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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 1123810 times)
Peter Venkman
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« Reply #1590 on: Friday, March 18, 2022, 12:34:12 »

You could well be right mate, I am not up to date on the Trust things but I know Jan is.

It does make sense though.
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« Reply #1591 on: Friday, March 18, 2022, 12:38:08 »

I am probably entirely wrong, but the impression I got from the Councils Committee Report was that the Eady money is going to fund the purchase in some way, however, I had interpreted that as being a short term bridging payment to cover the fans contribution to the purchase cost which will then be repaid by the Trust via their fans programme and the Eady money ultimately used for the wider improvement scheme?

From that report...

'It is proposed that funds for the stadium purchase will be supplied to the JV by the Trustees of the late Nigel Eady, who was a lifelong supporter of STFC and left a substantial trust fund to benefit the Club. The process of transferring the required funding is understood to be complicated. In the event that for any reason the funding is not made available by the Trustees, the funding will be provided by the Club and guaranteed by the Club Chairman.'

But as I started this could just be me bollocking up interpretation!

I read it as the NE money was funding both the club and fan's share of the money (so will cover 100% purchase) so neither side will have to pay anything for the stadium ?
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chalkies shorts

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« Reply #1592 on: Friday, March 18, 2022, 13:14:42 »

I read it as the NE money was funding both the club and fan's share of the money (so will cover 100% purchase) so neither side will have to pay anything for the stadium ?
If that's the case then if I was the Nigel eady executors I'd insist on owning the ground. Be a benevolent landlord.
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« Reply #1593 on: Friday, March 18, 2022, 13:23:00 »

Quote from: chalkies shorts
If that's the case then if I was the Nigel eady executors I'd insist on owning the ground. Be a benevolent landlord.

if imagine the same has only been agreed on the understanding it's a community joint venture whatsit.

if the Eady trust can't do it (with presumably good reason) it's plan B and Clem puts it in
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china red

« Reply #1594 on: Friday, March 18, 2022, 16:28:35 »

Bet Pee Lower tried many times to get that money
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horlock07

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« Reply #1595 on: Friday, March 18, 2022, 16:37:22 »

If that's the case then if I was the Nigel eady executors I'd insist on owning the ground. Be a benevolent landlord.

I suspect it entirely depends on the Trust has been set up, there may be reasons why they can't do that.
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Oaksey Moonraker

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« Reply #1596 on: Friday, March 18, 2022, 16:41:41 »

It would be the ultimate legacy of the Nigel Eady Trust to acquire the ground.

I just wonder how that plays out with getting the supporters trust members to fund as how many will buy their £19.69 shares if the ground purchase is paid for already compared to if the money wasn't there?
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« Reply #1597 on: Friday, March 18, 2022, 16:46:22 »

isn't there a minimum number of people needed to sign up?
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Wobbly Bob

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« Reply #1598 on: Friday, March 18, 2022, 16:59:08 »

2,300 needed to sign up.
Assuming that these FAQ's are still valid.

https://truststfc.tv/previous-faq-related-to-cg-purchase/
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fuzzy

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« Reply #1599 on: Friday, March 18, 2022, 17:28:14 »

That'll be 2,299 then as I'm ready.
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Samdy Gray
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« Reply #1600 on: Friday, March 18, 2022, 18:44:59 »

I might have missed it, has there been any speculation on who the other party is providing 50% of the money to the Trust?
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Berniman
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« Reply #1601 on: Saturday, March 19, 2022, 17:07:02 »

Yeah that is the figure quoted in the Adver a couple of years ago.

Advert article Feb 2019.
I am sure I heard that it would not go towards the actual buying of the ground but I could be wrong on that, I am sure Jan can enlighten you/us on that.

Don't forget that £500k (I think) went towards Foundation Park..
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JBZ
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« Reply #1602 on: Saturday, March 19, 2022, 17:24:12 »

I hope that we don't get to the stage where this thread is renamed "new beginnings - false start".
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Legends-Lounge

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« Reply #1603 on: Saturday, March 19, 2022, 19:20:42 »

I hope that we don't get to the stage where this thread is renamed "new beginnings - false start".

It won’t if you refrain from starting it.
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4D
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« Reply #1604 on: Sunday, March 20, 2022, 09:17:01 »

I hope that we don't get to the stage where this thread is renamed "new beginnings - false start".

Your avatar is apt.
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