foxoffderby Posted 15 May 2009 Posted 15 May 2009 I wont comment on the politics of this, but what I will say we are behined our neighbours such as Derby co, in terms of facilities. I live opposite their purposed built training ground and sports science centre, it is definately state of the art. Its about 5 years old now. Their academy plays there and the've have a number of outdoor and indoor pitches. Ok they arnt doing well at the moment, even though it pains me to say it I think their investment will pay off in the long term. Giles Barnes and Miles Addison two of the products of the academy England under 21 internationals during this period.
Munzie Posted 15 May 2009 Posted 15 May 2009 Sorry but to me, i see this purely as a money meking scheme to line the pockets of milan.The facilities down at belvoir drive, are known to be excellent, and certainly premiership standard. Indeed many players when they sign for Leicester make a point of commenting how good our training facilities are. I hope milan proves me wrong, and invests any profit he makes,back into the club, but the cynic in me says, he wont, despite no doubt claiming that it will. The facilities were known to be excellent. A new signing is hardly gonning to slag off the facilities of the club he's just joined. Please tell me how this is a money making scheme. If we take what we have got and require better, how are we going to acheive this and make money? Any improvements/additions to ground size, quality, equipment will require further investment. Unless Belvior Drive is built on a oil site or buried treasure is found when digging it up, I fail to see how we will sell this place, line Milan's pockets and get state of the art facilites.
Jon the Hat Posted 15 May 2009 Posted 15 May 2009 The facilities were known to be excellent. A new signing is hardly gonning to slag off the facilities of the club he's just joined.Please tell me how this is a money making scheme. If we take what we have got and require better, how are we going to acheive this and make money? Any improvements/additions to ground size, quality, equipment will require further investment. Unless Belvior Drive is built on a oil site or buried treasure is found when digging it up, I fail to see how we will sell this place, line Milan's pockets and get state of the art facilites. In a number of ways. Buy land which is a hell of a lot cheaper. Lease land. Combine with one of the many Universities in the vicinity.
davieG Posted 15 May 2009 Author Posted 15 May 2009 The facilities were known to be excellent. A new signing is hardly gonning to slag off the facilities of the club he's just joined.Please tell me how this is a money making scheme. If we take what we have got and require better, how are we going to acheive this and make money? Any improvements/additions to ground size, quality, equipment will require further investment. Unless Belvior Drive is built on a oil site or buried treasure is found when digging it up, I fail to see how we will sell this place, line Milan's pockets and get state of the art facilites. That's prime house building land, even with the current state it's potential is significant in comparison to a bit of scrub land / industrial site. 3, 4 times the price You could knock up a decent bit of infrastructure and still come away with money in your pocket.
Ultra Posted 15 May 2009 Posted 15 May 2009 Loughborough University has one of the top Sports Science centres in the country. The Tigers frequently use their facilities -why do we not do so? I suspect we'll end up leasing them - at least in the short term. As for the training ground, it seems a strange move - this was our training ground for all of our premiership seasons in the past - why is it all of a sudden inadequate? Good question. Surely an upgrade would be less expensive than building on a fresh site. As said, it's clearly an exercise in getting cash into the business. I would imagine that we own our training ground outright, and that the new one will be financed by a mortgage secured on Milan's wealth. This would free up cash for players. Milan is 70+ and won't be around forever. How long would the mortgage be for, and on what terms? I think the comments above are a bit narrow - I dont think we are substituting player money for infrastructure money. You can take a loan to finance a training ground but not to finance buying a player. Also I think doing this actually increases the cash available to buy players whilst throwing in a new training ground also, which can't be a bad thing. How? Surely the revenue would be spent on one thing or the other - not both. I don't mind us being highly leveraged so long as Milan has truly done the calculations on what would happen to the club if we do not get promoted. If we are sold off in the championship with large unsecured debts we could be screwed. We're not meant to think about that possibility..
filbertway Posted 15 May 2009 Posted 15 May 2009 How very cynical you all are I just read that as we're trying to improve our training ground..which could help attract better players/help improve current players. I'm sure the cynicism will come as I age
Finnegan Posted 15 May 2009 Posted 15 May 2009 Would rather he spent the money on some new players. This isn't football manager. What a waste of £££££££££££ Good facilities attract better players?
Fez of Mahrez Posted 15 May 2009 Posted 15 May 2009 Can't say i'm surprised but i believe the Belvoir Ground facilities are much better than we get credit for.Loved training their at the School Of Excellence. lol
Webbo Posted 15 May 2009 Posted 15 May 2009 I suspect we'll end up leasing them - at least in the short term.Good question. Surely an upgrade would be less expensive than building on a fresh site. Milan is 70+ and won't be around forever. How long would the mortgage be for, and on what terms? How? Surely the revenue would be spent on one thing or the other - not both. We're not meant to think about that possibility.. Much as it pains me to say this, I suspect you're 100% correct.
