Falmer Finance - £20million from one individual

[Giraffe]

I spoke to someone today who is heading up one of the banks trying to gain some of the finance of the new stadium.

He told me that in the clubs presentation to them a few weeks ago, £20million of the £50million that is needed for the stadium will be coming from an "un-named individual".

When they questioned this further, the club's representatives said that the benefactor would be named in the final proposal, and was willing to invest significanty more money into the club in order to get the club into the Premiership in five years.

The club would not confirm whether this benefactor was already an investor, however it did state that the investment in the playing side of the club would commence this summer in order that by the time Falmer was opened the team would be able to challenge at the right end of the Championship. Exciting news if true, and I would say the source is 100% reliable.

The appointment of Micky would also support this as I suspect any future or current investor would have more confidence in the spending of their money in a tried and tested manager than one who is up and coming.

And yes I know I can't spell Falmer in the thread title!! Grrrrrr

 

[Conkers]

When they questioned this further, the club's representatives said that the benefactor would be named in the final proposal, and was willing to invest significanty more money into the club in order to get the club into the Premiership in five years.

I want to get to the Premiership with the use of shrewd signings and hard graft. I don't want some multi-millionaire waltzing in and giving Adams £2 million to buy the best team in the Division.....oh wait, yes I do!
Great news if this indeed turns out to be true, i'm extremely excited about next season already. Might have a punt on us to get promoted before we start signing players

 

[newhaven seagull 85]

watch this space ? could new money of this proportion mean that dick knight steps down?

 

[Napper]

name your source then , f k sake all this source bollocks is shite. Wont make any difference if you reveal it . Hardly gonna be taken to court as Giraffe.
Make it credible , do the right thing

 

[Conkers]

watch this space ? could new money of this proportion mean that dick knight steps down?

It wouldn't surprise me. As much as he has done a great job, I really feel that it's his time to step down as Chairman, although I still think keeping him involved in the club is essential.

 

[Giraffe]

watch this space ? could new money of this proportion mean that dick knight steps down?

DK will not step down until he has walked out at Falmer. However I would expect it to happen very shortly after that.

 

[vulture]

david gold...anyone

 

[Giraffe]

name your source then , f k sake all this source bollocks is shite. Wont make any difference if you reveal it . Hardly gonna be taken to court as Giraffe.
Make it credible , do the right thing

If I name the source, that bank will be shown to have breached the confidence that the club had in them, and that wouldn't look that great would it. Hardly fair when the guy was telling me in confidence (oops I blew it!!!)

 

[Giraffe]

david gold...anyone

They actually asked that question, but got neither a yes or no.

 

[newhaven seagull 85]

DK will not step down until he has walked out at Falmer. However I would expect it to happen very shortly after that.

if someone is putting 20m into the club then DK will not get a choice if the new investor wants to be chairman he will be.

 

[Napper]

If I name the source, that bank will be shown to have breached the confidence that the club had in them, and that wouldn't look that great would it. Hardly fair when the guy was telling me in confidence (oops I blew it!!!)

to name this but nothing else is frankly shite

 

[SeagullEd]

I spoke to someone today who is heading up one of the banks trying to gain some of the finance of the new stadium.

He told me that in the clubs presentation to them a few weeks ago, £20million of the £50million that is needed for the stadium will be coming from an "un-named individual".

When they questioned this further, the club's representatives said that the benefactor would be named in the final proposal, and was willing to invest significanty more money into the club in order to get the club into the Premiership in five years.

The club would not confirm whether this benefactor was already an investor, however it did state that the investment in the playing side of the club would commence this summer in order that by the time Falmer was opened the team would be able to challenge at the right end of the Championship. Exciting news if true, and I would say the source is 100% reliable.

The appointment of Micky would also support this as I suspect any future or current investor would have more confidence in the spending of their money in a tried and tested manager than one who is up and coming.

And yes I know I can't spell Falmer in the thread title!! Grrrrrr

Lost me at this point. Does not sound like something that would be discussed like this. It has a different tone from everything else.

 

[sully]

If I name the source, that bank will be shown to have breached the confidence that the club had in them, and that wouldn't look that great would it. Hardly fair when the guy was telling me in confidence (oops I blew it!!!)

Lets hope they had the same conversation with more than one bank, then, because otherwise they're already aware of that breach without you having to name names!

 

[Giraffe]

Lost me at this point. Does not sound like something that would be discussed like this. It has a different tone from everything else.

It actually formed part of their presentation on the ground, as supporting evidence for their assumption of what the average attendance at Falmer would be, so was very relevant given they are asking for signifcant financing.

 

[Giraffe]

Lets hope they had the same conversation with more than one bank, then, because otherwise they're already aware of that breach without you having to name names!

They have spoken to at least six banks, so I think I am safe!!! It is likely more than one bank will provide the finance which is very common in this kind of deal.

 

[steward 433]

If this turns out to be true i will have a boner for days

 

[Old Greg]

i bet your wife will be happy

 

[clapham_gull]

That's makes a lot of sense now.

 

[steward 433]

i bet your wife will be happy

She is anyway