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Post by royalstone on May 22, 2024 13:28:49 GMT
The club have just posted a statement on x looking for new investment. As I have read it they are open to several options. One of these options mentioned was sale of the club while the current owners retain the stadium (I may have misunderstood). Separating the ownership of the club and the stadium would be something I would not be in favour of. Am I right to be concerned?
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Post by daveu on May 22, 2024 13:59:20 GMT
The club have just posted a statement on x looking for new investment. As I have read it they are open to several options. One of these options mentioned was sale of the club while the current owners retain the stadium (I may have misunderstood). Separating the ownership of the club and the stadium would be something I would not be in favour of. Am I right to be concerned? I think we’re safer with Oliver and Terry retaining ownership of the stadium as that would ensure nobody could buy it up for development. I think they have more than demonstrated that they are reliable guardians of The Stones in that respect. |
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Post by grovergreenstone on May 22, 2024 14:28:05 GMT
I wonder why they suddenly post this now ?
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Post by pwoodstone on May 22, 2024 14:42:38 GMT
It’s just reposting the wish for investment. I don’t think it’ll be a my thing other than a good time to post it again. Season is finished. Clubs profile is as high as it’s been since reforming.
Just restating their position.
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Post by pwoodstone on May 22, 2024 14:42:59 GMT
I wonder why they suddenly post this now ? Is it sudden? |
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Post by pwoodstone on May 22, 2024 14:44:43 GMT
The club have just posted a statement on x looking for new investment. As I have read it they are open to several options. One of these options mentioned was sale of the club while the current owners retain the stadium (I may have misunderstood). Separating the ownership of the club and the stadium would be something I would not be in favour of. Am I right to be concerned? I think we’re safer with Oliver and Terry retaining ownership of the stadium as that would ensure nobody could buy it up for development. I think they have more than demonstrated that they are reliable guardians of The Stones in that respect. They could sell the ground with a covenant in place as well. Would make sense from one aspect but also limits flexibility if there is significant growth. If we had to move to a bigger site in 20 years for example but couldn’t sell the current land to fund it. I suspect they would consider splitting it because that is the main asset and so they’d be happy to keep hold of it |
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Post by alans on May 22, 2024 14:50:24 GMT
It’s a rehash of an old report. Read right down to the bottom. It mentions us having lost 7 in a row and being at the bottom of the National League.
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Post by Sennockian69 on May 22, 2024 14:53:59 GMT
Love a rehashed report. Journalism from the NWS school of journalism.
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Post by sword65 on May 22, 2024 18:16:04 GMT
It's quite simple,sell the club and let someone pay for the day to day running of it whilst keeping the money making ground to recoup the £3-4 million investment.
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Post by exiled on May 22, 2024 18:45:31 GMT
Think the devil is in detail here quote divesting the club whilst maintaining the freehold of the ground end quite Thus means expecting new investors to put up money without sureties on the ground whilst taking an income from non football activities no one will invest on that basis completely dead in the water and the main reason that the Manchet takeover failed.
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Post by Long gone on May 22, 2024 18:47:17 GMT
Think the devil is in detail here quote divesting the club whilst maintaining the freehold of the ground end quite Thus means expecting new investors to put up money without sureties on the ground whilst taking an income from non football activities no one will invest on that basis completely dead in the water and the main reason that the Manchet takeover failed. Can someone translate? ............."Are you Manchett in dis-guise"  |
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Post by pwoodstone on May 22, 2024 18:55:36 GMT
It’s in there as an option but no serious investor would go for it. You’d be buying a club without the asset. The name and a lot of the costs whilst paying rent or leasing the pitch from the other company. It just leaves it open to disaster at some point.
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Post by Benny on May 22, 2024 19:13:33 GMT
One thing is for certain, after what happened last time nothing will be announced until contracts have been signed.
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Post by exiled on May 22, 2024 19:17:10 GMT
Think the devil is in detail here quote divesting the club whilst maintaining the freehold of the ground end quite Thus means expecting new investors to put up money without sureties on the ground whilst taking an income from non football activities no one will invest on that basis completely dead in the water and the main reason that the Manchet takeover failed. Can someone translate? ............."Are you Manchett in dis-guise" |
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Post by Raymondo316 on May 22, 2024 19:26:38 GMT
It's quite simple,sell the club and let someone pay for the day to day running of it whilst keeping the money making ground to recoup the £3-4 million investment. Good luck finding someone who will happily spend millions doing the ground up and investing money into the squad so we can progress, why Terry & Oliver retain ownership of the stadium. No one is going to spend a fortune doing the ground up when they don't even own it. Any potential owners would see not owning the stadium as a problem that would stop any of their plans for progression. In years to come, If said new owner/owners were in a position to get us promoted to the EFL, I can't imagine Oliver or Terry would want the pitch ripped up and losing the income they would be making from it. Its honestly a non-starter, any new owner/owners would want complete ownership of the stadium. |
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