting out of debt.

Edited by TheRock, Yesterday, 11:39 AM.

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#5348 OFFLINE   Captain Caveman

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Posted Yesterday, 11:44 AM

Money don't make my world go 'round
I'm reaching up for the higher ground

Stevie Winwood
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Support real fitba not the EPL

#5349 OFFLINE   boboisared

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Posted Yesterday, 11:47 AM

As long as we are making the payments then i dont really see the issue. Same as any other bank loan or mortgage surely? 

Remember the loon still pays board money.


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Folk Dayts is intolerant of

  • ​Polish accordionists
  • Pro Independence folk
  • Folk trying to make other folk aware of cancer
  • Those God damn Arabs
  • Joggers who don't wear jeans
  • Shoplifters
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#5350 OFFLINE   boboisared

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Posted Yesterday, 11:48 AM

Yes lets get wads o bank loans like we did years ago, that helped bring success to the club.

No-one suggested wads of bank loans.


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:roids: The Official AFC-Chat 'Lay Off The Roids' Club - In conjunction with Tup's Corner   :roids:

  • Peterheid Loon - Review never
  • Sheepish Kev - Review once he has his dream of Rangers being back in the top flight of Scottish football.
  • Tyrant - Review once he superglues a dildo to someone's car bonnet.
  • Tup - Once he apologises to Brian from Bergen for his reaction to him offering genuine advice ahead of his big date.

 

 

Folk Dayts is intolerant of

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  • Pro Independence folk
  • Folk trying to make other folk aware of cancer
  • Those God damn Arabs
  • Joggers who don't wear jeans
  • Shoplifters
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#5351 OFFLINE   DelMonte

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Posted Yesterday, 11:55 AM

I can't believe the same people are asking the same stupid questions :laughing:
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#5352 OFFLINE   KenDodd'sDad

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Posted Yesterday, 12:04 PM

Getting in debt for a long term capital investment is very different to getting in debt to finance wages and fees for the likes of Bernard or Solberg.


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#5353 OFFLINE   BWG

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Posted Yesterday, 12:08 PM

I can't believe the same people are asking the same stupid questions :laughing:

 

bUt WhAt AbOuT tHe ShUttLe BuSSeS?


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#5354 OFFLINE   maryhilldon

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Posted Yesterday, 12:18 PM

Are the geese dead yet?
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#5355 OFFLINE   reekie_dock

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Posted Yesterday, 12:38 PM

Remember the loon still pays board money.


He’s a tenth dan in monopoly though...
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#5356 OFFLINE   pocrawred

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Posted Yesterday, 01:29 PM

Yes lets get wads o bank loans like we did years ago, that helped bring success to the club.


The hun bastards dee it!
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#5357 OFFLINE   BWG

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Posted Yesterday, 01:30 PM

The hun bastards dee it!

 

Template for success.

 

#GoingFor55


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#5358 OFFLINE   CityCentre

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Posted Yesterday, 01:50 PM

I don't understand why some people find it so difficult to understand how stadiums are financed. Just think of buying a house with a mortgage, it is really quite simple.


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#5359 OFFLINE   V for Vendetta

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Posted Yesterday, 04:43 PM

bUt WhAt AbOuT tHe ShUttLe BuSSeS?


Have we even bought them yet?

Wheres the money coming from to buy 40 buses?

Fuck sake
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#5360 OFFLINE   Don Shula

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Posted Yesterday, 06:26 PM

I don't understand why some people find it so difficult to understand how stadiums are financed. Just think of buying a house with a mortgage, it is really quite simple.

 

The key point you are missing is that we exist in Scottish football. You maybe missed it but banks are no longer lending to Scottish football clubs as there have been too many fingers burnt in the past (Motherwell, rangers, Dundee, Hearts etc etc including our good selves where the Bank of Scotland wrote off £10M in a non recoverable debt). I guarantee that we won't get a bank loan of more than about £5M out of the £50M we need (most likely secured on future naming rights income stream to protect the bank).

 

You compare it to a mortgage on a house but it is utterly different. The bank lends you maybe 75-80% of the value of the house as they know that there is a very high probability they will get their money back if you default on the mortgage and they have to sell your house. If the bank lends us say £25M of the £50M we need and we default on our loan how exactly do you think they will get their money back? Who are they going to sell a second hand football stadium too? The only answer is whatever reincarnation of AFC then comes after the current AFC and they will offer pennies in the pound to buy the stadium as they will be the only buyer (remember the land has no planning consent for housing nor is it likely to get any so knocking down the stadium and selling off the land for housing won't work for the bank).

 

The stadium will only be built if current and new shareholders put up something like £25m-£30M of new cash from a share issue. Who knows if that will happen, probably only Dave Cormack and friends.


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#5361 OFFLINE   NEM

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Posted Yesterday, 08:42 PM


The stadium will only be built if current and new shareholders put up something like £25m-£30M of new cash from a share issue. Who knows if that will happen, probably only Dave Cormack and friends.


Hopefully not
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#5362 OFFLINE   V for Vendetta

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Posted Yesterday, 09:34 PM

The key point you are missing is that we exist in Scottish football. You maybe missed it but banks are no longer lending to Scottish football clubs as there have been too many fingers burnt in the past (Motherwell, rangers, Dundee, Hearts etc etc including our good selves where the Bank of Scotland wrote off £10M in a non recoverable debt). I guarantee that we won't get a bank loan of more than about £5M out of the £50M we need (most likely secured on future naming rights income stream to protect the bank).

You compare it to a mortgage on a house but it is utterly different. The bank lends you maybe 75-80% of the value of the house as they know that there is a very high probability they will get their money back if you default on the mortgage and they have to sell your house. If the bank lends us say £25M of the £50M we need and we default on our loan how exactly do you think they will get their money back? Who are they going to sell a second hand football stadium too? The only answer is whatever reincarnation of AFC then comes after the current AFC and they will offer pennies in the pound to buy the stadium as they will be the only buyer (remember the land has no planning consent for housing nor is it likely to get any so knocking down the stadium and selling off the land for housing won't work for the bank).

The stadium will only be built if current and new shareholders put up something like £25m-£30M of new cash from a share issue. Who knows if that will happen, probably only Dave Cormack and friends.

Don't think this is really the case.

Banks aren't lending money to be thrown away on transfer fees and wages but I think a new stadium project would get their backing as long as there is a sizable chunk of investment going in too.

I'd imagine much more than £5m could be borrowed.

You mention this being secured againat naming rights but why could it not be secured against any other new income streams at the stadium? There should be a good few.

None of this will be easy, we might not manage to pull it off tbh but I don't see the reason for people to be so unnecessarily pessimistic about the prospect.

Edited by V for Vendetta, Yesterday, 09:38 PM.

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#5363 OFFLINE   The Boofon

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Posted Yesterday, 09:54 PM

They’re not going to pull out of building it at this stage FFS.

Come ashore lads. Jesus.
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