Trust look to buy the CG

[Wobbly Bob]

Eady Trust covered the full purchase cost didn't they?

£2.3m

[RobertT]

This may have been covered but does anyone know the actual breakdown of the purchase of the CG from the SBC

I know the Eddy trust were involved with funds., 50% now trust share??

I am sure he must have, but did Clem actual put hard cash into the pot as well? Again 50% of the asking price?

Eady paid for the whole thing, Clem got 50% of the ground gratis.  he also got a 50% write down in the ongoing Lease costs per annum and a new lease period of 250 years.

[Audrey]

Wow! I always thought Clem paid his share.

So he got the CG share for free and the club for £212,500. Maybe he’s not such a business schmuk after all.

[Peter Venkman]

Wow! I always thought Clem paid his share.

TBH so did I until I spoke to Batch about this very thing 2 days ago.

No idea why but I thought the club (Clem) put up half the money.

[RobertT]

https://www.swindon.gov.uk/news/article/874/football_club_completes_county_ground_purchase

[RobertT]

Wow! I always thought Clem paid his share.

So he got the CG share for free and the club for £212,500. Maybe he’s not such a business schmuk after all.

He got the remaining share of the business for 212k - he had already paid 1.2m for the first 15%.  In return he picked up a small wedge of debt, including the Debentures.

[Wobbly Bob]

I'm sure that the Eady Trust would have done proper due diligence on Clem & his intentions (without just taking Trust STFC's word on things) before parting with the cash.

That could be a decent indicator that Clem might not be a "wrong un". Said he awaiting bucket of cold water.

[Audrey]

What’s always confused me is that when the Power sells to Able shenanigans came up - which I believe was £7.5m - Clem said he was prepared to better that amount - obviously at the time unaware of pre emptive rights. So he must have had access to that sort of money.

He must still be quids in even after paying off debts compared to what he was prepared to buy the club for.

[Quagmire]

What’s always confused me is that when the Power sells to Able shenanigans came up - which I believe was £7.5m - Clem said he was prepared to better that amount - obviously at the time unaware of pre emptive rights. So he must have had access to that sort of money.

He must still be quids in even after paying off debts compared to what he was prepared to buy the club for.

I think the last few weeks have showed Clem likes to tell a lie or 2.
I would be amazed if Clem would have bought the club for even close to that amount.

[horlock07]

I'm sure that the Eady Trust would have done proper due diligence on Clem & his intentions (without just taking Trust STFC's word on things) before parting with the cash.

That could be a decent indicator that Clem might not be a "wrong un". Said he awaiting bucket of cold water.

There is this, if some of the suppositions on here are correct then the Eady Trust have been taken for fools, yet the limited stuff in the public domain about them to date suggests that this is not the case, albeit a lot is based upon very limited knowledge (if any) of what due diligence they did and what legal paperwork there is in place between the Eady Trust, the Club and Trust. If nothing else it would be quite interesting to see the Title for the County Ground site now. 

[horlock07]

Looks like Wrexham's new stand isn't going to be ready anytime soon, not for next season at least.

Looks nice though.

[Peter Venkman]

Would love the Town End to be a 5,000ish seater like that if our ground ever gets redeveloped. Thats basically the same capacity as the DRS is.

[RobertT]

There is this, if some of the suppositions on here are correct then the Eady Trust have been taken for fools, yet the limited stuff in the public domain about them to date suggests that this is not the case, albeit a lot is based upon very limited knowledge (if any) of what due diligence they did and what legal paperwork there is in place between the Eady Trust, the Club and Trust. If nothing else it would be quite interesting to see the Title for the County Ground site now.  

They don't need to have been taken for fools, or even think they were about to be, to do a deal.  They just need the deal to be solid and protect their investment the way Eady wanted it to be.  They were willing, although very hesitant, to discuss options for using the funds with Power.  Given his predilection for making it about him, he never got a deal in front of them they could finance - but he tried and they listened.  IIRC the Training Ground was one of them.

[Bob's Orange]

https://www.swindonadvertiser.co.uk/sport/23821266.swindon-town-progress-made-county-ground/

[Legends-Lounge]

From the so far one and only SA mouthpiece The Jockster..

For me it’s a no brainer what to do first -a dozen executive boxes in the DR. The revenue from those would fund other projects. It’s a difficult one because the construction costs wouldn’t be cheap and to fund that continued success n the pitch is essential in my opinion.

Here come the arseholes v Opinions. Not how I’d do it if it were up to me, however, it will be down to £’s out v £’s in. In my mind the afore mentioned opinion appears to have not taken into account where those displaced fans are going to sit. Many in prime positions. In fill the vacant DR seats or shove ‘em over to the JT stand? If the latter where are you going to put the away fans? On the uncovered bank? I think not. IMHO opinion it is a roof over the bank and proper amenities then develop the TE.