Re: The Shay. : Mon Jan 13, 2025 12:04 pm
Greg Florimos Boots wrote:
A big point about all this work getting done on the stadium, it actually makes SL a realistically proposition for us if someone with money came in to the club. Without the stadium works its impossible for us to get enough points but this would change all that.
The question that a lot of people want clarifying about all the work is with Ken Daley saying he was “loaning” the money to the clubs to get it done who is actually paying for it?
Could be wrong but If he gets approval to buy it, it looks like and others have suggested although it would have been agreed, because of all the legalities the deal won’t be done / fully completed before the work has to start so he would have to loan the money to the clubs before he is legally the owner?
But why would he be lending the money to the clubs when it would be CMBC who still legally owned the ground when the work was being done and wouldn’t it be their responsibility to manage the installation of the drainage, pitch etc and pay for it?
If it was the clubs who were being loaned the money what sort of arrangement would it be?
Ken Davey paying the biggest part, the clubs paying or some percentage combination.
Unless Fax get the new rumoured board / consortium then they couldn’t afford any of it so lots of questions need answering and a lot of things need to happen in pretty short order on just that front.
Add to that the other off field tax issue and the on field numbers of fit players the same applies there so interesting period ahead.