Stop that Quents ... first your hair will fall out ....then you'll go a bit gay and Colonel Sanders like ...
Been working from home today whilst the car got serviced ... rather chilled in fact ... back to the grind tomorrow and a nice drive round to junction 28 of the M25 to look forward to ...
and also the same day that poch chooses to play a very defensive team at home on a pitch that still had all its gridiron lines?
So, if the stadium comes in at £1 billion, you will pay back £50m a year for 20 years?? I guess you will pay £50m a season for a few years and then refinance. Basically you need someone to buy the club? Also, you cancelled 200m of housing and hotels because of budget escalation, have not found a stadium sponsor and have not sold all your hospitality packages (yet)
The total debt at the end of June was £366m. It is unlikely that the costs from end June to completion for the stadium will be more than £200m. So the end debt on the stadium is likely to be less than £550m. That costs £20m in interest and theoretically has to be paid back over 5 years, But as you say we will refinance once the revenue stream starts and I would expect to pay back over 10-25 years. Provided the pay back time is longer than 8 years that means the stadium generates cash for investing in the squad or wages rather than being a drain. So we don't need anyone to buy the club. I reckon ENIC will sell if they get a good offer though.
A brief google says the new stadium will only generate £28m a year extra in revenue. I thought it would be a lot more than that. But it will service the interest. Will you not make capital payments on the loan in the first five years too?
