steward 433
Back and better
If only DK had that amount just sitting in the bank!
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stadium delayed
- Thread starter newhaven seagull 85
- Start date
If only DK had that amount just sitting in the bank!
The Large One
Who's Next?
OR... those tough negotiations are on-going, having already taken place over the past few months and years.
I'm seriously considering opening up a new business and wondered if you could give me some usefull tips on how to be successfull?
Ongoing and ever changing I would suspect.
Uncle Buck
Ghost Writer
- Jul 7, 2003
- 28,075
But Steward says it will not affect us.
countrygull
Active member
Could I say, with respect Steward 433, that before I re-enter the serious part of this discussion thread, that you do not have the slightest clue what you are talking about in terms of the financial world (and much else besides). Price Waterhouse Coopers have a job to do. They build risk and doubt into everything they do. But their job is assurance at the end of the day. It is how they make money. A year (and more) ago, the stadium was a straightforward project. All going smoothly, no problems. Now the financial world has changed. Well frankly it is not up to PWC to publicly highlight concerns. They may well do it to the board, but if they were to do it publicly, that is what would ruin their reputation. With further respect, you need to grasp that what has happened in the past few months in the financial world is affecting everything - your banking, your bills, your ability to borrow money - and companies (including the Albion) are in exactly the same position. Now I'm a massive Albion fan - but my eyes are open. I don't want there to be gliches - all I'm saying is that there is a very fair chance there may be.
steward 433
Back and better
I am fully aware what has happened to the financial sector over the past few months thanks. I am also aware of what is happening in the construction industry very much so and that includes knowing which of the 100 plus projects i have worked on over the last 18 months HAS been financed and which haven't.
My eyes are open.
My eyes are open.
Arthur
Well-known member
countrygull
Active member
OK having made my point to the Steward (one imagines of Martin Perry's seat) - I too fear the `renegotiations` issue. It doesn't matter whether the banks are in this for 1% or 100% - they are now being incredibly careful with their money. It could be that some smart-arsed banker looks again at our figures and just wonders how an average 6 thousand crowd at the Withdean will convert to a 12 plus thousand crowd at Falmer? We know it will be more - but we are fans, we are not bankers sitting in a London office looking at figures. I hate to be negative and actually, I don't think I am - but I am a realist and as such I realise that times they are a changing.
Uncle Buck
Ghost Writer
- Jul 7, 2003
- 28,075
You are my hero!
It is good to have a role model.
Arthur
Well-known member
Lord knows I've needed one!
Uncle Buck
Ghost Writer
- Jul 7, 2003
- 28,075
Well please start by using more smilies and posting something on every thread.
Uncle Spielberg
Well-known member
Thats a good point and this is my take on it, we MUST be in the championship by the time we play at Falmer, ideally by next season, this is MORE important now than ever, if we are languishing in the 3rd division when we start at Falmer I do not think we will average 12000, if we are playing in the championship that is possible, thats why DK got rid of DW in part.
We need people back, we need to show we are a supported club, we need 7000 + tomorrow for example. With the Credit Crunch and lack of money we cannot assume people will flock to Falmer and line up like they did at they end of Field of Dreams, in 2 years time. Lets be realistic, the momentum was with us when we went up to the championship with McGhee 4 years ago. Relegation and now 3 years in the backwater of 3rd division of football and we are in danger of having a malaise growing around the club and dust settling.
It is IMERATIVE we go up this season and not assume if we don't the rest of the division will roll over for us next season thats why Naylor was so wrong in his assumptions pre season that not going up this season could be a good thing.
With this risk and uncertainty and the lack of money I would imagine the commercial finance will be 50% tops with the other 50% having to come from the club , its directors and benefactors.
Ernest
Stupid IDIOT
The credit crunch will only make attendances lower and for example how many will go tomorrow and miss Scunthorpe or vice versa as £50+ for two games in a week will be too much for some ?
I hope there is a Plan B out there because if the banks won't lend or won't lend enough that's it f***ed.
I hope there is a Plan B out there because if the banks won't lend or won't lend enough that's it f***ed.
Dave the OAP
Well-known member
Dave the OAP
Well-known member
steward 433
Back and better
Where did you get £50 million from Dave?
Dave the OAP
Well-known member
10 odd years ago the figures bandied around was about 35 million.....therefore a guess of 50 million seems conservative
steward 433
Back and better
Ok cheers
Uncle Spielberg
Well-known member
Dave I am not an expert on Commercial Finance but I do not last year when lending was easy you needed a 25% deposit generally for Commercial as it was higher risk, with the credit crunch and ongoing uncertainty I would imagine that deposit is much higher at 40-50%.