Club Signs Stadium Contract

[Dave the OAP]

so basically what we are saying is that some people onthis thread think martin Perry, Dick Knight and the board are liars and they have signed a contract with a well known company to build a stadium with no funding in place.

this place just get better and better.

Do you f***ing idiots really believe that the board would sign a contract and get a nationally renound company involved to build a stadium with NO FUNDING IN PLACE

And one of you is a locally known councillor WHO SHOULD KNOW f***ing BETTER
and relax

 

[Insider]

Piss poor report on the Official site, and nothing at all at the Argus.

The documents have been signed, there isn't much more to say than that!

 

[Robot Chicken]

The documents have been signed, there isn't much more to say than that!

Pics?

 

[Napper]

Even if we build the first stage and run out of money ala Bournemouth and Oxford, then I will still rather it than Withdean

 

[Napper]

To be honest I'm not going to call anyone names for being jittery, after what we've been through I think it's perfectly acceptable for us to be insecure about it

But on face value this is very good news.

I suggest we all just chill , after that delay a few months back , everyone here would of taken this news today + many wouldnt of expected it

 

[BigGully]

so basically what we are saying is that some people onthis thread think martin Perry, Dick Knight and the board are liars and they have signed a contract with a well known company to build a stadium with no funding in place.

this place just get better and better.

Do you f***ing idiots really believe that the board would sign a contract and get a nationally renound company involved to build a stadium with NO FUNDING IN PLACE

And one of you is a locally known councillor WHO SHOULD KNOW f***ing BETTER
and relax

dont be so childish ......

I would suspect that all the board members mentioned are working their balls off to get this through but why are you so blinded with reputable big companies.

First I heard that the acclaimed accountants and now the Buckingham group give some kind of kudos to the bid.

Well thats bollocks they are just another arm of big business that will be guaranteed some decent money from the clubs hard work, still making a tidy sum if the stadium fails.

The banks are in it for the long term and these companies that seem to impress you so much will not have any further association with the stadium beyond 2009.

Thats why they are willing to support the project they basically get the money upfront, no longer term risk. Who wouldnt ?

There are no guarantee, I assure you !!

They really are not too critical to the prospect of getting the funds from the banks, of course the accountants will construct a feasible business plan and have counter arguments at the ready for negotiations, but ultimately the banks know their game and will have their own views on whether they beleive they wanna give us any dosh and of course whether we might repay them their money.

As I said before I am just acknowledging the difficulties I am not saying that it won't happen.

 

[steward 433]

Another step along the way. Next Monday start on site getting ready for the start of the work.

 

[m20gull]

dont be so childish ......

I would suspect that all the board members mentioned are working their balls off to get this through but why are you so blinded with reputable big companies.

First I heard that the acclaimed accountants and now the Buckingham group give some kind of kudos to the bid.

Well thats bollocks they are just another arm of big business that will be guaranteed some decent money from the clubs hard work, still making a tidy sum if the stadium fails.

The banks are in it for the long term and these companies that seem to impress you so much will not have any further association with the stadium beyond 2009.

Thats why they are willing to support the project they basically get the money upfront, no longer term risk. Who wouldnt ?

There are no guarantee, I assure you !!

They really are not too critical to the prospect of getting the funds from the banks, of course the accountants will construct a feasible business plan and have counter arguments at the ready for negotiations, but ultimately the banks know their game and will have their own views on whether they beleive they wanna give us any dosh and of course whether we might repay them their money.

As I said before I am just acknowledging the difficulties I am not saying that it won't happen.

I have had real trouble picking out your point from this.

 

[Man of Harveys]

what Dave said. And not what boring BigGully said, as ever

 

[BigGully]

Lets make points taken from this thread, and turn them into some form of sense. Stadium funding is not all in place. It does not need to be. The club have assurances from the lenders that the money will be in place as and when it is needed. This is almost a 3 year project, and aquiring 100% of the required funds at this stage will incur the begininng of interest at the set rate by the lending financial institute(s).
People wondering why ALL the money is not sitting in some secure account, clearly do not grasp how the building of multi million pound projects is masterminded. The money will come when it is required. You can safely rest assured that the Buckingham Group would not have entered into a legally binding contract with the club if there were doubts that funding was still an issue. The club would have needed to show substantial evidence from lenders that the funding was in place when it is required.
Perry is not a fool, he knows exactly how to play the game.

2. The stadium is going ahead, and we should all be thankful to all those involved with securing Brighton and Hove Albion's future. The days of sitting in the piss wet rain in a converted athletics track are numbered. If the news today is still doubting some fans of it's credibility, then you need to go and sit down and ask yourself some serious questions.
The signing of that contract to build the stadium at Falmer is the biggest breakthrough in the last 8 years.
All we have to do now, is sit back and wait, and look forward to the day when we will all take our first look at the finished article.

That will be a day well worth waiting for, and one never to forget.

What world do you live in

This is a multi million pound project, maybe the biggest Sussex has seen in recent history, well for most of us it is !!

