| Brum in trouble 19:40 - Mar 31 with 1590 views | toboboly |
What could possibly go wrong here?
https://mobile.twitter.com/KieranMaguire/status/1377296791843012608
"Birmingham City owners sell the stadium for £10.8m to company in British Virgin Islands and rent it back for 12 years at £1.25m per year. "
Doesn't seem very much. [Post edited 31 Mar 2021 19:41]
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| Sexy Asian dwarves wanted. |
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| Brum in trouble on 19:42 - Mar 31 with 1565 views | LongsufferingR |
Maybe they could ground share at Coventry? |  | | |
| Brum in trouble on 20:05 - Mar 31 with 1470 views | TGRRRSSS |
Seems a hell of a lot for that shite hole area |  | | |
| Brum in trouble on 10:19 - Apr 1 with 1155 views | Ashdown_Ranger |
With a base rate of 0.1%, that's a very high interest rate - a £10.8m loan, paying back £15m over 12 years!
Suspect a few backhanders in the form of 'arrangement fees' getting paid along the way... |  | | |
| Brum in trouble on 10:38 - Apr 1 with 1102 views | Konk |
This is happening increasingly. Not sure how you could enforce it, but there ought to be a rule that clubs can’t play in the league unless they own their own ground or rent it from a local authority. Can see a few clubs owners cutting their losses a few years down the line, and just building on a club’s stadium as with Archer at Brighton, and various non-league clubs. On the valuation front - should have gone to the same estate agents as Derby.
EDIT: The law of unintended consequences. FFP was ostensibly introduced to stop clubs overspending and putting their existence at risk, but we’re now seeing a situation where a clubs biggest, and often only real asset - its ground - is increasingly being taken out of club ownership to mitigate FFP overspends. What a mess. [Post edited 1 Apr 2021 10:45]
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| Fulham FC: It's the taking part that counts |
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| Brum in trouble on 10:42 - Apr 1 with 1089 views | BrianMcCarthy |
| Brum in trouble on 10:38 - Apr 1 by Konk |
This is happening increasingly. Not sure how you could enforce it, but there ought to be a rule that clubs can’t play in the league unless they own their own ground or rent it from a local authority. Can see a few clubs owners cutting their losses a few years down the line, and just building on a club’s stadium as with Archer at Brighton, and various non-league clubs. On the valuation front - should have gone to the same estate agents as Derby.
EDIT: The law of unintended consequences. FFP was ostensibly introduced to stop clubs overspending and putting their existence at risk, but we’re now seeing a situation where a clubs biggest, and often only real asset - its ground - is increasingly being taken out of club ownership to mitigate FFP overspends. What a mess. [Post edited 1 Apr 2021 10:45]
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Agreed. I know some rules are popular and some aren't - do we give Liverpool and Man Utd one dodgy penalty per game or two, for example - but surely we can all agree on a rule that grounds can't be sold independently. |  |
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| Brum in trouble on 11:51 - Apr 1 with 928 views | cyprusmel |
Give thanks for owners who are prepared to pump in a million pounds a month to keep our club afloat. |  | | |
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