Edited May 11, 20233 yr by globaldiver

I think we need to raise a minimum of £3m otherwise they won’t proceed, so that’s a decent start.

Good start that; it’s a good bond with excellent interest but obviously there is a risk. Gone for £10k

6 minutes ago, RUREADY2ROLL said:

Good start that; it’s a good bond with excellent interest but obviously there is a risk. Gone for £10k

Good luck.

27 minutes ago, tomski said:

Good luck.

It’s pretty straightforward but if they go bust you lose

Edited May 22, 20233 yr by RUREADY2ROLL

11 minutes ago, RUREADY2ROLL said:

It’s pretty straightforward but if they go bust you lose

I meant is in I hope it goes to plan. Not as in, you’ll not see it again type thing.

Maguire covered the bond in his POF podcast this week.  He said it was an unsecured loan with the associated risk for investors but with a good return for individuals.  Bolton were now a well run club and similar Tifosy Bonds for Norwich and QPR had been repaid on time.  Peterborough's could be a bit more problematical as the company which owns the ground (not the club) has gone into admin, making things messy.

For the club it is a cheap(er) form of finance at 8.5%, he said WBA were currently paying 14% for a loan from Macquarie I think.

Heh failed the questionaire twice.

Feels like i am back at school looking at multiple choice questions thinking 2 of those answers could be correct.

16 minutes ago, tungstenx said:

Heh failed the questionaire twice.

Feels like i am back at school looking at multiple choice questions thinking 2 of those answers could be correct.

Passed first time; clever bugger me

Are new sponson 

Toughsheet 

Has just got one of them £250k Bonds

Might have a dabble at this 

30 minutes ago, little whitt said:

Are new sponson 

Toughsheet 

Has just got one of them £250k Bonds

Money laundering 

3.5 million quid 

2 hours ago, L/H White said:

3.5 million quid 

Some mad Bastards About 

Use the £3.5 mill to buy Wigan assets strip it then bulldoze the ground 

2 hours ago, Farnywhite said:

Use the £3.5 mill to buy Wigan assets strip it then bulldoze the ground 

Shhhh. That’s the reason for the bond; now they know

8 minutes ago, RUREADY2ROLL said:

Shhhh. That’s the reason for the bond; now they know

If they come out with that as the plan for 2nd round funding... 

Iamin

 

I don't understand where the 8.5% interest payout comes from. Can anyone explain?

I like Neil 

1 hour ago, Cheese said:

I don't understand where the 8.5% interest payout comes from. Can anyone explain?

I don’t have inside knowledge but I think borrowing money from supporters is preferable to borrowing money with sky high interest rates from finance Companies. Which involves penalty clauses as well for late payments.

NH has said they’ll use some of the money to invest in the playing squad, with the hope of promotion which will mean a lot more income, if it happens. He’s also said on the video, they’ll spend it on advertising in the middle ribbon, so I assume between the upper and lower tiers, so more income.

Also, they’re updating the corporate suites, to keep existing customers happy but attract new business and grow that side of the revenue stream.

if all that isn’t the success they think it’ll be, then the directors will take it on the chin and pay up, I’d expect.

3 minutes ago, Popeye doyle said:

I don’t have inside knowledge but I think borrowing money from supporters is preferable to borrowing money with sky high interest rates from finance Companies. Which involves penalty clauses as well for late payments.

NH has said they’ll use some of the money to invest in the playing squad, with the hope of promotion which will mean a lot more income, if it happens. He’s also said on the video, they’ll spend it on advertising in the middle ribbon, so I assume between the upper and lower tiers, so more income.

Also, they’re updating the corporate suites, to keep existing customers happy but attract new business and grow that side of the revenue stream.

if all that isn’t the success they think it’ll be, then the directors will take it on the chin and pay up, I’d expect.

Cheers. That makes sense.

8 minutes ago, Popeye doyle said:

I don’t have inside knowledge but I think borrowing money from supporters is preferable to borrowing money with sky high interest rates from finance Companies. Which involves penalty clauses as well for late payments.

NH has said they’ll use some of the money to invest in the playing squad, with the hope of promotion which will mean a lot more income, if it happens. He’s also said on the video, they’ll spend it on advertising in the middle ribbon, so I assume between the upper and lower tiers, so more income.

Also, they’re updating the corporate suites, to keep existing customers happy but attract new business and grow that side of the revenue stream.

if all that isn’t the success they think it’ll be, then the directors will take it on the chin and pay up, I’d expect.

Also a bit of a surprise a new screen. Does that mean replacing the exsisting one with one the right way round or an additional one.

I would think they’re ripping the existing out. When the stadium opened we used to have a big screen, then for whatever reason they replaced with the current small screen. Fuck knows why?

One thing that surprised on his video update. We have a 1000 people on match days using the corporate suites and boxes. We really are getting our act together.

If we hit 5 million that’s 2.12 million in interest over 5 years, the gamble the owners are making is that we get promoted which will easily pay off the interest and the 10% promotion bonus.  They’ll be long faces in the boardroom if we don’t get promoted and it has to come out of the owners pockets.