Foxes_Trust Posted 12 June 2006 Share Posted 12 June 2006 First in a series of articles where Andrew Taylor answers Trust members questions http://www.foxestrust.com/html/modules.php...article&sid=613 Link to comment Share on other sites More sharing options...
Jordan Posted 12 June 2006 Share Posted 12 June 2006 Good questions and good answers, but I'm still worried that a big chunk of New Fox PLC's payments to teachers only covers interest payments. Link to comment Share on other sites More sharing options...
Fez of Mahrez Posted 12 June 2006 Share Posted 12 June 2006 Premiership, Tigers or bust then? Link to comment Share on other sites More sharing options...
Babylon Posted 12 June 2006 Share Posted 12 June 2006 Nothing we didn't already know from what I can see. Link to comment Share on other sites More sharing options...
Jon the Hat Posted 12 June 2006 Share Posted 12 June 2006 Good questions and good answers, but I'm still worried that a big chunk of New Fox PLC's payments to teachers only covers interest payments. The way I read it, this says we do not own the stadium, therefore we are paying rent not interest. We have a structured rental arrangement which says we pay less in the Championship than in the Prem. We need to build a business which can support this rent, abd to suggest that we will go bust if we can't buy it isn't true any more than to say I will go bust if i can't buy a house. It is possible of course, but not any kind of foregone conclusion. The challenge is to find a new source of lending which allows us to buy the ground. It's clear that we don't have the revenue at the moment to raise enough cash, but this doesn't mean we can't afford to rent. The Tigers option could mean we have increased revenue with which to borrow. I have to say if I was a major shareholder with Tigers I would be kicking myself for not buying City for a knockdown £5m out of administration. The two clubs could have been managed together (commercially) the stadium been shared and funding raised to keep the stadium. No conflicting boards, job done. It seems we must have a long lease on the Walkers, bti I hope we don't miss any payments... I'd hate for us to be kicked out and Tigers move in... Link to comment Share on other sites More sharing options...
Daggers Posted 12 June 2006 Share Posted 12 June 2006 150% increase in rent for promtion - that has to be a bit of a kick on the financial teeth doesn't it? Seems grossly unfair. Link to comment Share on other sites More sharing options...
davieG Posted 12 June 2006 Share Posted 12 June 2006 150% increase in rent for promtion - that has to be a bit of a kick on the financial teeth doesn't it? Seems grossly unfair. As always with percentages (ask the low paid) it depends how much it is currently. Link to comment Share on other sites More sharing options...
Surreal Madrid Posted 12 June 2006 Share Posted 12 June 2006 150% increase in rent for promtion - that has to be a bit of a kick on the financial teeth doesn't it? Seems grossly unfair. It's actually a hire purchase payment, the debt owing on the stadium at last May was in excess of £16 million. The reduction whilst in the Champo reflects the fact we generate less income than if in the Premiership. In a perfect world we would be paying more to clear down the debt. Link to comment Share on other sites More sharing options...
Chairman of the Bored Posted 12 June 2006 Share Posted 12 June 2006 Dave Statham. Is it he who used to be Asst Director at LCC? If so, "hi Dave!". Link to comment Share on other sites More sharing options...
Ultra Posted 13 June 2006 Share Posted 13 June 2006 Could be, though last I heard (last week) he was in London at the Food Standards Agency. Would be good if he was keeping in touch with his roots.. Link to comment Share on other sites More sharing options...
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