Economic effect on building of new ground

[shrimpfan]

In these uncertain financial times how hard is it getting to be to borrow the money for our new ground. A big sponsership deal must be harder to get in the future with no rbs. Seat for life?? hard to get a mortgage for a house let alone an unbuilt football ground. Starting to worry about Fossetts, lets hope we get good news soon to dispel fears in the economic meltdown.

 

[Interpol Shrimper]

It's HBoS that got swallowed up, not RBS.
I'm sure Ron has it all in hand, although I'm a bit worried about the Morgan Stanley might have issues stories coming out of the US - seeing as that was who Ron met in Manhattan a few weeks back!

 

[sufccolchester]

It's HBoS that got swallowed up, not RBS.
I'm sure Ron has it all in hand, although I'm a bit worried about the Morgan Stanley might have issues stories coming out of the US - seeing as that was who Ron met in Manhattan a few weeks back!

They are one of the few banks that doesn't have a head count freeze at the moment. We are already placing the Lehmans people with them and Goldmans. I'd be very surprised if they go too.

 

[Interpol Shrimper]

They are one of the few banks that doesn't have a head count freeze at the moment. We are already placing the Lehmans people with them and Goldmans. I'd be very surprised if they go too.

Morgan Stanley or RBS?

 

[sufccolchester]

Morgan Stanley or RBS?

Morgan Stanley

 

[shrimpfan]

It's HBoS that got swallowed up, not RBS.
I'm sure Ron has it all in hand, although I'm a bit worried about the Morgan Stanley might have issues stories coming out of the US - seeing as that was who Ron met in Manhattan a few weeks back!

yeh but is it harder by the day to borrow the money. i dont know how the city and money markets work.????

 

[cockles is back]

listen as you have all said before weve got nothing to worry about, with the new stadium being built, the news since weve got the green light has been deafening, but hey my glass is nearly empty you know that its all systems go go go remember


if you had a large family to support and you dreamt of selling your house to build a new one, surely you would make sure you had the finances to do that before you brought the land and sold your existing house........ just a thought?

 

[Hotman]

listen as you have all said before weve got nothing to worry about, with the new stadium being built, the news since weve got the green light has been deafening, but hey my glass is nearly empty you know that its all systems go go go remember


if you had a large family to support and you dreamt of selling your house to build a new one, surely you would make sure you had the finances to do that before you brought the land and sold your existing house........ just a thought?

very good point

 

[Cricko]

[/B]very good point

I don't think it is a very valid point to be honest.Nobody even the big bosses of world wide banks ever imagined that the economic climate would change so dramatically within 12 months.I would of thought the finances were in place at the time of commitment to FF, but things are different now. The Old house is not sold yet as the finance for the new house is apparently not in place yet. It must be kinda tough finding finance at the moment don't you think?

 

[Hotman]

It must be kinda tough finding finance at the moment don't you think?

If you are not a good risk, then yes. But the business plans I've put together recently for clients have been waved thorugh, albeit at a slightly higher rate becuase of libor fluctations.

at the end of the day, RM / MD plc have sufficient security for the funding, so can't see an issue. Banks need to lend to survive, HSBC (cash rich) are mopping up good risk at the moment

 

[leeblue]

when building work starts I will be satisfied as to when that will be?..............I am concerned to say the least

 

[graysblue]

FF looks a dead duck at the moment.

last year banks were throwing cash at each other,now its gone proper pete tong.

will the funds ever be available??


time will tell

 

[Andyhsufc]

(Not that i have a clue about the banking industry!) but I thought that banks were just tightening up their lending criteria and not giving out money recklessly as was done in the past. I cant see why the banks wouldnt lend us money as we are a stable club with decent finances and would have decent collateral to put up against the loan

 

[Hotman]

barrettisalegend - agree

 

[Irate Ian]

If you are not a good risk, then yes. But the business plans I've put together recently for clients have been waved thorugh, albeit at a slightly higher rate becuase of libor fluctations.

at the end of the day, RM / MD plc have sufficient security for the funding, so can't see an issue. Banks need to lend to survive, HSBC (cash rich) are mopping up good risk at the moment

Interesting comments Carl.

From someone in the trade, any idea why the need to seek funding in the US, apart from the indication that Morgan Stanley have specialist funding for sports stadia ?

 

[Hotman]

Interesting comments Carl.

From someone in the trade, any idea why the need to seek funding in the US, apart from the indication that Morgan Stanley have specialist funding for sports stadia ?

Unfortunately Ian I haven't researched the finances of MD plc, perhaps gearing there could be an issue - my advice previously to businesses was to have gearing at an optimal level due to cost of capital, that level has dropped in my eyes due to business risk.

Also don't deal with plans of this size, although have a fair idea of what happens. I would guess that the creative specialist funding is to attain better rates on other areas of financing (banks not wanting all the eggs in their basket).

Much smaller and simpler scale - a gym has recently attained the financing I wanted pre credit crunch, purely because they leased their equipment rather than purchased, hence lowering overall risk on the project - this would have been a decisive factor in the funding.

 

[shrimpfan]

Interesting comments Carl.

From someone in the trade, any idea why the need to seek funding in the US, apart from the indication that Morgan Stanley have specialist funding for sports stadia ?

+bringing a new financial advisor onto the board.

 

[Hotman]

+bringing a new financial advisor onto the board.

would have imagined ray osbourne had all bases covered for the expertise required

 

[shrimpfan]

would have imagined ray osbourne had all bases covered for the expertise required

also have ex banker derek wilshire on board more the merrier????? you can never have enough experts on board.

 

[Hotman]

i'd be happy to lend them a hand, i'd even throw in a few discriminatory jokes to liven the meetings up