Interesting that the cash has been put in from RCMA in the form of equity, rather than from Doug himself. Previous investment into the club was in the form of the £30m interest free loan from Doug King.
Hedge Funds owners are back then?
Could be that Equity capital is considered "secure funding," which allows clubs more headroom to report losses. Which would make sense given that dougs said we are still a loss making clubIn your opinion, what is the significance of this?
Could be that Equity capital is considered "secure funding," which allows clubs more headroom to report losses. Which would make sense given that dougs said we are still a loss making club
I dont either reallyThanks for trying to explain, don't really understand it but that's my problem!
Isn't every club in the Championship loss making?Could be that Equity capital is considered "secure funding," which allows clubs more headroom to report losses. Which would make sense given that dougs said we are still a loss making club
Still thinking about this. Ultimately I think it is a positive thing for the club as long as DK’s intentions remain in line with ours (the fans), which I have no reason to doubt or question.In your opinion, what is the significance of this?
2024 and 2023 accounts show losses of 2.7m and 5.1m.Are Wrexham?
Would it be wide of the mark to assume that we're paying Frasers in installments, rather than taking out a commercial loan?As at 26 Oct-25, the club had only paid £7.5m to Frasers.
We don’t have the details to confirm 100%, but that sounds entirely plausible. There’s a fixed charge between Coventry arena propco limited and frs estates Ltd - like a mortgage. Definitely paying in instalments (the Frasers cash flow confirms they’ve only actually received £7.5m (max) to Oct-25). How the rest of the £42.5m is to be paid and over what term, we do not know.Would it be wide of the mark to assume that we're paying Frasers in installments, rather than taking out a commercial loan?
It may explain why, when asked about removing the Frasers advertising, King answered that they would remain for some time to come.
Frasers paid nowhere near 50m for it.£50 million is interesting, thats how much Frasers paid, not necessarily how much we paid.
But i also remember some comment from Doug that after they (frasers) bought it they invested more too to tidy it up a bit and that had to be factored into the price we paid.
So IMO either doug is a master negotiator and/or frasers werent willing to put even more money in and so sold it for less than the bought and spent on it
or
we owe frasers more than they paid themselves
Incorrect. Covcityco Ltd acquired the companies named above for consideration of £50m.£50 million is interesting, thats how much Frasers paid, not necessarily how much we paid.
But i also remember some comment from Doug that after they (frasers) bought it they invested more too to tidy it up a bit and that had to be factored into the price we paid.
So IMO either doug is a master negotiator and/or frasers werent willing to put even more money in and so sold it for less than the bought and spent on it
or
we owe frasers more than they paid themselves
Oh sorry. I misread your post completely. My badIncorrect. Covcityco Ltd acquired the companies named above for consideration of £50m.
My bad too, I’ve just edited my post to make it a bit clearer just in case.Oh sorry. I misread your post completely. My bad
I thought you were reading in the frasers reports a cost of £50m for the stadium, not an income from the sale. My mistake
Definitely got a mug, who tf doesntI wonder if Doug had to buy a bag for life and a big mug
IndeedI guess alot cheaper than it would cost to build a new one from scratch though , with casino and hotel and large parking space
I guess alot cheaper than it would cost to build a new one from scratch though , with casino and hotel and large parking space
Here is the inconvenient truth here. Despite the feel good factor of owning the stadium it is a mistake. It’s a loss making money pit. Renting was the sweet spot. Decent revenues with little cost. The CBS could easily turn out to be a massive mill stone around our neck.
utter nonsense againHere is the inconvenient truth here. Despite the feel good factor of owning the stadium it is a mistake. It’s a loss making money pit. Renting was the sweet spot. Decent revenues with little cost. The CBS could easily turn out to be a massive mill stone around our neck.
Here is the inconvenient truth here. Despite the feel good factor of owning the stadium it is a mistake. It’s a loss making money pit. Renting was the sweet spot. Decent revenues with little cost. The CBS could easily turn out to be a massive mill stone around our neck.
Not necessarily true. Could be true, but I’d imagine based on the forecasts DK/the club are looking at, DK thinks the stadium is worth owning rather than renting. DK will have factored risk into this, ie if forecasts are off by x%, how does this impact the overall analysis (net present value of the arena/club). If this wasn’t DK’s view, he ultimately wouldn’t have done a deal to buy the ground.Here is the inconvenient truth here. Despite the feel good factor of owning the stadium it is a mistake. It’s a loss making money pit. Renting was the sweet spot. Decent revenues with little cost. The CBS could easily turn out to be a massive mill stone around our neck.
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