| How much money would it take to buy ITFC? 05:50 - Mar 26 with 1790 views | harlingblue |
What would you actually buy?
Who owns the Playford Road training area?
How much does our Council put in to support the Club?
Just a few novice questions, but I await answers from more knowledgeable supporters of our club. |  | | |  |
| How much money would it take to buy ITFC? on 06:38 - Mar 26 with 1759 views | HARRY10 |
How much does our Council put in to support the Club?
eh ! ! ! | | | |
| How much money would it take to buy ITFC? on 06:48 - Mar 26 with 1749 views | Benters |
| How much money would it take to buy ITFC? on 06:38 - Mar 26 by HARRY10 |
How much does our Council put in to support the Club?
eh ! ! ! |
Does that show up on the council tax bills? |  |
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| How much money would it take to buy ITFC? on 10:52 - Mar 26 with 1570 views | blueislander |
I think it all depends on how much tax you want to save. | | | |
| How much money would it take to buy ITFC? on 11:08 - Mar 26 with 1551 views | MJallday |
£1
the club isnt worth anything. its circa £100m in debt |  |
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| How much money would it take to buy ITFC? on 11:12 - Mar 26 with 1544 views | blueislander |
| How much money would it take to buy ITFC? on 11:08 - Mar 26 by MJallday |
£1
the club isnt worth anything. its circa £100m in debt |
I guess that is correct. Evans would sell in a moment if he could get the debt to him repaid. No premium on top would be required, so therefore the value of the club is zero. | | | |
| How much money would it take to buy ITFC? on 11:16 - Mar 26 with 1536 views | PhilTWTD |
| How much money would it take to buy ITFC? on 11:12 - Mar 26 by blueislander |
I guess that is correct. Evans would sell in a moment if he could get the debt to him repaid. No premium on top would be required, so therefore the value of the club is zero. |
There's never been any intention that the debt would be repaid, 'loans' are the most efficient way of investing. |  | | |
| How much money would it take to buy ITFC? on 11:22 - Mar 26 with 1518 views | blueislander |
| How much money would it take to buy ITFC? on 11:16 - Mar 26 by PhilTWTD |
There's never been any intention that the debt would be repaid, 'loans' are the most efficient way of investing. |
That isn't the point Phil. If he were to be able to sell, virtually all the sale proceeds would go to him as repayment of the debt. The real question is , how much is he prepared to accept. He surely can't expect anyone to repay him in full at the moment. | | | |
| How much money would it take to buy ITFC? on 11:39 - Mar 26 with 1485 views | Bent_double |
| How much money would it take to buy ITFC? on 11:22 - Mar 26 by blueislander |
That isn't the point Phil. If he were to be able to sell, virtually all the sale proceeds would go to him as repayment of the debt. The real question is , how much is he prepared to accept. He surely can't expect anyone to repay him in full at the moment. |
If someone offered, say £20m right now, he could take that money and put it where his accountants tell him is best (any suggestions??), then walk away knowing that his time here was a failure, but he won't have to 'invest' £6m a year for the next 5 or 10 years. That's someone else's problem.
The only other alternative - if no-one offers what he wants - is to pull all his investment and effectively put the club into admin, but as the owner, not sure how that would benefit him, other than saving the £6m a year he alegedly puts in. |  |
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| How much money would it take to buy ITFC? on 11:56 - Mar 26 with 1448 views | PhilTWTD |
| How much money would it take to buy ITFC? on 11:22 - Mar 26 by blueislander |
That isn't the point Phil. If he were to be able to sell, virtually all the sale proceeds would go to him as repayment of the debt. The real question is , how much is he prepared to accept. He surely can't expect anyone to repay him in full at the moment. |
The debt will almost certainly be written down prior to a sale, as per Bolton last year. ME would accept a price up front, then probably further payments as and when the club is promoted. | | | |
| How much money would it take to buy ITFC? on 12:55 - Mar 26 with 1357 views | WeWereZombies |
| How much money would it take to buy ITFC? on 11:56 - Mar 26 by PhilTWTD |
The debt will almost certainly be written down prior to a sale, as per Bolton last year. ME would accept a price up front, then probably further payments as and when the club is promoted. |
The problem with this strategy is that promotion is the be all and end all, and how likely is promotion (I know we all think next year will be the year, but realistically)? The other option ME has is to sell off Playford Road for housing development but a number of factors would need to fall into place for that to happen, one of them being a catastrophic decline in the fortunes of the club on the pitch. |  |
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| How much money would it take to buy ITFC? on 12:59 - Mar 26 with 1335 views | Illinoisblue |
| How much money would it take to buy ITFC? on 12:55 - Mar 26 by WeWereZombies |
The problem with this strategy is that promotion is the be all and end all, and how likely is promotion (I know we all think next year will be the year, but realistically)? The other option ME has is to sell off Playford Road for housing development but a number of factors would need to fall into place for that to happen, one of them being a catastrophic decline in the fortunes of the club on the pitch. |
I'm sure somebody this week said Playford Rd training ground land can't be developed for housing. Some kind of usage restriction on it from the council. |  |
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| How much money would it take to buy ITFC? on 13:05 - Mar 26 with 1308 views | WeWereZombies |
| How much money would it take to buy ITFC? on 12:59 - Mar 26 by Illinoisblue |
I'm sure somebody this week said Playford Rd training ground land can't be developed for housing. Some kind of usage restriction on it from the council. |
If so, then ME should be putting a bit more effort into building a promotion winning team, of course that is a very difficult task and most of us do not want him to blow the budget Derby style. Maybe there will be a bit more of a clue if we have a change of manager in the summer. | |
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| How much money would it take to buy ITFC? on 14:23 - Mar 26 with 1158 views | Pinewoodblue |
| How much money would it take to buy ITFC? on 11:16 - Mar 26 by PhilTWTD |
There's never been any intention that the debt would be repaid, 'loans' are the most efficient way of investing. |
IT is the most efficient way of Evsns getting his money back in the unlikely event Town are promoted |  |
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