Edited May 11, 20233 yr by globaldiver

 

 

No problem for the big earners & retired folk of wanderersways

strange one

removed gambling companies from the ground, but want you to gamble on the club with £500 minimum outlay 

Yeah folk won’t be too happy when they realise they could return nothing 

 

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.

I will chuck in my Burnden Leisure shares.

 

Interesting Lucock has raised his head.

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, 20233 yr by Mounts Kipper

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

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 

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.

They should do it as crypto, amounts to the same thing.

Could call it

BoltCoin

TrotterCoin

Loftyum

 

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.

Soon as we are championship / 2nd year championship we will be gone 

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 

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

does it get you priority for aways?

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. 

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

3 minutes ago, Casino said:

does it get you priority for aways?

it does if you believe facebook types already 

 

Other than the club going bust, are there any other risks associated with this? 

Wouldn’t this make the club harder to sell ? Another layer of debt to be paid off in 5 years 

Scam