Supa Shrimpa
Director⭐
- Joined
- Jan 19, 2009
- Messages
- 4,158
Exactly ! I still can't see how his plan leaves SUFC in a sustainable position going forward. Where is the income to repay the rent ? Will there be a formalised contract, so that the rent will remain at the figures he's quoted ? Ron's already said nobody would want to buy the club without the property, so where does it leave us ?Why is that in the back of your mind? Ron has already said he'll own the stadium and SUFC will be charged rent. He also said it won't be paid, but if it is being charged and not paid then it will appear as a creditor on the balance sheet so that if anyone wants to buy the club in the future then they'll have to settle that at some point.
If he's not prepared to give the stadium to the club after the millions he stands to make you can rest assured he'll expect any prospective new owner to settle that debt.
I have no issue with Ron making a return on his investment, but he seems to want to squeeze every last drop even if it means leaving the club with no assets and a mounting "rent debt".
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