Monk Posted 15 May 2009 Posted 15 May 2009 I think Ultra is right about the last point. Milan is 70+ and won't be around forever. How long would the mortgage be for, and on what terms?How? Surely the revenue would be spent on one thing or the other - not both. Quite simple - 1 - he'd sell the debt with the club 2 - I explained this. you sell the training ground which is owned outright, this brings in real equity. second, you build the new training ground using a mortgage secured on milans wealth. third, you put the CASH proceeds of the old training ground into the transfer kitty. in this way the club is able to do both. you cannot secure a mortgage loan for a player, but you can on land. So to me it looks like Milan is just using the land to cash in.
davieG Posted 15 May 2009 Author Posted 15 May 2009 I think Ultra is right about the last point.Quite simple - 1 - he'd sell the debt with the club 2 - I explained this. you sell the training ground which is owned outright, this brings in real equity. second, you build the new training ground using a mortgage secured on milans wealth. third, you put the CASH proceeds of the old training ground into the transfer kitty. in this way the club is able to do both. you cannot secure a mortgage loan for a player, but you can on land. So to me it looks like Milan is just using the land to cash in. Using any proceeds for players is here today gone tomorrow money whereas invested in the land will always give the club something of value that can be used to borrow/repay money against over and over again. This is potentially a short term gain, all Mandaric is interested in over a longer term loss of assets. I don't want to get promoted on the back of putting the club in a precarious financially state for when things will inevitably get tough again.
Babylon Posted 15 May 2009 Posted 15 May 2009 I think Ultra is right about the last point.Quite simple - 1 - he'd sell the debt with the club 2 - I explained this. you sell the training ground which is owned outright, this brings in real equity. second, you build the new training ground using a mortgage secured on milans wealth. third, you put the CASH proceeds of the old training ground into the transfer kitty. in this way the club is able to do both. you cannot secure a mortgage loan for a player, but you can on land. So to me it looks like Milan is just using the land to cash in. Great, how long is that money going to last us? I don't really fancy shit or bust... do you? The more I think about this the worse I feel.
Dr The Singh Posted 15 May 2009 Posted 15 May 2009 Great, how long is that money going to last us? I don't really fancy shit or bust... do you?The more I think about this the worse I feel. I don't think we should panic, Mandaric has a reputation to keep, although I don't think our debt will be wiped out soon, I doubt it if he would gamble our future to an extent our club could go bust!!!!!
Babylon Posted 15 May 2009 Posted 15 May 2009 I don't think we should panic, Mandaric has a reputation to keep, although I don't think our debt will be wiped out soon, I doubt it if he would gamble our future to an extent our club could go bust!!!!! Portsmouth were on the verge of going bust when he left them!
Dr The Singh Posted 15 May 2009 Posted 15 May 2009 Portsmouth were on the verge of going bust when he left them! Were they, I didn't know....I thought he sold the club and made a handsome profit, maybe I was wrong then?????
Monk Posted 15 May 2009 Posted 15 May 2009 Meh, in terms of total club debt it might add a couple of million to it but realistically we'd still have a lot of debt if we didn't do this. I don't think that this specific move puts us in danger. Just have to be wary that the club either needs to be in the premiership consistently or needs to have a very wealthy owner.
davieG Posted 15 May 2009 Author Posted 15 May 2009 Portsmouth were on the verge of going bust when he left them! And Southampton have not longer after Hoo's left them
RizLCFC Posted 15 May 2009 Posted 15 May 2009 I fully back a new training ground, the better the facilities off the pitch for the players hopefully the better matchday performance, and good facilities have been known to attracting good players to football clubs (not saying this will necessarily happen), but, that's not the reasons why I support a new training ground, I just like the idea of the club progressing in any manner.
Sly Posted 15 May 2009 Posted 15 May 2009 And Southampton have not longer after Hoo's left them Let's hope they learn't from their mistakes!
renards Posted 15 May 2009 Posted 15 May 2009 I suugested this would happen when MM arrived and got shot down. We have a training ground, a pitch is a pitch why not add to it? Fairly obvious we will sell the freehold on (nice) Belvoiir drive and lease another facility with a bit of the dosh going to kit it out. Not the end of the world (unlesss you house over looks the training ground) maybe a bit worrying as will then have zero tangible assests.
AyewJoking Posted 15 May 2009 Posted 15 May 2009 get established in the prem and rake in the money before you build fancy new facilities.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.