globaldiver Posted May 11, 2023 Posted May 11, 2023 (edited) Edited May 11, 2023 by globaldiver Quote
radcliffe white Posted May 11, 2023 Posted May 11, 2023 No problem for the big earners & retired folk of wanderersways Quote
L/H White Posted May 11, 2023 Posted May 11, 2023 strange one removed gambling companies from the ground, but want you to gamble on the club with £500 minimum outlay Quote
Big E Posted May 11, 2023 Posted May 11, 2023 Yeah folk won’t be too happy when they realise they could return nothing Quote
TrickyTrotter Posted May 11, 2023 Posted May 11, 2023 Decent interest rate but 2 issues as a supporter, how will the interest be paid each year - around £297k and more importantly how us the £3.5m capital going to be paid back in 5 years? The interst looks affordable given a commercial loan for the club could be much higher. The capital might only be repaid either by taking out another loan or selling the debt to new (richer) owners. Quote
Mounts Kipper Posted May 11, 2023 Posted May 11, 2023 I will chuck in my Burnden Leisure shares. Quote
Mounts Kipper Posted May 11, 2023 Posted May 11, 2023 (edited) what happens if club lose money and you are a shareholder, are you liable for part of the debt? Also i take it the 8.5% return is after 5 years invested so 1.7% interest per year. Edited May 11, 2023 by Mounts Kipper Quote
gonzo Posted May 11, 2023 Posted May 11, 2023 13 minutes ago, Mounts Kipper said: I will chuck in my Burnden Leisure shares. Ill see if my Dad still has his ones in Mosaic Quote
Flannel Truscott Posted May 11, 2023 Posted May 11, 2023 16 minutes ago, Mounts Kipper said: what happens if club lose money and you are a shareholder, are you liable for part of the debt? Also i take it the 8.5% return is after 5 years invested so 1.7% interest per year. No, per year Quote
TrickyTrotter Posted May 11, 2023 Posted May 11, 2023 15 minutes ago, Mounts Kipper said: what happens if club lose money and you are a shareholder, are you liable for part of the debt? Also i take it the 8.5% return is after 5 years invested so 1.7% interest per year. Says 8.5% pa. Nobody is putting in £3.5m for 1.7% pa. You can get 4.3% fixed for 5yrs at a Building Society which is protected by the Financial Conduct Authority. Quote
Site Supporter Spider Posted May 11, 2023 Site Supporter Posted May 11, 2023 They should do it as crypto, amounts to the same thing. Could call it BoltCoin TrotterCoin Loftyum Quote
Traf Posted May 11, 2023 Posted May 11, 2023 So, invest £1000 and get £425 interest, plus £100 if we go up? A 52.5% return over 5yrs? Club will be fucked in 5yrs time. Suggests FV will be looking to sell in that window. Quote
Big E Posted May 11, 2023 Posted May 11, 2023 Soon as we are championship / 2nd year championship we will be gone Quote
freds dad Posted May 11, 2023 Posted May 11, 2023 14 minutes ago, Traf said: So, invest £1000 and get £425 interest, plus £100 if we go up? A 52.5% return over 5yrs? Club will be fucked in 5yrs time. Suggests FV will be looking to sell in that window. All depends on how they work the interest out but you could end up with over £1600 if it’s compound interest Quote
Traf Posted May 11, 2023 Posted May 11, 2023 Just now, freds dad said: All depends on how they work the interest out but you could end up with over £1600 if it’s compound interest Not compound, it's paid out annually in cash Quote
Moderators Casino Posted May 11, 2023 Moderators Posted May 11, 2023 does it get you priority for aways? Quote
Gonk Posted May 11, 2023 Posted May 11, 2023 40 minutes ago, Mounts Kipper said: what happens if club lose money and you are a shareholder, are you liable for part of the debt? Also i take it the 8.5% return is after 5 years invested so 1.7% interest per year. You're not a shareholder, you are a bond holder. Quote
Members Lt. Aldo Raine Posted May 11, 2023 Members Posted May 11, 2023 1 hour ago, desperado said: It certainly is gambling, even if it's a "safer" way to do it I'm not sure why he'd claim it isn't Quote
L/H White Posted May 11, 2023 Posted May 11, 2023 3 minutes ago, Casino said: does it get you priority for aways? it does if you believe facebook types already Quote
Le Howfen Posted May 11, 2023 Posted May 11, 2023 Other than the club going bust, are there any other risks associated with this? Quote
Farnywhite Posted May 11, 2023 Posted May 11, 2023 Wouldn’t this make the club harder to sell ? Another layer of debt to be paid off in 5 years Quote
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