Just got an email from someone within this group attempting to stop me spreading the truth about SkyBlues Trust claiming factual errors - despite the fact No errors were mentioned!
I stand by what I said earlier. You cannot claim your plan is last resort, when you also say you are looking for investors - by definition if its last resort no investors are available!
I stated the FACT the club has equitised £50-60 mill in debts - this would be owed in any takeover! So is the trust going to pick up the tab?
No mention of funding the ricoh, no mention of funding buying of players - these are fundamental aspects.
They get aggressive with anyone who shows up the flaws in their plans. Pompey is relying totally on :
a) Local businesses being prepared to accept 2% on the debts (I remember the fury at leeds when they offered 2% to creditors), and
b) The current owner being forced to sell for £2.75 million (currently asking £16 mill)
c) Developers funding the buyout and the club selling the ground to the developers
d) Getting permission to remove the Listed Building status from the ground.
This information has been quoted by the BBC, so unless they have a hidden agenda against Pompey are facts!
As Cov don't own the ground or land, the option to sell to developers is not available.
Therefore the ONLY way this could work, is for administrators allowing this group to take over the club for £1 and accept the debt (currently £60 mill). As the sole creditor is SiSU I find it almost impossible that they would accept 2%, so an average of 10-20% restructured debt (meaning the groups would have to finance a loan of £5-10 million) - This is before you start with running costs!
The rent as we all now is £100k/month - So I assume they will be expecting a reduction in rent. As ACL are fairly dependant on matchday revenue, I hardly think there is scope for much compromise.
The more you look into it, the more ridiculous their plan becomes! Sure it would be nice for fans to own the stadium, but it would be nice to win the lottery also!
All in all an absolute minimum they will have to find is £10 mill, and considering neither Pompey or swansea (both used of examples of this scheme "working") didn't get anywhere near that figure (Pompey claim £2mill - hence they want stadium for 2.75mill), and swansea achieved £100k
Good luck in getting £10mill from 700 members - (at just under £1500 per member!)
BTW Having members of your group threaten physical violence and making abusive attacks isn't going to win many people over is it!
Just as Houchens head says
All people have the right to stupidity but some abuse the privilege.
Just got an email from someone within this group attempting to stop me spreading the truth about SkyBlues Trust claiming factual errors - despite the fact No errors were mentioned!
I stand by what I said earlier. You cannot claim your plan is last resort, when you also say you are looking for investors - by definition if its last resort no investors are available!
I stated the FACT the club has equitised £50-60 mill in debts - this would be owed in any takeover! So is the trust going to pick up the tab?
No mention of funding the ricoh, no mention of funding buying of players - these are fundamental aspects.
They get aggressive with anyone who shows up the flaws in their plans. Pompey is relying totally on :
a) Local businesses being prepared to accept 2% on the debts (I remember the fury at leeds when they offered 2% to creditors), and
b) The current owner being forced to sell for £2.75 million (currently asking £16 mill)
c) Developers funding the buyout and the club selling the ground to the developers
d) Getting permission to remove the Listed Building status from the ground.
This information has been quoted by the BBC, so unless they have a hidden agenda against Pompey are facts!
As Cov don't own the ground or land, the option to sell to developers is not available.
Therefore the ONLY way this could work, is for administrators allowing this group to take over the club for £1 and accept the debt (currently £60 mill). As the sole creditor is SiSU I find it almost impossible that they would accept 2%, so an average of 10-20% restructured debt (meaning the groups would have to finance a loan of £5-10 million) - This is before you start with running costs!
The rent as we all now is £100k/month - So I assume they will be expecting a reduction in rent. As ACL are fairly dependant on matchday revenue, I hardly think there is scope for much compromise.
The more you look into it, the more ridiculous their plan becomes! Sure it would be nice for fans to own the stadium, but it would be nice to win the lottery also!
All in all an absolute minimum they will have to find is £10 mill, and considering neither Pompey or swansea (both used of examples of this scheme "working") didn't get anywhere near that figure (Pompey claim £2mill - hence they want stadium for 2.75mill), and swansea achieved £100k
Good luck in getting £10mill from 700 members - (at just under £1500 per member!)
BTW Having members of your group threaten physical violence and making abusive attacks isn't going to win many people over is it!
Name names.......either put up or shut up! You are in danger of becoming an embarrassment on both this and the CT forum.
In danger of??
psgm1.
Be interesting to know WHO threatend you and what this person actually said?
Come on. Who shot JR? :thinking about:
sdgsdgsdgdsghsdghsdfgsdfg
sdgsdgsdgdsghsdghsdfgsdfg
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