Today Tomorrow Sun 26 Mon 27 Tue 28 Wed 29 Thu 30




AFCW v Burton Albion (FL1) k.o 19:45


Enter e-mail and Tag To Login
Paper's Crowd Count
Last 5 minutes : 44
Last 24 hours : 4514
Refresh Clear Form
   
You are on page 7. Click the red cross to clear.
Why would the football improvement stadium grant need to be paid back. It was a grant.
22nd Jan 2020 17:05:42 
[79.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Think the football stadium improvement grant people may also have a claim before bond holders.
22nd Jan 2020 17:01:49 
[77.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
PLB / Charlie - thanks very much, that's helpful.
22nd Jan 2020 16:49:16 
[164.lo.gg.ed] 
kt2
Ex www.wup.me.uk - The home of WU
Below the secure lender. So whoever the commercial lender is the highest level of debt, then the bondholders.
22nd Jan 2020 16:49:06 
[193.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
One question which I imagine has already been asked is on a subject I remember being talked about during one of the meetings. Where will paying the bond back sit in the pecking order of other debts such as bank loans? (i.e Will bond repayment sit last in the queue?)
22nd Jan 2020 16:38:29 
[151.lo.gg.ed] 
s2k
Ex www.wup.me.uk - The home of WU
Nick, Rhys Weston absolutely coated Wally. Perhaps his redemption for his hissy fit should be £30k of bonds.
22nd Jan 2020 16:37:16 
[10.lo.gg.ed] 
middle aged don
With no interest
Any further questions or confidence you would like around our approach to this, drop us an email to ask more and discuss your possible thoughts / investment plans / concerns or try to have a chat with one of us at a game.
22nd Jan 2020 16:24:45 
[193.lo.gg.ed] 
Charlie
KT2 - so there's a couple of things in your post. first up the money for this bond can only be used for the stadium financing, it's ring fenced for that. If for some reason the stadium contract wasn't signed then the money would still be sat in the ring fenced account. That's a pretty unlikely outcome as the more the bond raises (and overall the idea of £3m looks very achievable from here and £5m possible if we all work hard on it) the more the commercial lending will be available at some rate, even if at worst case scenario it ends up being short term and refinanced asap. So there aren't many routes to the bond having your money in and somehow the stadium contract not getting signed. The next point of jeopardy is if the operating companies aren't generating enough to cover the repayments to the Trust for the Trust to pay the redemptions in 5 (or 10) years' time. Our belief is that by getting the stadium built, allowing time to refinance and potentially change structures and look at governance and set-ups we have a longer lead time to mitigate this risk. But as others have said it of necessity remains an unsecured loan so your capital is at risk etc etc.
22nd Jan 2020 16:23:15 
[193.lo.gg.ed] 
Charlie
Oo er missus!
PR etc yes this is happening. As you can imagine normally this kind of issue would have had time to have all the set-up done and tested and the PR campaign all planned before launch but the timescale simply didn't allow this. Niall and others are running with wider PR and we are working with Cake and others to reach more influencers, press coverage etc. I haven't had as much to do with that owing to the workload of getting the thing started. More to come though for sure. We are still finalising adding details for foreign purchasers and being able to buy in the names of kids / grandkids etc which will help and again ideally would have been in place by the 18th but there just weren't enough hours and resource.
22nd Jan 2020 16:14:03 
[193.lo.gg.ed] 
Charlie
Reading back a bit - KT2 will do a separate response. Red Kite - if you have a future purchase in mind, we totally understand people have timescales and logistical issues around moving money at the savings level - drop us an email to discuss and we can both include a future prediction of a purchase that will miss our initial deadline and bear it in mind. Raynes Parler - good to hear. Overall I think there are quite a few people who "pledged" in advance who will take a little while but we can reasonably assume to be still interested. In answer to the question below yes we did weight answers by confidence etc from survey and that still came to between £3m-£3.5m. Agree we don't have an exact idea of how much of that results but being 3/4 of the way to 1m off only 170 people means there are a lot more people still to come.
22nd Jan 2020 16:11:32 
[193.lo.gg.ed] 
Charlie
[Link]
22nd Jan 2020 15:37:05 
[195.lo.gg.ed] 
I have no recollection of this at all, very strange
Lol CW.
22nd Jan 2020 15:28:57 
[87.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
[Link]
22nd Jan 2020 15:23:23 
[81.lo.gg.ed] 
He’s even wearing one of our shirts in the picture
I've got some money in funding circle that I have been trying to get out since last August. I'm hoping I'll have a little bit to invest by the end of the month.
22nd Jan 2020 15:02:26 
[90.lo.gg.ed] 
dkibs
Ex www.wup.me.uk - The home of WU
You would hope that our commercial team are already talking to businesses around the stadium site and have been for a long time. That would make it easier to sell the bond to them if they are already in contact.
22nd Jan 2020 14:59:50 
[86.lo.gg.ed] 
nick
Ex www.wup.me.uk - The home of WU
Would hope that they’d see that as punishing us all for the behaviour of a few (and hopefully a few who won’t be at the club for much longer anyway but I don’t wanna go banging that drum again right now.)
22nd Jan 2020 14:37:47 
[87.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
I would be surprised if we were to see Vinnie Jones backing the bond campaign as a lot of ex players are pretty upset at the way the club dealt with Wally’s “termination”
22nd Jan 2020 14:33:02 
[86.lo.gg.ed] 
nick
Ex www.wup.me.uk - The home of WU
Good shout Nick and if they’re happy for the PLB guys to create a list of local businesses who have invested then they’ll get lots of happy Wombles through their doors.
22nd Jan 2020 14:12:04 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Nice one TF 👍 KT2 - no worries - question received so I expect me or us here to hear back later today.
22nd Jan 2020 14:11:37 
[195.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Wondering whether we have talked to businesses around plough Lane. Surely getting the stadium built would be in the interests of people like “the stadium cafe” on the corner of Aldren Road and the fast food shops on the Lane.
22nd Jan 2020 14:07:26 
[86.lo.gg.ed] 
nick
Ex www.wup.me.uk - The home of WU
I'm sure LTB could/would put a few grand in 😀
22nd Jan 2020 13:58:03 
[80.lo.gg.ed] 
wombleddan
Ex www.wup.me.uk - The home of WU
There are lots of reasons we can each come up with for not putting money in to the bond scheme, but the way I am looking at it is that, if the club were to suffer an insolvency event in the future, how much would I be willing to put in to keep the club going? Putting in what I can spare now reduces the risk of future financial failure and delays/prevents investors from taking control.
22nd Jan 2020 13:52:56 
[91.lo.gg.ed] 
I have approval from my in-home audit committee to invest once the pension arrives at the weekend!
Nigerian Fash used to have access to government money? 🤔
22nd Jan 2020 13:50:02 
[2.lo.gg.ed] 
middle aged don
Ex www.wup.me.uk - The home of WU
Maybe not Gary Stevens.
22nd Jan 2020 13:24:40 
[213.lo.gg.ed] 
Ex www.wup.me.uk - The home of WU
Doobs - thanks for your input earlier. Made contact, the guys responded quickly and we’ve linked them up with some people who should be able to add some value and if not there are other options awaiting.
22nd Jan 2020 13:24:16 
[213.lo.gg.ed] 
I love the Premier League players idea from earlier - what about some ex players too both ex Wombles and those who remember playing at Plough Lane?