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stadium delayed
- Thread starter newhaven seagull 85
- Start date
Lord Bracknell
On fire
One thing I know is that the members of the Stadium Project Team who visit NSC don't come here to make announcements about what's happening. They are, however, known to be great fans of Mr Easy 10, who has displaced their earlier favourite - Ernest.
Personally, I think they have work to be getting on with.
Personally, I think they have work to be getting on with.
steward 433
Back and better
Now Thomas no need for that!
Uncle Buck
Ghost Writer
- Jul 7, 2003
- 28,075
Some facts to back it up would be good.
steward 433
Back and better
No i don't. I might give pieces of info but not all.
Scotty Mac
New member
- Jul 13, 2003
- 24,405
Uncle Buck
Ghost Writer
- Jul 7, 2003
- 28,075
You never back it up with facts though.
Ernest
Stupid IDIOT
Ever thought about being on the panel on Eggheads perhaps replacing CJ?
Buzzer
Languidly Clinical
- Oct 1, 2006
- 26,121
How can I be DISPLACED
It's difficult but an industrial digger might just work
Scotty Mac
New member
- Jul 13, 2003
- 24,405
steward 433
Back and better
''I'm in no way an expert on these things, but I read that this economic downturn might last a year to 18 months or so. This is a financial package that will be in place for 10/15/20/25/30 years.* Seeing as no-one knows how things will be in 5 or 10 years' time, surely the economic situation now ought not impact too heavily on the lifetime of the package? Perhaps someone can comment...?''
The problem with that is, that even if the financiers agree with your assertion of an 18 month downturn, then they may decide to 'sit tight' until there is evidence of any upturn.
Why would they consider to take the risk today ?
Banks remain historically generous in times of growth and likewise quite unyielding at other times.
I am sure there will be re-negotiations in the coming weeks and months, with the banks maybe trying to minimise their own risks whilst arguing for greater funding from other areas, either commercial or personal avenues.
The problem with that is, that even if the financiers agree with your assertion of an 18 month downturn, then they may decide to 'sit tight' until there is evidence of any upturn.
Why would they consider to take the risk today ?
Banks remain historically generous in times of growth and likewise quite unyielding at other times.
I am sure there will be re-negotiations in the coming weeks and months, with the banks maybe trying to minimise their own risks whilst arguing for greater funding from other areas, either commercial or personal avenues.
The Large One
Who's Next?
True, but it's not as though the 'banks' are footing the entire bill for this project.
The Large One
Who's Next?
Don't know.
At the Public Inquiry, the club stated (though I stand to be corrected) it needed to borrow £29m out of a then projected cost of £44m.
We will have to see what the final bill will come out at, and to what the club can and can't claim for in comparison to 2003 when that statement was made. Plus I don't know how much the Brighton & Hove City College part of the development will put into the coffers.
Still quite significant, so IF the banks have become as risk aversed as some think, then I wouldnt be surprised if there might be some tough negotiations ahead.
steward 433
Back and better
I really don't think Price Waterhouse Coopers would have taken it on if they had too many doubts as would they really risk ruining their reputation??
The reason such a credible company has taken it on is because it IS frigging hard to raise that amount of money at any time let alone now.
Otherwise DK would of popped into the Halifax Huilding Society ATM and withdrawn £20 million in £20 notes and had the diggers in by now !!
Dave the OAP
Well-known member
au contraire
My father worked as a consultant for Coopers in London and there was a certain kudos in taking on jobs that they could bring in on budget when all hope was lost. Not that all hope is lost with Falmer, but I think there is a lot of nievity about if people think that this downturn will not affect us!!