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Post by markovitch1928 on Apr 26, 2024 17:14:14 GMT
If that's true then the money is a loan. If they are loans they have broken the spending limits
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Post by munchymagic on Apr 26, 2024 17:41:32 GMT
I read not too long back that The Wrexham owners have simply loaned the football club the money to build the club back up and are wanting the money back. When that's called in they'll be back to where they were if there's a club left t all. They are only doing it to get the land so as they can sell it to housing developers
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Post by northernsoul on Apr 26, 2024 19:16:38 GMT
I.m pretty sure the club was Trust owned and on the condition they invested 10 million over 5 years they got it for virtually nothing.
Then once the five years are up they are free to sell it and take the profit but the trust retain the right to veto any sale they are not happy with.
The way the deal was set up is whats caused them a problem with the financing of the building of the new stand when they failed to get most of the cost of the project in the form of one of them Government schemes [ Similar to Blackpool ] and its said the delay new is theyre now simply waiting to re apply in the next round of funding having gone running to the right MP.s.
This could turn out to be one hell of a deal for the Yanks as if they can get them established in the Championship with a sold out 20k stadium they could quite easily be valued and sold for the best part of 100 million. A Nice Little Earner.
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Post by markovitch1928 on Apr 27, 2024 8:47:37 GMT
Morecambe missed wage payments again.
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Post by happyblue on Apr 27, 2024 9:10:52 GMT
I.m pretty sure the club was Trust owned and on the condition they invested 10 million over 5 years they got it for virtually nothing. Then once the five years are up they are free to sell it and take the profit but the trust retain the right to veto any sale they are not happy with. The way the deal was set up is whats caused them a problem with the financing of the building of the new stand when they failed to get most of the cost of the project in the form of one of them Government schemes [ Similar to Blackpool ] and its said the delay new is theyre now simply waiting to re apply in the next round of funding having gone running to the right MP.s. This could turn out to be one hell of a deal for the Yanks as if they can get them established in the Championship with a sold out 20k stadium they could quite easily be valued and sold for the best part of 100 million. A Nice Little Earner. Part of the value is in my opinion Ryan Reynolds, they have become popular amongst hipster. Some will remain but I don't think they will get to the level that they expect ,in league 1 they will finally start to face teams who are on par financially and in the championship will be blown out the water. Ryan Reynolds is a very very man , but still nothing compared to the majority of championship owners, although with the new Deadpool he's probably about to added another £20/30 Million to his pockets .
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Post by gob Bluth on Apr 27, 2024 9:16:03 GMT
I.m pretty sure the club was Trust owned and on the condition they invested 10 million over 5 years they got it for virtually nothing. Then once the five years are up they are free to sell it and take the profit but the trust retain the right to veto any sale they are not happy with. The way the deal was set up is whats caused them a problem with the financing of the building of the new stand when they failed to get most of the cost of the project in the form of one of them Government schemes [ Similar to Blackpool ] and its said the delay new is theyre now simply waiting to re apply in the next round of funding having gone running to the right MP.s. This could turn out to be one hell of a deal for the Yanks as if they can get them established in the Championship with a sold out 20k stadium they could quite easily be valued and sold for the best part of 100 million. A Nice Little Earner. Part of the value is in my opinion Ryan Reynolds, they have become popular amongst hipster. Some will remain but I don't think they will get to the level that they expect ,in league 1 they will finally start to face teams who are on par financially and in the championship will be blown out the water. Ryan Reynolds is a very very man , but still nothing compared to the majority of championship owners, although with the new Deadpool he's probably about to added another £20/30 Million to his pockets . You’d imagine Reynolds & the other owner will have a strong network of high net worth’s & private equity that they can tap into when it’s time to bring in extra capital
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Post by heyheyalanshoulderl on Apr 27, 2024 9:21:04 GMT
In 2020, Reynolds sold his ownership stake of Aviation Gin to Diageo as part of a $610 million deal. He also sits on the board of the Match Group. As of 2023, his net worth is estimated to be $350 million.
The other one is worth 'only' $50m
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Post by happyblue on Apr 27, 2024 11:06:29 GMT
In 2020, Reynolds sold his ownership stake of Aviation Gin to Diageo as part of a $610 million deal. He also sits on the board of the Match Group. As of 2023, his net worth is estimated to be $350 million. The other one is worth 'only' $50m Which is still nothing In the championship In which their are 11 owners who are estimated to be significantly richer , and 4 in league 1 (of known wealth)
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Post by happyblue on Apr 27, 2024 12:17:34 GMT
Isn't it quite scary that In football terms $50 million would be nothing, to put it into context if we're spending £5 million on the ground , £5m on training ground , increasing budget by around £1.5 m there £11.5m which is nearly $15m
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Post by heyheyalanshoulderl on Apr 27, 2024 12:59:46 GMT
Isn't it quite scary that In football terms $50 million would be nothing, to put it into context if we're spending £5 million on the ground , £5m on training ground , increasing budget by around £1.5 m there £11.5m which is nearly $15m It is a different world
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