stagmanrob wrote:What an absolute joke this is.
As taxpayers in the Chesterfield area, does that mean myself, Random Hero, and mansfield_smooth on here can class ourselves as part owners of a pee poor little Non League club?
Absolutely no way that they will be able to pay that loan back, it's ridiculous.
stagmanrob wrote:What an absolute joke this is.
As taxpayers in the Chesterfield area, does that mean myself, Random Hero, and mansfield_smooth on here can class ourselves as part owners of a pee poor little Non League club?
Absolutely no way that they will be able to pay that loan back, it's ridiculous.
stagmanrob wrote:Loan secured against the stadium.
Land alone will be worth more than £1m.
There's a covenant against the stadium that it can only be for sporting use... but if the ownership went to the council if they default on payments, I dare say that could be removed by the council.
Can't imagine the council evicting them and turning it into property though. It's an odd one.
wink68 wrote:stagmanrob wrote:Loan secured against the stadium.
Land alone will be worth more than £1m.
There's a covenant against the stadium that it can only be for sporting use... but if the ownership went to the council if they default on payments, I dare say that could be removed by the council.
Can't imagine the council evicting them and turning it into property though. It's an odd one.
Only ending one way. Never going to be a loan. Not a prayer og paying that back. To even stop the losses and break even will be a miracle. Like to know their business plan. Common sense would be part time. Chucking money at a one season gamble on promotion could be suicide and end of with the council flogging the land to get their money back.
part time pete wrote:wink68 wrote:stagmanrob wrote:Loan secured against the stadium.
Land alone will be worth more than £1m.
There's a covenant against the stadium that it can only be for sporting use... but if the ownership went to the council if they default on payments, I dare say that could be removed by the council.
Can't imagine the council evicting them and turning it into property though. It's an odd one.
Only ending one way. Never going to be a loan. Not a prayer og paying that back. To even stop the losses and break even will be a miracle. Like to know their business plan. Common sense would be part time. Chucking money at a one season gamble on promotion could be suicide and end of with the council flogging the land to get their money back.
How can the loan be secured against the stadium when the stadium will still be owned by Allen.
Amber Andy wrote:part time pete wrote:wink68 wrote:stagmanrob wrote:Loan secured against the stadium.
Land alone will be worth more than £1m.
There's a covenant against the stadium that it can only be for sporting use... but if the ownership went to the council if they default on payments, I dare say that could be removed by the council.
Can't imagine the council evicting them and turning it into property though. It's an odd one.
Only ending one way. Never going to be a loan. Not a prayer og paying that back. To even stop the losses and break even will be a miracle. Like to know their business plan. Common sense would be part time. Chucking money at a one season gamble on promotion could be suicide and end of with the council flogging the land to get their money back.
How can the loan be secured against the stadium when the stadium will still be owned by Allen.
Maybe the stadium is part of the deal.
Tippy Tappy Football wrote:Congratulations to the Chesterfield Community Trust and well done to Derbyshire County Council and Chesterfield Borough Council. I very much doubt the Stags would have received the same support from Notts County Council and Mansfield District Council.
The Community Trust have a massive job on their hands including having 10 players under contract who they cannot afford. I've seen talk already of Chesterfield building a promotion winning squad but the Community Trust need to lower everybody's expectations and just aim for survival for the first 2-3 seasons. They may also need to drop down to National League North as part of the rebuilding process. They have got an extremely hard job on their hands and it can be a hard slog for supporter owned clubs as the likes of Wrexham, Chester and Darlington have discovered. Good luck to them. I will be happy to see them back in the Football League once they have served their 5 years.
Tippy Tappy Football wrote:Congratulations to the Chesterfield Community Trust and well done to Derbyshire County Council and Chesterfield Borough Council. I very much doubt the Stags would have received the same support from Notts County Council and Mansfield District Council.
The Community Trust have a massive job on their hands including having 10 players under contract who they cannot afford. I've seen talk already of Chesterfield building a promotion winning squad but the Community Trust need to lower everybody's expectations and just aim for survival for the first 2-3 seasons. They may also need to drop down to National League North as part of the rebuilding process. They have got an extremely hard job on their hands and it can be a hard slog for supporter owned clubs as the likes of Wrexham, Chester and Darlington have discovered. Good luck to them. I will be happy to see them back in the Football League once they have served their 5 years.
stagmanrob wrote:10 players under contract from a squad that narrowly avoided a third relegation in recent years.
Players signed to fill out the rest of the squad will have to be on much less of budget than they've probably ever had in their entire history I would assume.
They're going to do well to stay up.... I'd love it if they went down though. They've not had the full Non-League experience until their local derby is at Alfreton
In a couple of years from now they might be reminiscing about the good old days under their previous rich benefactor Mr Allen when they have a mid table fixture coming up against Bradford Park Avenue. Then again their reduced budget might even be enough for success if other clubs (the Macclesfield's of tiers 4 and 5) have to cut back or even go out of existence.MTFCMAD wrote:Chesterfields playing budget is probably going to get slashed in half now they have no sugar daddy supporting them
Tippy Tappy Football wrote:Congratulations to the Chesterfield Community Trust and well done to Derbyshire County Council and Chesterfield Borough Council. I very much doubt the Stags would have received the same support from Notts County Council and Mansfield District Council.
The Community Trust have a massive job on their hands including having 10 players under contract who they cannot afford. I've seen talk already of Chesterfield building a promotion winning squad but the Community Trust need to lower everybody's expectations and just aim for survival for the first 2-3 seasons. They may also need to drop down to National League North as part of the rebuilding process. They have got an extremely hard job on their hands and it can be a hard slog for supporter owned clubs as the likes of Wrexham, Chester and Darlington have discovered. Good luck to them. I will be happy to see them back in the Football League once they have served their 5 years.
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