bigfatronssba
Well-Known Member
So basically he is saying RBC released false information on a FOI?
SCG Meeting (9 Viewers)
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So basically he is saying RBC released false information on a FOI?
skybluetony176
Well-Known Member
I know my local councillor a little (Richard Dodds) I'll be sure to ask him next time I see him why RBC have lied on FOI's
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Grendel
Well-Known Member
The answer will be it will be co funded by business development partners.
This is why they claim to be interested in a 60 acre site. So this means that they will be funded by developers who in turn will make a return from it.
Other clubs are building new stadiums and what fisher should really be asked is why clubs like Scunthorpe seem to have a far quicker timeline.
In this league Ffp doesn't take interest rates into account.
dongonzalos
Well-Known Member
Great thanks for that now any chance of answering the questions I asked. Which apparently have been answered a million times?
Thought not
Grendel
Well-Known Member
Eri I did answer - the debt will not increase and interest payments aren't a part of FFP
skybluetony176
Well-Known Member
Which business development partners are these? Have they confirmed they have an agreement with anyone?
Grendel
Well-Known Member
No - but Don seems to know costs - best speak to him.
skybluetony176
Well-Known Member
I wasn't asking about the costs. I was asking about the partners you've apparently heard about a million times.
torchomatic
Well-Known Member
Grendel
Well-Known Member
What are you on about?
Don keeps asking how the cost of the stadium would help as its all added onto the debt. I have stated the theoretical model would be not to add debt big to get developers to fund through sake of retail land as per the Ricoh.
That's the theory
One things for sure - the club needs someone to make it happen or we are dead
Sky Blue Kid
Well-Known Member
You don't mean to say you think Grendel is(Dare I say it)..........Guessing/Estimating?....*runs away laughing*
torchomatic
Well-Known Member
Everyone who states that finance for the new stadium will be A, B or C is guessing or estimating, aren't they?
Grendel
Well-Known Member
No I'm answering the question for don. Sisu aren't building a stadium anyway.
I think they are!
skybluetony176
Well-Known Member
Which sort of brings us back to Dons original point. Where's the business plans? We haven't seen either the plan's for the development or the business plans to achieve it. All we've had is a generic drawing and Mr Fisher saying "that will work".
torchomatic
Well-Known Member
True. But we also have people saying "it won't work". Personally, won't believe it until a shovel hits the soil, but who knows? Not me or you.
Grendel
Well-Known Member
No they are not.
If you look at other clubs who are seeking to develop they are typically taking two years to construct.
York, Scunthorpe and Bristol rovers have sites and construction plans in place.
Sisu have a strategy to bid for what they cannot get and for too much average. The plan is so transparent a blind man can see it for the charade it is.
Tell me RFC what convinces you of this?
dongonzalos
Well-Known Member
The debt won't increase? So other organisations are going to pay for the whole project?
You will find that is not correct and our debt will increase. So we need to get an idea roughly of how much?
The interest is not considered in SCMP? However it is in FFP. So if we are promoted which presumedly is the aim. We need to know how much interest will we be charged in comparison to the increase in revenue we receive ?
Grendel
Well-Known Member
No a separate construction company would build the stadium - a similar strategy to other new builds.
What I fail to see is why you keep dragging this tiresome issue up. It legitimises the new stadium idea - I see fisher has piped up and said what I have just said.
It's not happening so who cares?
Worryingly though you seem to not get it needs to happen for long term survival.
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dongonzalos
Well-Known Member
Are they going to soley fund it or will we partly fund it?
We will be partly funding our debt will go up, we need to know by how much.
dongonzalos
Well-Known Member
No you do apparently as it's been answered a million times I am just asking what that is and as expected you don't know,
So the question is very important
Grendel
Well-Known Member
See my edited post. No funding at all but it's not happening anyway so why carry on?
dongonzalos
Well-Known Member
Exactly so we need to club who are apparently doing it to give us some figures and what the end game is.
Grendel tried to make out we already know and have been told a million times. when clearly when asked to give the answer he can't
Grendel
Well-Known Member
Exactly so we need to club who are apparently doing it to give us some figures and what the end game is.
Grendel tried to make out we already know and have been told a million times. when clearly when asked to give the answer he can't
Fishers answered it on another thread!!! Christ.
dongonzalos
Well-Known Member
Grendel you really don't understand it do you
"The financing will be a mix of equity and debt. As a ground share requirement for the Football League we have had to show how the new stadium might be financed and included the accompanying proof of funding. "
Who takes the debt part of that formula Grendel.?
Just to make it easier on you......
The answer is us, now the question I am asking is how much additional debt and what additional interest rate to the growing debt and interest we currently have.
Also when we supposedly get promoted will that massive interest outweigh the increase in revenue we get in comparison to now. Should we not be trying to throw more at trying to buy more accessfrom ACL now instead
Read more at http://www.ccfc.co.uk/news/article/new-stadium-questions-1245952.aspx#wYvDMoyjKx0k8jjv.99
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dongonzalos
Well-Known Member
To prove its not viable or feasible so we can get on with
Selling up
Brokering a deal with wasps
Or
Go for broke and spend the same amount of the new stadium cost on players and sell just before the Prem. Or after one season in it.
Rather than sitting here listening to unrealistic ideas hoping wasps will go broke or a judge will change their mind.
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skybluetony176
Well-Known Member
Did he mention the highways and environment agencies replies as well or did he not want to embarrass them either
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letsallsingtogether
Well-Known Member
So they are not building a new Stadium?
Well surely they then need to do a better deal with the Wasps, maybe see if they can bring in extra revenue to the Ricoh to which they could have a 50% cut,
it would be beneficial for both sides as the revenue would come in handy for both Teams.
They need to take the bull by the horns speak to the Wasps and make some deals where they work together after all the better the Ricoh does the less they could charge CCFC in Rent?
D
Deleted member 5849
Guest
I'd rather they left and let someone build a stadium properly...
letsallsingtogether
Well-Known Member
So would we all but come on 60 million just to buy the current team and get the Golden share!!! Then the Millions to build a new Ground and rebuild the shocking team we have wow not much change from £100 million for a league 1 or maybe 2 team, God forbid you could get the Villa for less then that.
rupert_bear
Well-Known Member
Never mind the fucking new stadium, just ask whoever is there be it Waggott or Fisher, representing the club what do they intend to do NOW to help Tony Mowbray ensure our division one status. This squad will take us down I fear Mowbray or not.