New beginnings - 25% Truth, 80% Bollocks

[The Artist Formerly Known as Audrey]

Sponsors?

[Riddick]

Im still keen to find out how we can afford to redevelop the ground when everything else at the club is run on an absolute shoestring at the moment.

Investing in the ground is essentially increasing your assets value, so always easier to fund that.

[The Artist Formerly Known as Audrey]

‘ Funding generally is provided by some, or all, of the following sources: borrowings, capital contribution by the shareholders/owner of the club, and the monetarisation of the asset itself in the way of naming rights and commercial tie ins.’

[horlock07]

Im still keen to find out how we can afford to redevelop the ground when everything else at the club is run on an absolute shoestring at the moment.

I suspect you have answered your question there...

More seriously, borrowing which now they own it can be secured against the ground and paid back from future earnings. Pretty typical for development projects, albeit made somewhat harder over the last few months.

[The Grim Reaper]

Im still keen to find out how we can afford to redevelop the ground when everything else at the club is run on an absolute shoestring at the moment.

We operate very much like a non league club to be honest. Whats with the club shop being open 10-4 so that those of us that work have no option to call in before or after work. Can’t believe that the week new kit launches and season tickets ready to collect the club shop shut on a Saturday morning. As someone with many years of retail management in a previous life I find the retail side of the club very poor all around.

[Batch]

Thanks for confirming the shop is shut. I won't bother on my way home now.

Shoestring in many ways. But I suppose it'll be open for our friendlies

[Jimmy HaveHave]

Maybe the club should have a stall outside Supermarine on Wednesday!

[The Artist Formerly Known as Audrey]

Im still keen to find out how we can afford to redevelop the ground when everything else at the club is run on an absolute shoestring at the moment.

The other thing to consider is how other clubs manage it. We’re in a no worse financial position than many other clubs that have redeveloped.

[STFC_Manc]

I thought there was a legal timescale for work to begin, otherwise the CG reverts back to SBC

I believe that works has to start on a project of at least £1m within 3 years or the council can buy the CG back.

[RobertT]

On funding the development, a good starting point is the legal separation created with the Managing Company, as well as it being a joint venture.  Means the risk of loaning a football club money is minimised.

Capital investments are always fundable - just depends on the terms and the long term affordability.

[horlock07]

I believe that works has to start on a project of at least £1m within 3 years or the council can buy the CG back.

Which I can never see happening, just imagine the optics of a financially pressured local authority spunking a few million on a Football ground, the political fall outs would be hilarious.

[DMC]

We operate very much like a non league club to be honest. Whats with the club shop being open 10-4 so that those of us that work have no option to call in before or after work. Can’t believe that the week new kit launches and season tickets ready to collect the club shop shut on a Saturday morning. As someone with many years of retail management in a previous life I find the retail side of the club very poor all around.

We operate the same as most other league 2 club 

[Bob's Orange]

We operate the same as most other league 2 club  

Out of interest, I googled 7 other league 2 clubs at random - Salford, Bradford, Stockport, Harrogate, Notts County, Grimsby and Wimbledon.

I'm relying on the accuracy of Google so it may not be right, but only Grimsby appear to have their club shop closed on a Saturday.

[swindonmaniac]

We operate the same as most other league 2 club 

What ?,  on a shoestring ?.

[horlock07]

What ?,  on a shoestring ?.

No a G string...