kentblues
Director⭐
- Joined
- Oct 28, 2009
- Messages
- 9,483
What we actually need first and foremost is an explanation of how the funding released by the stages of the FF development ensures the necessary recapitalisation of the club until we reach the point when the new stadium is open (if only three sides). The point where the club can be sold. Perhaps the ST can push for this as the supporters urgently need reassurance (or more so the staff). In particular, does the first sum initial provided give sufficient recapitalisation or are we reliant on certain of stages being achieved in a timely manner?
He won't sell until this point in the future.
The club won't be allowed to go under before its sold.
PS of course the value of Ron's assets (land for FF and RH) grows/has grown exponentially as the development progresses providing the assets for collateral into the £10s of millions probably. While the land is committed to the development there has long been an agreement, I believe, by which funds could be released against such collateral. Probably based on stages of development hence the problem.
He won't sell until this point in the future.
The club won't be allowed to go under before its sold.
PS of course the value of Ron's assets (land for FF and RH) grows/has grown exponentially as the development progresses providing the assets for collateral into the £10s of millions probably. While the land is committed to the development there has long been an agreement, I believe, by which funds could be released against such collateral. Probably based on stages of development hence the problem.