GIANT DAZ wrote:
To get 80% HTFC would either have to buy the council's 40% share or the Giants 20 and 20 from the council, doubt either would give up their part or HTFC would have the money to do that.
We didn't 'cancel' it, it was us who requested the change due to the stadium staff going to Wembley.
Daz can you explain why a company owned by Dean Hoyle lodged various charges over the stadium on the 12 April 2017 where his company are noted as lenders to KDSL?
In addition in the last filed accounts the stadium was valued at just over 18m a figure which depreciated by c1m on the 2015 accounts figure and KDSL made a loss of 227k in the 2016 financial year.
Therefore 40% of the stadium value is c7.2m (probably less when this years reduced value is taken into account) and they reckon getting into the premier league is worth 200m. Even if town go straight back down they get 3 years parachute payments worth another c90m.
Consequently, it is utter folly to say town don't have the money and it looks like their chairman is already making moves to secure the asset or at least control it.