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£97 million WHAT
- Thread starter Dave the OAP
- Start date
Billy the Fish
Technocrat
He must've proved to someone that he can afford it, otherwise he's pulled the biggest fast one of all time
Whitterz
Mmmmm? Marvellous
Its been suggested he is worth considerably more than £100m. But if he's just pissed
£90m on a new stadium, then my calculations come to the conlclusion that he is....
a. f***ing RICH
£90m on a new stadium, then my calculations come to the conlclusion that he is....
a. f***ing RICH
Silent Bob
( ͡° ͜ʖ ͡°)
- Dec 6, 2004
- 22,172
The grants we know about only add up to about £8m or something though don't they?
The new roads aren't being paid by us.
Also mentioned is the conversion of loans totalling £18 to shares. Surely he hasn't bankrolled this amount to just keep us going, therefore I would think a large amount is there already for the build and perhaps for stability of finances and transfer funds. The other good thing is now the stadium will be fully owned by the club (as such).
Bombadier Botty
Complete Twaddle
- Jun 2, 2008
- 3,258
Fug me £97 mill for a poxy 21k capacity stadium!!! We should be getting a San Siro or Nou Camp for that money!
looney
Banned
- Jul 7, 2003
- 15,652
Thats a big leap in costs.
Either someone has screwed up the costings and shouldn't really be involved with the clubs finances or someone will be syphonning of their cut.
Would like to have a look at the books. Its the 83 final again, someones gonna be lining their pockets.
Either someone has screwed up the costings and shouldn't really be involved with the clubs finances or someone will be syphonning of their cut.
Would like to have a look at the books. Its the 83 final again, someones gonna be lining their pockets.
RexCathedra
Aurea Mediocritas
Either of those today would cost you upwards of £400 million. The £90 million number is big, but not crazy big.
Philadelphia's new soccer-only stadium is a ~$115 million item.
Never mind Bloom's funding, Granny's question still hasn't been answered -why have the stadium costs risen by so much. We're in a time of low (or near zero) inflation, high unemployment (which should bring down labour costs) and low interest rates (very low with Bloom's contribution. So, why the costs nearly doubled? Nothing in the Argus article explains it; it seems counter-intuitive to me.
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
If it has gone up to 97 million then whoever did the original and recently updated costings should be sacked or moved to another job where they will be less of a liabilty, like tea making and the post. In today's climate shouldn't the costs be at least static or even going down?
blockhseagull
Well-known member
Is it possible that because the club is now pretty much owned by one man and not the community club that we have had to buy the land from the council rather than them lease it ?
Will we ever pay Bloom back ? i Would suggest not seeing as the club have gone public with the fact that if we dont then Bloom will own over 90% of the club
Will we ever pay Bloom back ? i Would suggest not seeing as the club have gone public with the fact that if we dont then Bloom will own over 90% of the club
So Bloom hasn't got this money from the banks, this is actually his own money?
Surely not.
Dick Knights Mumm
Take me Home Falmer Road
f*** the stadium. Let's go and get Kaka.
sten_super
Brain Surgeon
Inflation is measured by looking at the spending of a household; so is adversely affected by mortgage payments and (to a degree) falls in wages. Construction materials do not feature highly on most household bills, and in many cases these have actually risen in cost.
I don't know the answer, just a suposition.
Billy the Fish
Technocrat
Number 1 is a possibility I suppose, but until the club make another statment all of this is speculation.
The way the loan looks to me, is that it will be treated the same way as a bank loan with repayments going back to Tony over the next 15 years, only without the interest which would've been shitloads.
I could be worng though.
throbinson
Well-known member
Who cares how much it costs, it going to be built and we wont be paying sky high interest, which will mean more money for players
Billy the Fish
Technocrat
Another thing is that they must've known about this for AGES. Didn't we have to prove to the council that we had funding before they would let us take ownership of the site. That was, correct me if I'm wrong, in October.
sten_super
Brain Surgeon
One question, for those bods or those in-the-know.
As I understood it, a seperate holding company was going to own the stadium, rather than the football club directly. I'm not clear on the previous funding arrangements (i.e. whether funds were going direct to that company or through the football club, which has more collateral), but does anyone know if this is still the case? From the sound of it, Bloom is giving these loans to the football club, rather than the holding company, and can convert them into shares in the football club, again rather than the holding company.
As I understood it, a seperate holding company was going to own the stadium, rather than the football club directly. I'm not clear on the previous funding arrangements (i.e. whether funds were going direct to that company or through the football club, which has more collateral), but does anyone know if this is still the case? From the sound of it, Bloom is giving these loans to the football club, rather than the holding company, and can convert them into shares in the football club, again rather than the holding company.