Re: Annual Running Costs
Posted: Mon May 30, 2011 9:40 am
How long is a piece of string .......
I think its longer than we think :o
I think its longer than we think :o
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Whilst I'd agree an analytical breakdown isn't possible, some interpretation of KC's ball park figure is needed to try to get an consensus of whether the total debt is huge or extremely huge ;)Trek wrote:I reckon nobody, including the Beasants, knows the true extent of the Club's current debt so it's pointless fans trying to do an analytical breakdown of KC's ball park figure.
Has the Trust attempted to get a breakdown of KC's figure to find out what's included?Formic wrote:
Whilst I'd agree an analytical breakdown isn't possible, some interpretation of KC's ball park figure is needed to try to get an consensus of whether the total debt is huge or extremely huge ;)
No mention of it at the meeting last week, although Helen did go through all of the running costs (going by the previous season's figures) which gave us an idea of what might have contributed to the debt.Trek wrote:Has the Trust attempted to get a breakdown of KC's figure to find out what's included?Formic wrote:
Whilst I'd agree an analytical breakdown isn't possible, some interpretation of KC's ball park figure is needed to try to get an consensus of whether the total debt is huge or extremely huge ;)
Mac posted this earlier in the thread. Personally I do not have a clue what the value of the land is. It is clearly a big site and would be worth a few pounds as industrial/retail. As a football club not so productive unless it was all used to extract every last penny which is not happening at moment.mac wrote:Surely KC debt is only that since the Beasants took over IE ground rental as I assume he obtained the ground and land estimated worth £10-20 million in exchange for debts, or has he obtained it for nothing if he still requires his loans repaying .As the largest creditor by far according to himself, do we know what they relate to and what reason is there for him not standing by his offer to write off his loans when he sold out.Our position although grim may look a lot different if we knew what percentage of the £750,000 is owed to KC
I personally think that there is limited value in the land that KC has acquired. As we know there is extant planning permission for a hotel which will expire in the next year or so and for one reason or another KC has mothballed his plans. I can't see the remaining land at the rear being much use for industrial and/or retail as the local authority will not be anxious to permit further development of this nature in that location. Don't forget HSBC Developments had planning permission and grand plans for a leisure complex north of Diamonds Way. Once again this scheme hit the buffers and a safer option as a Hospital Outpatients building has been developed.smiffy428 wrote: Mac posted this earlier in the thread. Personally I do not have a clue what the value of the land is. It is clearly a big site and would be worth a few pounds as industrial/retail. As a football club not so productive unless it was all used to extract every last penny which is not happening at moment.