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Post by ladywhitenap on Oct 9, 2016 9:22:31 GMT
I'm looking forward to reading the VR on this. It seems to me ( having no interest in football whatsoever) that the value of the stadium and grounds would be very much tied to the fortunes of the club who play there? and that unless the land has a very good chance of development for another purpose, the underlying security might be a bit dodgy.
Hoping to be proved wrong by a clear objective VR and information on the resident football club.
LW
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stokeloans
Member of DD Central
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Post by stokeloans on Oct 9, 2016 9:44:41 GMT
I'm looking forward to reading the VR on this. It seems to me ( having no interest in football whatsoever) that the value of the stadium and grounds would be very much tied to the fortunes of the club who play there? and that unless the land has a very good chance of development for another purpose, the underlying security might be a bit dodgy. Hoping to be proved wrong by a clear objective VR and information on the resident football club. LW Well just for reference purposes,Stoke City's stadium and the land it occupied was sold for re-development in 1997 for the princely sum of £2 million. 19 years later it is waste land that has never been built on
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Post by ladywhitenap on Oct 9, 2016 9:50:00 GMT
I'm looking forward to reading the VR on this. It seems to me ( having no interest in football whatsoever) that the value of the stadium and grounds would be very much tied to the fortunes of the club who play there? and that unless the land has a very good chance of development for another purpose, the underlying security might be a bit dodgy. Hoping to be proved wrong by a clear objective VR and information on the resident football club. LW Well just for reference purposes,Stoke City's stadium and the land it occupied was sold for re-development in 1997 for the princely sum of £2 million. 19 years later it is waste land that has never been built on Presumably they could not getting planning permission for development? With all the pressure to build more and more housing, I'd have expected it to be developed by now. LW
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stokeloans
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Post by stokeloans on Oct 9, 2016 10:29:58 GMT
No,they had planning for a housing estate from the off.They just haven't bothered starting it due the local economic climate,that was the excuse
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paulg
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Post by paulg on Oct 9, 2016 14:04:03 GMT
I'm looking forward to reading the VR on this. It seems to me ( having no interest in football whatsoever) that the value of the stadium and grounds would be very much tied to the fortunes of the club who play there? and that unless the land has a very good chance of development for another purpose, the underlying security might be a bit dodgy. Hoping to be proved wrong by a clear objective VR and information on the resident football club. LW For info - when this prospective loan was first announced in the pipeline on 6th April it said: "To fund planning & subsequent development of retail & residential on the site".
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stevio
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Post by stevio on Oct 9, 2016 14:44:46 GMT
Would like to know what loan is to be used for? Just to prop up the club (which appears to have had financial difficulties)
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littonowl
Member of DD Central
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Post by littonowl on Oct 9, 2016 15:13:32 GMT
Would like to know what loan is to be used for? Just to prop up the club (which appears to have had financial difficulties) If it's the club I think it is, there's been rumours in the media in the last week and it's been discussed on their forum about the development of a new 15-20k seater stadium, presumably on a new site in the town...?
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oldgrumpy
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Post by oldgrumpy on Oct 9, 2016 15:18:40 GMT
No,they had planning for a housing estate from the off.They just haven't bothered starting it due the local economic climate,that was the excuse I see enormous development projects in progress from the canals around Stoke. Maybe there are just too many being done at this time.
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stokeloans
Member of DD Central
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Post by stokeloans on Oct 9, 2016 15:27:03 GMT
No,they had planning for a housing estate from the off.They just haven't bothered starting it due the local economic climate,that was the excuse I see enormous development projects in progress from the canals around Stoke. Maybe there are just too many being done at this time. They've had nearly 20 years mate, the owners St Modwens just don't seem to want to put their hands in their pockets
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Post by geraldine1210 on Oct 10, 2016 6:41:20 GMT
I'm wondering if there is any chance Ed at moneything would consider putting a bid limit on this. Maybe not for the full 24 hours, but just to give us all a chance to bid.
I know it is a fairly sizeable loan, but I am concerned a few big hitters will swallow it, even if we can be bidding dead on 1600.
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Post by MoneyThing on Oct 10, 2016 7:08:01 GMT
I'm wondering if there is any chance Ed at moneything would consider putting a bid limit on this. Maybe not for the full 24 hours, but just to give us all a chance to bid. I know it is a fairly sizeable loan, but I am concerned a few big hitters will swallow it, even if we can be bidding dead on 1600. Morning, We had considered this, however there will be 5 advances in short succession amounting to a total of £2.4m and therefore should be plenty of chance lenders to participate in this loan. If however demand is stronger than anticipated, we can apply bid limits on later advances if required. Kind regards, Ed
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ahk
New Member
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Post by ahk on Oct 10, 2016 10:52:05 GMT
Are we allowed to know which club this loan is going to?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 10, 2016 11:10:27 GMT
Are we allowed to know which club this loan is going to? Not on the forum as that IDs the borrower. If youre an MT member the identity of the club is given in the write up for the Bradford loan MTAG306
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ahk
New Member
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Post by ahk on Oct 10, 2016 11:47:01 GMT
Many thanks
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stevio
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Post by stevio on Oct 10, 2016 18:36:19 GMT
MoneyThing is this going ahead for tomorrow? Not received any notifications?
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