Do you BELIEVE we can afford Falmer?

[steward 433]

But who? I never said that you did.

Bens Grandad will confirm that a certain director could easily pay for the project I am not naming him though.

And the keyword here is could

 

[Djmiles]

We don't have the money to pay for it, which is why the BANKS will pay for it.

Do 99% of the population have the money to buy a house? No. Doesn't stop them buying one though does it.

 

[Trigger]

Bens Grandad will confirm that a certain director could easily pay for the project I am not naming him though.

That's a bit like saying I know Wednesdays lottery numbers in advance but I'm not going to tell anyone because I just made it up to myself look good?

 

[Barrel of Fun]

Bens Grandad will confirm that a certain director could easily pay for the project I am not naming him though.

And the keyword here is could

I know the keyword is 'could'. We have already established that. I thought you might be getting confused with the worth of Tony Bloom again.

 

[steward 433]

I know the keyword is 'could'. We have already established that. I thought you might be getting confused with the worth of Tony Bloom again.

No not Tony Bloom and anyway what was the extra 0 doing in that thread anyway

 

[The Merry Prankster]

...... finance when it hasnt been confirmed by the club.

TLO's interview with Martin Perry on Radio Reverb covered this to my satisfaction.

 

[El Presidente]

Perhaps the question ought to be "can we afford to not have Falmer?"

 

[Silent Bob]

I know the keyword is 'could'. We have already established that. I thought you might be getting confused with the worth of Tony Bloom again.

I'm not convinced any of our directors are even WORTH £60m let alone have that much, especially not to spare. I'd like to know who is supposedly that wealthy.

 

[Husty]

There are two different questions floating about.

Can we afford Falmer?
and
Do you believe we will have the money?

Two different question, really.

We can afford Falmer, if we have a decent marketing team and set prices at sensible levels to bring back the masses. We have two Universities within a stones throw, a relatively youthful population and a large catchment area. There does seem to be a chance that the project will be extremely viable. We do not have a great deal of debt owed to those outside of the club, so that should not be an issue.

I read that Steward433 said that we have two people on the board that could pay for the whole thing. Were their names revealed? I am certain we do not have anyone that rich on our side.

Ps Why the sly digs at WW? He is asking a justifiable question and something that is key to our progress as a club. Obviously, it is all opinionated as we are looking into the future.

theres a difference between 'can' and 'will' though, im sure if they ll got together we could build it easily, but instead there going to rely on loans in the clubs name (pessimistic i know)

 

[seagullsovergrimsby]

I'd like to know who is supposedly that wealthy.

Derek Chapman ?
Although I cant see him selling his company to finance the whole deal.

 

[chimneys]

TLO's interview with Martin Perry on Radio Reverb covered this to my satisfaction.

Have just listened thinking it was this week's but clearly not. Was this the one of a few weeks ago? I dont suppose anyone has a transcript of what Martin actually said on the finance issue?

In any event, my concern is if it was said even a few weeks ago the world of finance is spiralling downwards so rapidly it might not be relevant now.

 

[steward 433]

A question for the accountants on here.

When we signed the agreement with the Buckingham Group V.A.T. was 17.5%

Now it has dropped to 15% we will be effectively paying less on the stadium build 2.14% i believe?

 

[Norman Potting]

A question for the accountants on here.

When we signed the agreement with the Buckingham Group V.A.T. was 17.5%

Now it has dropped to 15% we will be effectively paying less on the stadium build 2.14% i believe?

Wouldn't the club/company who are paying for it to be built (not necessarily the same thing) claim the VAT back anyway? Or do I totally not understand how VAT works??

 

[seagullsovergrimsby]

A question for the accountants on here.

When we signed the agreement with the Buckingham Group V.A.T. was 17.5%

Now it has dropped to 15% we will be effectively paying less on the stadium build 2.14% i believe?

I'm not an accountant but yes we only pay VAT at 15% until it reverts back in Jan 2010 to 17.5% which is when it becomes complicated and only Lord Canning will understand all the minutiae of the tax rules.

 

[chimneys]

Wouldn't the club/company who are paying for it to be built (not necessarily the same thing) claim the VAT back anyway? Or do I totally not understand how VAT works??

Bang on Trevor. The club will elect to tax the Falmer site and therefore will reclaim all VAT expended. Therefore (and unfortunately) the VAT cut will be of no consequence (unless we have any more land to buy and the vendor is charging VAT on the sale in which case we will pay slightly less Stamp Duty Land Tax).

 

[clippedgull]

Have just listened thinking it was this week's but clearly not. Was this the one of a few weeks ago? I dont suppose anyone has a transcript of what Martin actually said on the finance issue?

In any event, my concern is if it was said even a few weeks ago the world of finance is spiralling downwards so rapidly it might not be relevant now.

It was on last Saturdays' show.

A question for the accountants on here.

When we signed the agreement with the Buckingham Group V.A.T. was 17.5%

Now it has dropped to 15% we will be effectively paying less on the stadium build 2.14% i believe?

Dunno about that, but we are protected from any steel price movements for the whole contract according to MP.

 

[seagullsovergrimsby]

So does it mean the club forking out slightly less before claiming back the VAT element between now and Jan 2010 or is it all worked out on net and gross amounts ?

 

[dougdeep]

I Think The Initial Cost Is Covered By One Member Of The Board,this Will Be Repaid To Him Once The Bankers Loosen There Sweaty Little Grip On Our Money!

CAPS LOCK!

 

[chimneys]

So does it mean the club forking out slightly less before claiming back the VAT element between now and Jan 2010 or is it all worked out on net and gross amounts ?

The former.

 

[jcdenton08]

I think now we have the stadium deal done and dusted, and it's all REALLY happening, and we're a solid League One team with a large potential fan base, that a new backer will come in.

All that's been stopping them has been the stadium situation.