Board/Fan Relationship

Slaven_Cups_His_Beard

Macca85 said:

Good Point Jorderz

To be honest they always imo knew there was a huge chance of getting the stadium back then, they done there research before they bought the club.
Is was done out of a love for the club I'm sure but to also make money.

Day 1 Sully says they want it and want to rent it, now reading through the recent FOI request on Brady’s responses to the recent LS report ordered by The Mayor, WHU were “approached” by Newham regarding the stadium......

I don’t personally doubt that Dave’s have the clubs interests at heart or that they don’t want it to be successful, but the way they’ve gone about certain things doesn’t sit well with me.

horshamhammer

Jorderz_Moyes_will_be_Moyes said:

They bought us when we were a shambles and in real danger of financial catastrophe.

Back then, if we'd had a guarantee eight years to the day of being a Premier League side with a few good players and a 60,000 seater stadium and a decent, experienced manager who gets players working hard for their shirt, I'd have bitten their arm and shoulder off as well as their hand.

In fact, not sure what fan wouldn't have taken that offer, considering how things were then.

8 years ago they were trying to save an unbalanced squad from relegation in the January transfer window. Doesn't sound like much as changed to me.

Slaven_Cups_His_Beard

All the while undermining the manager at the time, glad to see they’ve stopped that nonsense ;whistle

Whitehorsehammer

8 years ago when they bought the club the Olympic Stadium hadn't even been built.

Slaven_Cups_His_Beard

They were about halfway through building it

Macca85

white
I'm sure they would of however I think the team they have around them would of explored the possibility and it would of made it all the more attractive.
With regards to the 7% interest they get whats wrong with that !!
Does everyone want them to pump over 100 million in and do it for NOTHING come on that's just plain fantasy.

Slaven_Cups_His_Beard

I’m happy for them to make money on their investment in the form of the clubs value.

Right now they bought for around £50m and they put in another £50m to cover the shortfall in relegation which they helped cause and to cover loans to the club, on the second £50m they’re charging interest originally at 7% and just recently 3.5%, that isn’t right in my book and no other PL club where the owners lend money appear to do it.

I’d of rather they took a salary than the £20m arched interest in 2020

Macca85

Lets agree to disagree I feel in certain areas they deserve flak but if they took a salary that would annoy some people.
There in a no win situation however they shouldn't be doing it for nothing that's for sure.

Slaven_Cups_His_Beard

That’s fine ;ok

The value of the club is where they make their profit for me, not interest

Macca85

The only time I'm a critic of the owners is when they are on twitter, the telly or in the paper discussing club business that for me is for the boardroom.
With regards to the promises they made and broke about the stadium well to be honest they sold us the dream to appease us and get us there, it doesn't make it right but its happened and its time to make the best of it.

TwistandShout

Whitehorsehammer said:

8 years ago when they bought the club the Olympic Stadium hadn't even been built.

But they knew it was being built for London 2012. As Slizzy said... On day 1 they said they wanted it!

Macca85

Of course they wanted it and businessmen with that much power and inside info know whether or not they had a very good chance.
Like I said they came here for LOVE and MONEY

TwistandShout

Either way you look at it. In 8 years they've been here.. We're still trying to stay up, still in debt, only now we don't own a stadium.
So pardon me if I'm not their biggest fans ;wink

Pearces_Left_Foot

Slaven_Cups_His_Beard said:

That’s fine ;ok

The value of the club is where they make their profit for me, not interest

Only if they sell, it which they have consistently denied that they want to do and they will pass it on to their kids

baracks_a_hammer

TwistandShout said:

So pardon me if I'm not their biggest fans ;wink

And that’s even before one considers their four year managerial association with “you know who”

TwistandShout

baracks_a_hammer said:

TwistandShout said:

So pardon me if I'm not their biggest fans ;wink

And that’s even before one considers their four year managerial association with “you know who”

I still have nightmares to this day, Barracks ;ok

OldCastleSwift

Somebody call...?

Slaven_Cups_His_Beard

Pearces_Left_Foot said:

Slaven_Cups_His_Beard said:

That’s fine ;ok

The value of the club is where they make their profit for me, not interest

Only if they sell, it which they have consistently denied that they want to do and they will pass it on to their kids

Well then they’ve left them a lovely asset haven’t they, either way the families will probably make money on it

TwistandShout

OldCastleSwift said:

Somebody call...?

baracks_a_hammer

Coming back to the story that they would have bought the stadium but for Levy and co. The question I would ask is HOW would they have funded it? Because right now the transfer pot seems stretched when they haven’t had to pay for a stadium. Would they have injected their own wealth into the stadium?

Because I can’t really lenders lending to an already debt saddled club to fund a stadium when the club itself frequently finds itself in the lower echelons of the Prem, with relegations thrown in every now and then... ;hmm

IronHerb

I guess you take out a mortgage like everyone else.

MrsGrey

And the selling of the Boleyn would have cleared a lot of the debt, making a mortgage more feasible.

imagelost

Like selling you home and then renting, and loaning the money to someone and charging them interest.
Justa ;hmm

Macca85

How would they of funded it with there own money .....

imagelost

The tax payer ;biggrin

Slaven_Cups_His_Beard

baracks_a_hammer said:

Coming back to the story that they would have bought the stadium but for Levy and co. The question I would ask is HOW would they have funded it? Because right now the transfer pot seems stretched when they haven’t had to pay for a stadium. Would they have injected their own wealth into the stadium?

Because I can’t really lenders lending to an already debt saddled club to fund a stadium when the club itself frequently finds itself in the lower echelons of the Prem, with relegations thrown in every now and then... ;hmm

This is a great point, they’ve barely been able to keep the club functioning without the use of payday and overdraft facilities.

How on earth were they going to find the coat of the stadium if they had bought it?

They’ve put money in only when they had to, and then they charged interest.

Cuz1

Probably though the sale of assets

IronHerb

But 'owning' the stadium would make the club more valuable and even a more desirable proposition. By taking payday loans and overdrafts they have shown they are not afraid to borrow external money.

imagelost

How much tv revenue coming
;jarvis

Pearces_Left_Foot

If we owned the stadium I am sure we would have a sponsor by now plus food money tours etc and I think our season tickets would have been more expensive and we might of had 66,000 seats aswell. But ifs all ifs and maybes as we don't own it.