Club Signs Stadium Contract

[cjd]

Perahps I am missing something here but what right do we as mere supporters have to know whether or not the funding is in place and if so to what degree.

Much as I enjoy your posts generally (most of which I disagree with), it is your statement above, that makes me glad that your consortium involvement before Dick Knight, did not succeed.

Your view of us "mere supporters" is typical of people who are out of touch with football supporters today.

As "mere supporters" we probably have no right to know if funding for the stadium is in place or not. However, as the stadium is ultimately dependant on "mere supporters", perhaps it would NOT be beyond the club to let us know whether funding is agreed/in place..............OR NOT....?

Doesn,t seem too much to ask for me.............as a "mere supporter" of course.

 

[steward 433]

An offer is not the same as a legal agreement. Until the bank signs it can still be pulled out. I am not trying to be a doom mongerer as I still think the funding will be obtained in the new year but it clearly isn't now.

To give you an example. Recently I was involved with a funding request that had informally been agreed one day and the following Monday the bank was told by their credit HQ that no more funding was available across the whole bank. This meant that any deal that had not been signed was immediately postponed regardless of what had been "agreed" but not signed by the bank.

But as i was lead to undestand that an "offer" with a time limit was legally binding.

I know the company i used to work for the "offers" were legally binding

 

[Westdene Seagull]

Can you imagine the council not agreeing to hand over the land. That would be an astonishing development. And there is no reason for them to do so. There is every expectation that this will happen. All I am saying is the funding is not yet signed in full. That wouldn't stop the council handing over the land.

Much as the council have supported the club they would be prevented from handing over the land legally if they were in ANY doubt about the funding - it's publicly owned land and there would be serious consequences if they handed it over without all the checks being in place.

 

[Lord Bracknell]

The signing of this contract as mentioned already signifies they have sufficient funds to pay the contractors for the first phase, up until April.

You seem to know all the details of the contract. Any chance of posting the whole document on NSC?

 

[Giraffe]

You seem to know all the details of the contract. Any chance of posting the whole document on NSC?

Of course I don't you nana!!

Look all I am saying that unless they had the finance in place prior to October they are highly unlikely to get it right now. Therefore as work is due to commence on the first phase it seems reasonable to assume that they have sufficient finance to at least fund this bit. I am guessing like the rest of us regarding the contract with Buckingham, and of course I don't know.

However I have a lot of knowledge of current banking and therefore feel confident in stating the above.

LB, whilst you might think I am being negative I am not, the funding will come but just wanted to correct those posting on here that it is must be in place just because we have agreed with Buckingham. That is just not necessarily the case, and until the club say funding is in place, then we just won't know that is.

 

[Giraffe]

But as i was lead to undestand that an "offer" with a time limit was legally binding.

I know the company i used to work for the "offers" were legally binding

Soory I think we are getting a little pedantic now!

Sometimes banks will make an offer which is not legal binding. I.e. it is in place subject to x, y and z, due diligence etc, anyway, it may not have been legal binding.

But thats a side issue really.

 

[BigGully]

Oh do f*** off.
You spout this endless speculative shite of yours over these financial contracts you know nothing about, as though it were fact. Like you have some inside track on things, and that you are so smart as to be one step ahead of everyone else, and that contrary to the statements from the club, the constructors and the fact that in a couple of weeks there will be DIGGERS on site, you in fact know that the funding isn't there and we're all pissing in the wind.

Give it a f***ing rest will you.

Dear 'Dozy 10'

I am assuming that you have never raised finance above and beyond a credit card application ( probably the ones for 29.9% apr and failed ) but althought I find some of your post quite funny, I honestly think that your views on anything from team affairs to real life just as comedic !!

I genuinely hope that the club has the finance in place maybe today, although I doubt it, or hopefully first thing Monday morning.

As yet this is unlikely, not because the club and MP & DK have in someway acted or made decisions that are poor, but because the current economic climate is against them.

Lets hope they succeed, where others such as the worlds major banks and many corporate international business are failing at present, but I am concerned.

Bigger and better businesses than us are failing at present, not necessarily because of poor management, but due to current financial circumstances, thats all, its sooo tough out there.

You choose to have a group huddle and 'whoooop' because they have signed a insignificant contract that at the most GUARANTEES a dig that would achieve less 'soil turnover' than an episode of 'Timeteam' !! and deride my view that it doesn't really tell us much or move us closer to our outstanding stadium.

We dont know what will happen in the coming days, months or weeks, but please dont hold your breath when waiting for your reply to your unlikley credit card application, you have been declined.

 

[BigGully]

Soory I think we are getting a little pedantic now!

Sometimes banks will make an offer which is not legal binding. I.e. it is in place subject to x, y and z, due diligence etc, anyway, it may not have been legal binding.

But thats a side issue really.

Your kiddin' me

Most offers are NOT legally binding because they are likely to be 'subject to x y z ' and it depends what 'x, y,z' might say.

When the club has the finance legally bound, they will tell us.

