Re: another player leaves leigh : Thu Nov 03, 2011 7:29 pm  

Starbug wrote:

It is only ' surmountable ' because they own the stadium , I would guess that they might be able to loan against it to pay off the debt

Bloody mess though , I really feel for those fans , they've been through the ' ringer ' the last few year

No disrespect, but with the state of the ground and to be fair the state of the area, and the economy in that area, how much could they raise as a loan? and with their gates how would they pay it back?
I have gone on record as saying I wish Barrow were still in our league and I wish them well.
But,

Re: another player leaves leigh : Thu Nov 03, 2011 8:48 pm  

halifaxjohn wrote:

:MOTOR:
No disrespect, but with the state of the ground and to be fair the state of the area, and the economy in that area, how much could they raise as a loan? and with their gates how would they pay it back?
I have gone on record as saying I wish Barrow were still in our league and I wish them well.
But,

As I said , it's a mess

Re: another player leaves leigh : Thu Nov 03, 2011 9:50 pm  

If they go bust then Des would lose his money I guess - Karma?

They may then be able to start again without all this hanging over them.
Would feel for anybody else though who is owed money.

Re: another player leaves leigh : Thu Nov 03, 2011 10:00 pm  

Norman Bates wrote:

If they go bust then Des would lose his money I guess - Karma?

They may then be able to start again without all this hanging over them.
Would feel for anybody else though who is owed money.

i think if they go bust they could lose the ground,if that happens they've nowhere to play, it wouldn't take long for another supermarket or another housing estaste to go up.

Re: another player leaves leigh : Thu Nov 03, 2011 10:42 pm  

j.c wrote:

i think if they go bust they could lose the ground,if that happens they've nowhere to play, it wouldn't take long for another supermarket or another housing estaste to go up.

Fair point.
It really looks to be a dire situation but I wish them all the best in getting out of it.

Likewise you Leythers.

Re: another player leaves leigh : Thu Nov 03, 2011 10:59 pm  

j.c wrote:

i think if they go bust they could lose the ground,if that happens they've nowhere to play, it wouldn't take long for another supermarket or another housing estaste to go up.

Wouldn't get a supermarket going on it, its over the road from tesco and about a mile from Asda

houses however, its surrounded by them, but who's buying houses right now?

Re: another player leaves leigh : Thu Nov 03, 2011 11:12 pm  

Brew wrote:

Wouldn't get a supermarket going on it, its over the road from tesco and about a mile from Asda

houses however, its surrounded by them, but who's buying houses right now?

Being close to competitors hasn't stopped Tesco's and Morrisons expanding into
Leigh this year

But yes you are right , land values are down at the moment , but it is still an asset that could easily be borrowed against

Re: another player leaves leigh : Thu Nov 03, 2011 11:19 pm  

Brew wrote:

Wouldn't get a supermarket going on it, its over the road from tesco and about a mile from Asda

houses however, its surrounded by them, but who's buying houses right now?

What about sainsburys ,aldi or lidl or morrisons.
house builders buy land and sit on it till the market picks up then they either build on it or sell it to other house builders.
how about a b&q warehouse.

Re: another player leaves leigh : Fri Nov 04, 2011 7:20 pm  

Starbug wrote:

Being close to competitors hasn't stopped Tesco's and Morrisons expanding into
Leigh this year

But yes you are right , land values are down at the moment , but it is still an asset that could easily be borrowed against

The club will not be going into administration as they would lose Craven Park which is, believe it or not, a very valuable asset (approx £4M). The new BOD have already stated that the debts will be re-structured and paid off over a longer term (10 years) - ie mortgaged against Craven Park.

The option I would look into would be to sell Craven Park, pay off the debts, bank a few bob and buy into groundshare with Barrow AFC - either at a new stadium or refurbished Holker Street (BAFC). As you can imagine, the groundshare issue is a bit of a hot potato - especially with our Wendyball friends.

It may be seen by many as a sh1tehole, but Craven Park is an asset that secretly most Championship and Championship 1 Chairmen would love to own. The new BOD at Barrow have actively backed the ground develoment fund over the last 18 months (something that DJ didn't) so you'll find that even if a groundshare doesn't come about in the short/medium term, the old girl that is Craven Park will get knocked into shape with increasing speed.

Re: another player leaves leigh : Fri Nov 04, 2011 7:34 pm  

SRC wrote:

The club will not be going into administration as they would lose Craven Park which is, believe it or not, a very valuable asset (approx £4M). The new BOD have already stated that the debts will be re-structured and paid off over a longer term (10 years) - ie mortgaged against Craven Park.

The option I would look into would be to sell Craven Park, pay off the debts, bank a few bob and buy into groundshare with Barrow AFC - either at a new stadium or refurbished Holker Street (BAFC). As you can imagine, the groundshare issue is a bit of a hot potato - especially with our Wendyball friends.

It may be seen by many as a sh1tehole, but Craven Park is an asset that secretly most Championship and Championship 1 Chairmen would love to own. The new BOD at Barrow have actively backed the ground develoment fund over the last 18 months (something that DJ didn't) so you'll find that even if a groundshare doesn't come about in the short/medium term, the old girl that is Craven Park will get knocked into shape with increasing speed.

If you fancy ground sharing, don't refer to football as "Wendy Ball"
They don't like it.
They much prefer "girlies game"