Work started on Revoe sports village

I know it's very easy to spend someone else's money, but if SS does have the money then it would be a bit short sighted to build a basic structure. The only way we can realistically try and compete regularly with clubs that have bigger fanbases than us is by squeezing every last drop of revenue out of the stadium. In that respect, a basic stand wouldn't really be consistent with everything he's done with the stadium so far.
 
1966_and_all_that said:
At the BST AGM on Saturday Ben Mansford reported that the price of the GRW land for the training ground has gone up from the original budgeted value of £7-12m, to £20m. No doubt price rises like this will impact the East Stand programme as well.
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Almost certainly. I imagine SS’s original £40 million budget could end up being £60 million+
 
LA1 Seasider said:
Almost certainly. I imagine SS’s original £40 million budget could end up being £60 million+
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So as @fcblackpool has questioned before. Does anyone know how this TG and east money will affect the club debt? Is it a loan? SS said he'd look to maybe get some or all of it back if possible, if not?
 
JJpool said:
So as @fcblackpool has questioned before. Does anyone know how this TG and east money will affect the club debt? Is it a loan? SS said he'd look to maybe get some or all of it back if possible, if not?
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I think it’s important to remember SS owns the club and properties arm of the club lock stock and barrel. BM and BG confirmed SS has a figure set yearly that he’s happy for the club to essentially lose and that can go on indefinitely in order for the club to operate. To best understand that arrangement would be to see how the financing is accounted for in the club accounts.
SS has zero interest in selling the club at any point. He’s a smart businessman and a very successful businessman who operates in the world of finance and risk.
No smart businessman with that background would EVER get into football seeing it as an opportunity to invest for any sort of financial return. Football is a money pit. That’s just a fact.

The capital investments will also be funded by SS and his family. Ultimately that money will go on the books of either the club or properties arm of the business but the reality is (and SS knows this) there’s almost zero chance of that money ever being fully recouped, especially by a club which operates at a loss. The only chance the club has of making anything like that sort of figure back would be to be successful on the pitch - which will of course require further losses or the benefit of the infrastructure being put in place and the time (during which the club continues to lose money) to develop organically.

Based on simple economic reality it’s pretty clear that when SS says he’d like to get some or all of his investment back, if possible. He means if ever the club make it to the premier league and can become a financially sustainable and profit making entity - again something which can only be achieved through long term success on and off the pitch.

I see no reason to fear whatever structure / form the financial support SS provides for the infrastructure at BR as there’s no feasibly possible reality where any sane person could see the level of investment being made as anything other than essentially writing off the money - barring a sporting miracle.

I’d only really start to worry if the level of yearly losses were at the sort of crazy figures PNE operate at and when the club don’t even own the fruits of their infrastructure investments (PNE also).
 
LA1 Seasider said:
I think it’s important to remember SS owns the club and properties arm of the club lock stock and barrel. BM and BG confirmed SS has a figure set yearly that he’s happy for the club to essentially lose and that can go on indefinitely in order for the club to operate. To best understand that arrangement would be to see how the financing is accounted for in the club accounts.
SS has zero interest in selling the club at any point. He’s a smart businessman and a very successful businessman who operates in the world of finance and risk.
No smart businessman with that background would EVER get into football seeing it as an opportunity to invest for any sort of financial return. Football is a money pit. That’s just a fact.

The capital investments will also be funded by SS and his family. Ultimately that money will go on the books of either the club or properties arm of the business but the reality is (and SS knows this) there’s almost zero chance of that money ever being fully recouped, especially by a club which operates at a loss. The only chance the club has of making anything like that sort of figure back would be to be successful on the pitch - which will of course require further losses or the benefit of the infrastructure being put in place and the time (during which the club continues to lose money) to develop organically.

Based on simple economic reality it’s pretty clear that when SS says he’d like to get some or all of his investment back, if possible. He means if ever the club make it to the premier league and can become a financially sustainable and profit making entity - again something which can only be achieved through long term success on and off the pitch.

I see no reason to fear whatever structure / form the financial support SS provides for the infrastructure at BR as there’s no feasibly possible reality where any sane person could see the level of investment being made as anything other than essentially writing off the money - barring a sporting miracle.

I’d only really start to worry if the level of yearly losses were at the sort of crazy figures PNE operate at and when the club don’t even own the fruits of their infrastructure investments (PNE also).
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"SS has zero interest in selling the club at any point"

How on earth can you state that with such confidence?

The fact is you can't
 
Philbfctrois said:
And you believe everything you are told?

Did you also believe everything Owen Oyston told us?
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Difference being SS hasn’t yet let us down or failed to deliver on anything he’s promised. I tend to give people a bit of respect and the benefit of the doubt until they’ve let me down. I’ve currently no reason to disbelieve SS.
 
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