redone Posted July 16, 2019 Share Posted July 16, 2019 They stumping up the £60 million ? Where’s the money coming from ?Sale of PittodrieMiscellaneous commercial deals eg sponsorship re naming rights , long-term booking of corporate hospitalitySale of Scott McKennaRyan Fraser sell-on clause errrm..... Quiz Night ? 1 Link to comment
RUL Posted July 16, 2019 Share Posted July 16, 2019 Sale of PittodrieMiscellaneous commercial deals eg sponsorship re naming rights , long-term booking of corporate hospitalitySale of Scott McKennaRyan Fraser sell-on clause errrm..... Quiz Night ?Share issue Link to comment
redone Posted July 16, 2019 Share Posted July 16, 2019 Share issueOh aye, share issue. How could I forget the good old share issue? Link to comment
BWG Posted July 16, 2019 Share Posted July 16, 2019 A bank loan. What!? Dinna be ridiculous. Link to comment
boboisared Posted July 16, 2019 Author Share Posted July 16, 2019 What!? Dinna be ridiculous. :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. Link to comment
minijc Posted July 16, 2019 Share Posted July 16, 2019 Yes lets get wads o bank loans like we did years ago, that helped bring success to the club. 2 1 Link to comment
CityCentre Posted July 16, 2019 Share Posted July 16, 2019 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? Link to comment
S2RDS Posted July 16, 2019 Share Posted July 16, 2019 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? Link to comment
TheRock Posted July 16, 2019 Share Posted July 16, 2019 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. Link to comment
boboisared Posted July 16, 2019 Author Share Posted July 16, 2019 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. 3 Link to comment
boboisared Posted July 16, 2019 Author Share Posted July 16, 2019 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. Link to comment
DelMonte Posted July 16, 2019 Share Posted July 16, 2019 I can't believe the same people are asking the same stupid questions 3 Link to comment
KenDodd'sDad Posted July 16, 2019 Share Posted July 16, 2019 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. 2 1 Link to comment
BWG Posted July 16, 2019 Share Posted July 16, 2019 I can't believe the same people are asking the same stupid questions bUt WhAt AbOuT tHe ShUttLe BuSSeS? Link to comment
reekie_dock Posted July 16, 2019 Share Posted July 16, 2019 Remember the loon still pays board money.He’s a tenth dan in monopoly though... Link to comment
pocrawred Posted July 16, 2019 Share Posted July 16, 2019 Yes lets get wads o bank loans like we did years ago, that helped bring success to the club.The hun bastards dee it! Link to comment
BWG Posted July 16, 2019 Share Posted July 16, 2019 The hun bastards dee it! Template for success. #GoingFor55 Link to comment
CityCentre Posted July 16, 2019 Share Posted July 16, 2019 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. 1 Link to comment
V for Vendetta Posted July 16, 2019 Share Posted July 16, 2019 bUt WhAt AbOuT tHe ShUttLe BuSSeS?Have we even bought them yet? Wheres the money coming from to buy 40 buses? Fuck sake Link to comment
Don Shula Posted July 16, 2019 Share Posted July 16, 2019 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. 2 Link to comment
NEM Posted July 16, 2019 Share Posted July 16, 2019 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 2 Link to comment
V for Vendetta Posted July 16, 2019 Share Posted July 16, 2019 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. 2 Link to comment
The Boofon Posted July 16, 2019 Share Posted July 16, 2019 They’re not going to pull out of building it at this stage FFS. Come ashore lads. Jesus. 3 Link to comment
Chewie37 Posted July 17, 2019 Share Posted July 17, 2019 Sale of PittodrieMiscellaneous commercial deals eg sponsorship re naming rights , long-term booking of corporate hospitalitySale of Scott McKennaRyan Fraser sell-on clauseerrrm.....Quiz Night ?Sales of Funso shirts Link to comment
Andy_123 Posted July 17, 2019 Share Posted July 17, 2019 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.How can you guarantee the club will only get £5m from the bank? You don’t have a clue what the club will need or will get from the bank. I’m really don’t understand why people still talk as though the new stadium still might not happen. 2 Link to comment
Betty Swallicks Posted July 17, 2019 Share Posted July 17, 2019 As long as we are making the payments then i dont really see the issue. Same as any other bank loan or mortgage surely? I buy better cars and go on better holidays now I'm mortgage/loan free. Stadiums = hooses.Players = cars/hols. Link to comment
boboisared Posted July 17, 2019 Author Share Posted July 17, 2019 Of course they are, you can’t build a stadium without money to do so.Well you seemed to think you could announce a signing without having him signed. 1 Link to comment
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now