Do you really believe that these are run on a nod and a wink

There are in depth legal contracts that allow these project to start and finish, they might be already in place, but I havent heard.

You do NOT lend millions of pounds to a client on the premise that they have 'assurances' from maybe another lender, it doesnt work that way.

We either have the banks on side with contracts ready to sign or we dont.

It might mean we sign on Monday or that we need a little bit more time, but 'assurances' in the current econimic climate, your kiddin' me !

 

[BigGully]

I have had real trouble picking out your point from this.

It doesn't surprise me ...

 

[Surf 'n' Turf]

Even if we build the first stage and run out of money ala Bournemouth and Oxford, then I will still rather it than Withdean

Here's to that!

 

[m20gull]

It doesn't surprise me ...

Ah! I've got it now.

 

[Guy Fawkes]

Brillant news :yahoo::yahoo::yahoo::yahoo:

For the doubters - surely by signing this contract, it means that work will begin on the site, and for work to start, the council has to be convinced that the finances are in place to actually complete the stadium for they wouldn't sign the site over.

 

[Surf 'n' Turf]

Brillant news :yahoo::yahoo::yahoo::yahoo:

For the doubters - surely by signing this contract, it means that work will begin on the site, and for work to start, the council has to be convinced that the finances are in place to actually complete the stadium for they wouldn't sign the site over.

Ssshh, you're not meant to get excited!

 

[BigGully]

Brillant news :yahoo::yahoo::yahoo::yahoo:

For the doubters - surely by signing this contract, it means that work will begin on the site, and for work to start, the council has to be convinced that the finances are in place to actually complete the stadium for they wouldn't sign the site over.

OK , OK I genuinely hope your right, if the finances ARE in place why have we not been told, nothing nasty, just why ?

Its an effort to continue the momentum for us the fans, and who knows maybe next week it will all fall into place, but why would you presume that we have the finances in place because we have signed a contract with our building contractor.

Unless the finances are already guranteed then the contract is likely to include pointed clauses like 'subject to xyz' and that doesnt seem to give the reassurances that we all hope for.

 

[Whitterz]

This is a multi million pound project, maybe the biggest Sussex has seen in recent history, well for most of us it is !!

Do you really believe that these are run on a nod and a wink

There are in depth legal contracts that allow these project to start and finish, they might be already in place, but I havent heard.

You do NOT lend millions of pounds to a client on the premise that they have 'assurances' from maybe another lender, it doesnt work that way.

We either have the banks on side with contracts ready to sign or we dont.

It might mean we sign on Monday or that we need a little bit more time, but 'assurances' in the current econimic climate, your kiddin' me !

Your post makes no sense in English to me whatsover. Quite clearly you have not read my post properly. When did I say that the banks were not ready to lend money- If you read my post, you will see that I have stated that the funding will be in place when it is required. That has been agreed , and that is what will happen.

 

[BigGully]

Your post makes no sense in English to me whatsover. Quite clearly you have not read my post properly. When did I say that the banks were not ready to lend money- If you read my post, you will see that I have stated that the funding will be in place when it is required. That has been agreed , and that is what will happen.

No

Although the release of the funds will be at different times, the overall funding would need to be agreed within certain boundaries and legally binding.

Who do you think might wish to lend the first amount without a GUARANTEE of further funds later.

What would they do with a reposessed brickwall on council owned land without any chance of a later income ?

Even in the bloated 80's you might struggle to find a backer in your scenario !!

Unless you are saying all finance is in place ?

I am sure we havent been told that.

 

[Guy Fawkes]

OK , OK I genuinely hope your right, if the finances ARE in place why have we not been told, nothing nasty, just why ?

Its an effort to continue the momentum for us the fans, and who knows maybe next week it will all fall into place, but why would you presume that we have the finances in place because we have signed a contract with our building contractor.

Unless the finances are already guranteed then the contract is likely to include pointed clauses like 'subject to xyz' and that doesnt seem to give the reassurances that we all hope for.

Because there would be huge financial penalties in the contract if you have agreed for the work to be done and signed the paperwork for it only to then pull out of the deal, The contractor would have to start to recruit staff to build the stadium, invest in the equipment etc...

Without agreement from the council for use of the land, then this agreement wouldn't be signed, and the council wouldn't agree if the finances were not in place

 

[BigGully]

Because there would be huge financial penalties in the contract if you have agreed for the work to be done and signed the paperwork for it only to then pull out of the deal, The contractor would have to start to recruit staff to build the stadium, invest in the equipment etc...

Without agreement from the council for use of the land, then this agreement wouldn't be signed, and the council wouldn't agree if the finances were not in place

Thats right, but without an indication that all the finance is in place, why would that contract be signed.

Either the funds are guaranteed or they are not.

Both ways the contract could still be signed but with different outcomes.

The contract would have certain clauses which would mean that they would not start building without a guarantee of payment, or would only start when proof of guaranteed funds or some payment however.

My point it doesn't seem to give the green light to securing the critical funds at present that would ensure the building of the stadium just now.