| Community Run Clubs on 21:38 - Feb 18 with 480 views | Guthrum |
Portsmouth raised £2.5m to redeem just one £7m debt. Even at an equally substantial discount, it would be tens of millions to cover what the club owes to Marcus Evans (plus buying back Playford Road). |  |
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| Community Run Clubs on 05:58 - Feb 19 with 376 views | Keaneish |
| Community Run Clubs on 21:38 - Feb 18 by Guthrum |
Portsmouth raised £2.5m to redeem just one £7m debt. Even at an equally substantial discount, it would be tens of millions to cover what the club owes to Marcus Evans (plus buying back Playford Road). |
Evans would be looking to recoup on his original investment, not the annual operating costs over the last 13 years. The debt was 35 million but he acquired this for a significantly reduced sum. It’s this figure he’d be selling the club for.
Not sure how much he’s put into Playford Road. |  |
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| Community Run Clubs on 08:02 - Feb 19 with 326 views | Guthrum |
| Community Run Clubs on 05:58 - Feb 19 by Keaneish |
Evans would be looking to recoup on his original investment, not the annual operating costs over the last 13 years. The debt was 35 million but he acquired this for a significantly reduced sum. It’s this figure he’d be selling the club for.
Not sure how much he’s put into Playford Road. |
Why would he not want to recoup at least some of the money he's put into running costs during his ownership? It's a heck of a lot to just write off.
Playford Road was sold to part of MEG a few years ago, to raise funds. Presumably the club/new owners would have to buy it back. | |
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| Community Run Clubs on 08:16 - Feb 19 with 303 views | itfcjoe |
| Community Run Clubs on 05:58 - Feb 19 by Keaneish |
Evans would be looking to recoup on his original investment, not the annual operating costs over the last 13 years. The debt was 35 million but he acquired this for a significantly reduced sum. It’s this figure he’d be selling the club for.
Not sure how much he’s put into Playford Road. |
He will not be selling the club for £8m, it's dreamland to think he is.
Plus, without a salary cap, the club runs a massive loss each year - it's simply totally unrealsitic to think fans can run the club and it be what we want it to be.....fan run clubs hit a celing in the middle of League 1 before they get investment.
Considering most ITFC fans think that the middle of League 1 should be our natural floor then it's a non starter [Post edited 19 Feb 2021 8:22]
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