I went for 2 - although 1 is also a factor.
Even if we had super duper trusted owners…
Things I’d want clear answers for:
Do these boxes run alongside the current facilities in the Arkells?
If yes - is there current demand for the extra hospitality? Do we sell out & turn people away currently? Or is the plan the assumption people will turn up in droves because it’s new & shiny?
If no - then how do these new facilities bring in significantly more than the current set up.
What benefits does this bring to the football club?
Currently the only thing I can go on roughly is the 6 year ROI - that’s 500k profit a year, basically 10k a week. How do they plan on having the new facilities make 10k profit every week?
Will any of that extra profit go towards the playing budget? I’d currently assume not - seeing as from my understanding the club currently run at a 2m loss a year. An extra 500k per year just reduced that loss (which Clem funds) to 1.5m a year.
So, all these new facilities add is 3m debt to start with - then after 6 years they reduce the money Clem puts in (also technically debt) to 1.5m a year.
Under current trends that means after the 6 years the debt would be 27m (12m + 3m + [2m a year x 6])
So what are the benefits?
For me, on paper this only works if the development is basically funded purely out of pocket with no pay back. The capital needs to be a gift to the football club in order to make his viable. Clem won’t (understandably) do that. You’d need to Man City money for that.
I could of course be talking absolutely rubbish and / or I’ve missed the answers to my above musings but I just don’t see what the actual benefits are.
Even if the master plan was to do this development with a view to selling up - I’m not sure the new facilities outweigh the extra 3m debt with regards to making the club marketable.
I’d definitely be more inclined to just roll with it under different ownership
Even if we had super duper trusted owners…
Things I’d want clear answers for:
Do these boxes run alongside the current facilities in the Arkells?
If yes - is there current demand for the extra hospitality? Do we sell out & turn people away currently? Or is the plan the assumption people will turn up in droves because it’s new & shiny?
If no - then how do these new facilities bring in significantly more than the current set up.
What benefits does this bring to the football club?
Currently the only thing I can go on roughly is the 6 year ROI - that’s 500k profit a year, basically 10k a week. How do they plan on having the new facilities make 10k profit every week?
Will any of that extra profit go towards the playing budget? I’d currently assume not - seeing as from my understanding the club currently run at a 2m loss a year. An extra 500k per year just reduced that loss (which Clem funds) to 1.5m a year.
So, all these new facilities add is 3m debt to start with - then after 6 years they reduce the money Clem puts in (also technically debt) to 1.5m a year.
Under current trends that means after the 6 years the debt would be 27m (12m + 3m + [2m a year x 6])
So what are the benefits?
For me, on paper this only works if the development is basically funded purely out of pocket with no pay back. The capital needs to be a gift to the football club in order to make his viable. Clem won’t (understandably) do that. You’d need to Man City money for that.
I could of course be talking absolutely rubbish and / or I’ve missed the answers to my above musings but I just don’t see what the actual benefits are.
Even if the master plan was to do this development with a view to selling up - I’m not sure the new facilities outweigh the extra 3m debt with regards to making the club marketable.
I’d definitely be more inclined to just roll with it under different ownership
Should be both really shouldn't it, if we're voting responsibly. The plans should be solid and we should have trust in the owners. You'd definitely give more leeway to owners with a good track record and not a history of lying though, but the plans should still be solid and there should be provisions against just whacking a block of flats on the car park for example.