 

[BigGully]

You seem to know all the details of the contract. Any chance of posting the whole document on NSC?

It really isn't about knowledge of the details of the contract, thats a 'red herring' that you throw at some doubters.

We are not stupid we work within the real world and borrow and invest to different degrees and we all feel the financial difficulties that are with us now.

You either have the finance in place or you do not.

It might be likely that you cannot secure any funds until all parts of the funding plan has been agreed, I dont know.

But the club doesn't seem to offer any confirmation that the funds are secured, it seems to hurt some of you but many on here share the same reservations.

 

[BigGully]

Big Gully I admire your sticking with this but I would suggest it now best to leave it there. Like you I will be delighted and will crack open the champers the second Martin states all funding is agreed, but until that day I am keeping my expectations as hopeful but not a certainty.

PS Could any of you who have stated above that Martin has confirmed that all funding is in place ready for whenever we need it please show where he has said it as I quite fancy a glass this morning. Thanks.

Your very kind, but I will continue to post my views if I feel I have a view to say.

I aint goin' anywhere ;-)

 

[Lord Bracknell]

It really isn't about knowledge of the details of the contract, thats a 'red herring' that you throw at some doubters.

We are not stupid we work within the real world and borrow and invest to different degrees and we all feel the financial difficulties that are with us now.

You either have the finance in place or you do not.

It might be likely that you cannot secure any funds until all parts of the funding plan has been agreed, I dont know.

But the club doesn't seem to offer any confirmation that the funds are secured, it seems to hurt some of you but many on here share the same reservations.

When I said "You seem to know all the details of the contract", I wasn't commenting on what you said, BigGully. I was commenting on this by Giraffe:-

The signing of this contract as mentioned already signifies they have sufficient funds to pay the contractors for the first phase, up until April.

How does he know that "the first phase" is "up to April"?

In any event, the suggestion that Buckingham are only committed to "the first phase" is flatly contradicted by what Martin Perry said on The Albion Roar last week about Buckingham having signed up to carry the risk on steel prices right through to the end of the contract.

 

[BigGully]

I wasn't commenting on what you said. I was commenting on this by Giraffe:-

How does he know that "the first phase" is "up to April"?

In any event, the suggestion that Buckingham are only committed to "the first phase" is flatly contradicted by what Martin Perry said on The Albion Roar last week about Buckingham having signed up to carry the risk on steel prices right through to the end of the contract.

Typically your changing your position, you have thrown the same explanation to me, in fact intimating that the Buckingham Group contract was the clubs only way of allowing us the information that confirmation of funding was secured because of commercial confidentiality, which I have checked and is pure bullshit.

The club either have full funding or not, you cannot be half pregnant.

It aint no stadium until we are guaranteed to build the whole thing, dont give me a guarantee of a perimeter wall.

It might be the club require some more time, thats fine because my sceptisism is based on financial difficulties of any viable business project beyong BHAFC, I aint pointing fingers here.

Although many just wish to celebrate, 'coz we are fanz' and us doubting thomas's are .... well 'just not'.

The contract with the Buckingham Group may or may not have guarantees of some work, but until I hear that the banks will back the project I will remain hopeful, but a little doubtful.

LB dont waste your time trying to patronise some on here that might have some experience of trying to raise funds from the banks regularly.

 

[steward 433]

The club either have full funding or not, you cannot be half pregnant.

It aint no stadium until we are guaranteed to build the whole thing, dont give me a guarantee of a perimeter wall.

Totally different so do not try and use that, You know and i know that it is incomparible

As a councillor you should know better.

 

[BigGully]

The club either have full funding or not, you cannot be half pregnant.

It aint no stadium until we are guaranteed to build the whole thing, dont give me a guarantee of a perimeter wall.

QUOTE]

Totally different so do not try and use that, You know and i know that it is incomparible

As a councillor you should know better.

What the f*** !!!

 

[steward 433]

What the f*** !!!

I thought you said you had previous experience of large projects like these.

 

[BigGully]

I thought you said you had previous experience of large projects like these.

Nah ........

 

[steward 433]

Nah ........

It shows with all the drivel coming out of your keyboard.

 

[BigGully]

It shows with all the drivel coming out of your keyboard.

Make a point if you wish .......

Give me your exclusive reason why the banks will back this project today ??

Why .... it doesn't make you a bad fan if you can't think of one

 

[BigGully]

Jeeez either you have so many its taking some time, but probably you can't think of one .........

I am off to bed .... nite

 

[steward 433]

Make a point if you wish .......

Give me your exclusive reason why the banks will back this project today ??

Why .... it doesn't make you a bad fan if you can't think of one

We have directors in this club 2 of them in fact who could each build the whole thing out of their respective bank accounts. Who has ever said all the funding was coming from the banks?

The club and Price Waterhouse Coopers have put a very good business plan together otherwise we wouldn't have had the interest we have had from the tier one banks.

And money is readily available from banks at the moment as long as your business plan is ok.