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Stadium Redevelopment
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 Rudi Hedman  Caterham 27 Feb 18 1.31pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Yep, the ROI Return On Investment with a new main stand dwarfs any return elsewhere in the ground and it is that that is needed to keep up with 13-14 other clubs in this league, as well as add thousands of seats. If we go down we'll need the whole stand again eventually. It'll be the investors who don't see a return, although I think only £50 mil was invested and ring fenced for this so is the rest borrowed and repayable each year?
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| Eaglecoops CR3 27 Feb 18 1.44pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave My concern about relegation is the US investors selling up and disappearing and then I would imagine the chances of getting the stand completed might diminish somewhat. A lot depends on whether they view Palace as a long term or short term investment, regardless of which league we are in. Only someone close to them will know the answer to the question.
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| Painter Croydon 27 Feb 18 1.48pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Eaglecoops
My concern about relegation is the US investors selling up and disappearing and then I would imagine the chances of getting the stand completed might diminish somewhat. A lot depends on whether they view Palace as a long term or short term investment, regardless of which league we are in. Only someone close to them will know the answer to the question. If your concerned, think about how the US investors money has been ring fenced to finance the stand. So, my understanding would be the money is in the bank, if someone bought them out, then the money would still be there.
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| Eaglecoops CR3 27 Feb 18 1.54pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Painter
If your concerned, think about how the US investors money has been ring fenced to finance the stand. So, my understanding would be the money is in the bank, if someone bought them out, then the money would still be there. No, I agree with you if it has been ring fenced, but to be honest who in their right mind is going to guarantee that sort of money and give away £50m, particularly if they go.
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| Willo South coast - west of Brighton. 27 Feb 18 2.12pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Painter
One of your sensible posts. I don't normally receive compliments - now I have received a backhanded compliment.
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| Rudi Hedman Caterham 27 Feb 18 2.24pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Eaglecoops
No, I agree with you if it has been ring fenced, but to be honest who in their right mind is going to guarantee that sort of money and give away £50m, particularly if they go. They bought into the club with those funds, hence Parish's % share reduced by quite a lot, but monetary share increased. The Americans cannot decide to take their money out unless there's an agreed restructuring or new deal. But the stand could be postponed, the £50 mil stay in the bank (is it £50 mil), so there's no borrowing of £25-£50 mil on the rest of the cost.
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| Willo South coast - west of Brighton. 27 Feb 18 2.24pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Painter
One of your sensible posts. According to Noades he didn't set out to own the ground after he sold the club and he believed that if the ground deal had not been separate city investors would have meant the club losing the ground after the administration.
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| Painter Croydon 27 Feb 18 5.32pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Willo
According to Noades he didn't set out to own the ground after he sold the club and he believed that if the ground deal had not been separate city investors would have meant the club losing the ground after the administration. Noades spin. Why would he care, if he got his money. The man was renowned as a very shrewd operator, he just found a mug with too much money. He kept the freehold as he knew it would go up in value and he was getting a yearly income in the process. He was half the reason we ended up in administration.
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| Willo South coast - west of Brighton. 27 Feb 18 6.14pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Painter
Noades spin. Why would he care, if he got his money. The man was renowned as a very shrewd operator, he just found a mug with too much money. He kept the freehold as he knew it would go up in value and he was getting a yearly income in the process. He was half the reason we ended up in administration. Think Goldberg came up with £23 Mill for the club and that Noades said he would throw in the freehold of the ground as a 5 year package but this never materialised.
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| Painter Croydon 27 Feb 18 6.17pm |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Willo
Think Goldberg came up with £23 Mill for the club and that Noades said he would throw in the freehold of the ground as a 5 year package but this never materialised. A contradiction to your previous post. Could you make your mind up!
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| Lyons550 Shirley 28 Feb 18 8.48am |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by bexleydave
If the worst were to happen (and I sincerely hope it doesn't), where would £100m be better spent? On trying to get back into the PL in the shortest time possible or on a new stand that we couldn't hope to fill in the Championship. It's the same amount of money, whatever label is put on it, and pragmatism may well be more beneficial in the long run. If we lost the likes of Benteke, Wilf and Sako we'd recoup at least £75m...so perhaps not. Parish has stated publicly and on the record that even if we were to get relegated the Stand (if approved) goes ahead.
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| Willo South coast - west of Brighton. 28 Feb 18 9.01am |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Painter
A contradiction to your previous post. Could you make your mind up! I was only reporting what Noades himself had said and it is consistent with what I mentioned. I believe the financials got complex with the club valued at £18 Mill but Noades was advised to sell shares for £10 Mill making the total £28 Mill.I believe Goldberg agreed on £23 Mill but on completion only had £18 Mill so Noades lent him £5 Mill to complete the deal etc etc etc.As I mentioned,the ground sale was part of these negotiations.
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